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MGIC (MTG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
MGIC Investment Corporation (MTG) Q4 2023 Earnings Call Transcript
MGIC Investment's (MTG) fourth-quarter results gain from higher net investment income and lower underwriting and other expenses. Lower net premiums written partially offset the positives.
While the top- and bottom-line numbers for MGIC (MTG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and a solid capital position MGIC Investment (MTG) well for growth.
MGIC Investment (MTG) stock rallies on the back of higher insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MGIC (MTG) reported earnings 30 days ago. What's next for the stock?
MGIC Investment Corporation (NYSE:MTG ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Dianna Higgins - Head of IR Tim Mattke - CEO Nathan Colson - CFO Conference Call Participants Bose George - KBW Nate Richam - Bank of America Scott Heleniak - RBC Capital Markets Eric Hagen - BTIG Operator Ladies and gentlemen, thank you for standing by, and welcome to the MGIC Investment Corporation Third Quarter 2023 Earnings Call. At this time, all lines have been placed on mute to prevent any background noise.
MGIC Investment (MTG) third-quarter earnings reflect higher insurance in force, premiums and net investment income, partially offset by an increase in expense.