MTG Stock Recent News
MTG LATEST HEADLINES
The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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).
Better pricing, product redesigns, technological advancement, high inflation and rate rise are expected to aid multiline insurers like MET, AIG, HIG, EG and MTG.
Solid insurance in force, a decline in loss and claims payments and lower delinquency poise MGIC Investment (MTG) for growth. However, an increase in underwriting and other expenses weigh on margins.
MGIC Investment (MTG) Q2 results reflect higher insurance in force and net investment income, partially offset by higher expenses and lower premiums.
The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MGIC Investment (MTG) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.81 per share a year ago.
Shares of MGIC Investment Corp. MTG, +0.33% rose 0.4% toward a 15-year high, after the mortgage insurance company raised its dividend by 15%. Shareholders of record on Aug. 10 will be paid, on Aug. 24, a quarterly dividend of 11.5 cents a share, which is up from a previous dividend of 10.0 cents a share.
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 Investment (MTG) stock rallies on the back of higher insurance in force, favorable loss reserve development, new business rewriting and prudent capital deployment.