MTG Stock Recent News

Does MGIC Investment (MTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

MGIC (MTG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Given the U.S. housing market expected to grow at a slow rate, downward pressure on home prices and intense competition, it is wise to stay cautious on MTG.

MGIC Investment: A Junk Bond Earnings Yield With Growth

MTG's fourth quarter results higher new insurance written, improved net investment income, and higher insurance in force.

MGIC Investment Corporation (NYSE:MTG ) Q4 2024 Earnings Conference Call February 4, 2025 10:00 AM ET Company Participants Dianna Higgins - Head of Investor Relations Tim Mattke - Chief Executive Officer Nathan Colson - Chief Financial Officer and Chief Risk Officer Conference Call Participants Terry Ma - Barclays Mihir Bhatia - Bank of America Bose George - KBW Douglas Harter - UBS Scott Heleniak - RBC Capital Markets Geoffrey Dunn - Dowling & Partners Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Q4 2024 MGIC Investment Corporation Earnings Conference Call.

Although the revenue and EPS for MGIC (MTG) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

MGIC Investment (MTG) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.67 per share a year ago.

Fourth Quarter 2024 Net Income of $184.7 million or $0.72 per Diluted Share Fourth Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $184.5 million or $0.72  per Diluted Share Full Year 2024 Net Income of $763.0 million or $2.89 per Diluted Share Full Year 2024 Adjusted Net Operating Income (Non-GAAP) of $768.5 million or $2.91 per Diluted Share MILWAUKEE , Feb. 3, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2024. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "As we close another year on a high note with strong financial results in the fourth quarter while returning meaningful capital to our shareholders, I am looking forward to the opportunities that lie before us in the new year.

MILWAUKEE , Jan. 28, 2025 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, payable on March 5, 2025, to shareholders of record as of February 18, 2025.  About MGIC Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the United States, helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.