MTG Stock Recent News

MGIC (MTG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

MGIC (MTG) reported earnings 30 days ago. What's next for the stock?

MGIC Investment (MTG) stands to gain from solid insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment.

MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend. Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4. MGIC's stock remains cheap with a P/E ratio of 7.5 and a cash return of 13.4%, making it an attractive investment option.

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.