Last $9.22 USD
Change Today -0.10 / -1.07%
Volume 6.3M
MTG On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

mgic investment corp (MTG) Snapshot

Open
$9.46
Previous Close
$9.32
Day High
$9.51
Day Low
$9.18
52 Week High
11/21/14 - $9.51
52 Week Low
08/4/14 - $7.16
Market Cap
3.1B
Average Volume 10 Days
5.4M
EPS TTM
$0.42
Shares Outstanding
338.6M
EX-Date
10/23/08
P/E TM
22.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for MGIC INVESTMENT CORP (MTG)

mgic investment corp (MTG) Related Businessweek News

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mgic investment corp (MTG) Details

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance coverage that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage; and bulk transactions, in which the individual loans in the insured portfolio are insured to specified levels of coverage. It also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. In addition, the company provides contract underwriting and related services; and various mortgage services, such as analysis of loan originations, loan portfolios, and servicing portfolios, as well as training and mortgage lead generation. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

819 Employees
Last Reported Date: 02/28/14
Founded in 1957

mgic investment corp (MTG) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $3.1M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $1.6M
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $1.7M
Executive Vice President of Risk Management -...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

mgic investment corp (MTG) Key Developments

Culver Plans to Retire as CEO of MGIC Investment Corp. in 2015

MGIC Investment Corp. announced Culver plans to retire from his position as CEO in 2015, staying on as non-executive chairman while the company transitions to new CEO Patrick Sinks.

MGIC Investment Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

MGIC Investment Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net income was $72.0 million, compared with a net income of $12.1 million for the same quarter a year ago. Diluted earnings per share were $0.18 for the quarter ending September 30, 2014, compared to diluted earnings per share of $0.04 for the same quarter a year ago. Total revenues for the third quarter were $235.1 million, compared with $254.4 million in the third quarter last year. Net premiums written for the quarter were $222.9 million, compared with $234.3 million for the same period last year. Income before tax was $72,266,000 against $12,450,000 a year ago. Book value per share was $2.91 against $2.08 a year ago. For the nine months, the company’s net income of $177.5 million, compared with a net loss of $48.4 million for the same period last year. Net premiums written were $654,310,000 against $719,400,000 a year ago. Total revenues were $701,433,000 against $787,494,000 a year ago. Income before tax was $179,614,000 against loss before tax of $45,976,000 a year ago. Diluted earnings per share were $0.45 against diluted loss per share of $0.16 a year ago.

MGIC Investment Corp. to Report Q3, 2014 Results on Oct 15, 2014

MGIC Investment Corp. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Oct 15, 2014

 

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Industry Analysis

MTG

Industry Average

Valuation MTG Industry Range
Price/Earnings 20.7x
Price/Sales 3.2x
Price/Book 3.2x
Price/Cash Flow 17.7x
TEV/Sales 1.6x
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