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Last $9.43 USD
Change Today +0.03 / 0.32%
Volume 3.0M
As of 4:15 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

mgic investment corp (MTG) Snapshot

Open
$9.39
Previous Close
$9.40
Day High
$9.44
Day Low
$9.28
52 Week High
03/24/15 - $9.96
52 Week Low
08/4/14 - $7.16
Market Cap
3.2B
Average Volume 10 Days
6.1M
EPS TTM
$0.64
Shares Outstanding
339.3M
EX-Date
10/23/08
P/E TM
14.8x
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 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; and pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage. It also provides contract underwriting services; and other services, such as analysis of loan originations, loan portfolios, and servicing portfolios, as well as training and mortgage lead generation services. In addition, the company participates in external reinsurance arrangements and captive mortgage reinsurance arrangements. 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.

800 Employees
Last Reported Date: 02/27/15
Founded in 1957

mgic investment corp (MTG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $618.6K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $327.7K
Executive Vice President, General Counsel and...
Total Annual Compensation: $774.4K
Executive Vice President of Risk Management
Total Annual Compensation: $498.5K
Compensation as of Fiscal Year 2014.

mgic investment corp (MTG) Key Developments

MGIC Investment Corp. Presents at AIFA Annual Conference, Mar-01-2015

MGIC Investment Corp. Presents at AIFA Annual Conference, Mar-01-2015 . Venue: Naples Grande Beach Resort, 475 Seagare Drive, Naples, Florida, United States.

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

 

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Industry Analysis

MTG

Industry Average

Valuation MTG Industry Range
Price/Earnings 15.4x
Price/Sales 4.3x
Price/Book 3.1x
Price/Cash Flow 12.7x
TEV/Sales 1.8x
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