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MGIC Investment Corp (NYSE:MTG ) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET Company Participants Dianna Higgins - SVP, IR Timothy Mattke - CEO & Director Nathaniel Colson - EVP & CFO Conference Call Participants Mark DeVries - Barclays Bank Bose George - KBW Mihir Bhatia - Bank of America Merrill Lynch Geoffrey Dunn - Dowling & Partners Securities Eric Hagen - BTIG Douglas Harter - Crédit Suisse Operator Ladies and gentlemen, thank you for standing by, and welcome to the MGIC Investment Corporation Fourth Quarter 2022 Earnings Call. [Operator Instructions].
MGIC (MTG) delivered earnings and revenue surprises of 8.47% and 12.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
The housing market downturn doesn't appear to be affecting the private mortgage insurer yet.
MTG, SSL, CCEP, OKTA and EURN have been added to the Zacks Rank #1 (Strong Buy) List on January 16, 2022.
MTG, SSL and CCEP made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 16, 2022.
MGIC Investment Corporation is one of the leading mortgage insurance companies in the United States. The stock trades at just 84% of book, pays a 3.14% dividend and is buying back stock strategically while reducing debt.
MGIC Investment (MTG) stands to gain from fewer delinquency notices, favorable loss reserve development, higher persistency and a strong capital position.
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