Last $8.76 USD
Change Today +0.15 / 1.74%
Volume 3.5M
MTG On Other Exchanges
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As of 8:04 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

mgic investment corp (MTG) Snapshot

Open
$8.62
Previous Close
$8.61
Day High
$8.76
Day Low
$8.56
52 Week High
12/8/14 - $9.67
52 Week Low
08/4/14 - $7.16
Market Cap
3.0B
Average Volume 10 Days
5.4M
EPS TTM
$0.64
Shares Outstanding
338.6M
EX-Date
10/23/08
P/E TM
13.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for MGIC INVESTMENT CORP (MTG)

mgic investment corp (MTG) Related Businessweek News

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mgic investment corp (MTG) Details

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance coverage that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage; and bulk transactions, in which the individual loans in the insured portfolio are insured to specified levels of coverage. It also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. In addition, the company provides contract underwriting and related services; and various mortgage services, such as analysis of loan originations, loan portfolios, and servicing portfolios, as well as training and mortgage lead generation. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

mgic investment corp (MTG) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $3.1M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $1.6M
Executive Vice President, General Counsel and...
Total Annual Compensation: $1.7M
Executive Vice President of Risk Management
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

mgic investment corp (MTG) Key Developments

MGIC Investment Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for Fourth Quarter of 2014

MGIC Investment Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s reported total revenues for the third quarter were $240,364,000 compared with $251,941,000 a year ago. Profit before tax was $75,109,000 against loss before tax of $1,407,000 a year ago. Net income was $74,428,000 compared with net loss of $1,407,000 for the same quarter a year ago. Diluted earnings per share were $0.19 compared to loss per share of $0.00 for the same quarter a year ago. For the year, the company’s total revenues were $941,797,000 compared with $1,039,435,000 a year ago. Profit before tax was $254,723,000 against loss before tax of $46,152,000 a year ago. Net income was $251,949,000 compared with net loss of $49,848,000 for the same quarter a year ago. Diluted earnings per share were $0.64 compared to loss per share of $0.16 for the same quarter a year ago. Book value per share as at December 31, 2014 was $3.06 compared to $2.20 a year ago. For the fourth quarter, the company recorded net impairment losses recognized in earnings was $144,000 against nil a year ago.

MGIC Investment Corp. to Report Q4, 2014 Results on Jan 20, 2015

MGIC Investment Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Jan 20, 2015

MGIC Investment Corp., Q4 2014 Earnings Call, Jan 20, 2015

MGIC Investment Corp., Q4 2014 Earnings Call, Jan 20, 2015

 

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Industry Analysis

MTG

Industry Average

Valuation MTG Industry Range
Price/Earnings 14.1x
Price/Sales 3.9x
Price/Book 2.8x
Price/Cash Flow 11.6x
TEV/Sales 1.5x
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