Have you been paying attention to shares of MGIC Investment (MTG) ? Shares have been on the move with the stock up 14.7% over the past month. The stock hit a new 52-week high of $25.35 in the previous session. MGIC Investment has gained 28.8% since the start of the year compared to the 13.9% move for the Zacks Finance sector and the 15.3% return for the Zacks Insurance - Multi line industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed o ...

MGIC Investment (MTG) reported $305.55 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 3.4%. EPS of $0.77 for the same period compares to $0.68 a year ago. The reported revenue represents a surprise of +0.61% over the Zacks Consensus Estimate of $303.7 million. With the consensus EPS estimate being $0.62, the EPS surprise was +24.19%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Below, we take a look at MGIC Investment (M ...

MILWAUKEE, July 25, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced that its Board of Directors declared a quarterly cash dividend of $0.13 per share, an increase of 13% from the last quarterly dividend paid of $0.115 per share. This quarter's dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024. Mortgage Guaranty Insurance Corporation ("MGIC") (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, serves lenders throughout the ...

The Insurance - Multi line industry may rank in the bottom 63% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for MTG and HG, even beyond their own solid fundamental situation. We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, MGIC currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong ...

MILWAUKEE, July 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its second quarter 2024 financial results after the market closes on Wednesday, July 31, 2024. A conference call/webcast has been scheduled for 10:00 a.m. Eastern Time on Thursday, August 1, 2024, to discuss the Company's results for the quarter ended June 30, 2024. Individuals interested in joining by telephone should register for the call "here" to receive the dial-in number and unique PIN to acc ...

MGIC Investment Corporation's (MTG) solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment make it worth retaining in one's portfolio. The Zacks Consensus Estimate for MGIC Investment's 2024 revenues is pegged at $1.22 billion, implying a year-over-year improvement of 4.7%. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 3.3% and 4.8%, respectively, from the corresponding 2 ...

Better pricing, prudent underwriting, increased exposure and faster economic recovery should help Multiline insurers to grow. The industry has risen 5.4% year to date compared with the Finance sector's increase of 3.8%. The Zacks S&P 500 composite has witnessed an increase of 15% in the said time frame. Product diversification helps insurance industry players lower concentration risk and improve retention ratio. Accelerated digitalization will help the industry function smoothly. An improving rate environme ...

This multi-line insurer carries a Zacks Rank #3 (Hold) at present. The company's earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 15.45%. Will the Bull Run Continue? The Zacks Consensus Estimate for MGIC Investment's 2024 revenues is pegged at $1.23 billion, implying a year-over-year improvement of 5.4%. The consensus estimate for 2025 earnings per share and revenues indicates a year-over-year increase of 3.9% and 4.6%, respectively, from the corresponding 202 ...

MGIC Investment Corporation (MTG) reported first-quarter 2024 operating net income per share of 65 cents, which beat the Zacks Consensus Estimate by 8.3%. The better-than-expected earnings were driven by higher net investment income and lower underwriting and other expenses. The insurer continues to benefit from favorable credit trends and the resiliency of the housing market.  The bottom line improved 20.3% year over year.MGIC Investment recorded total operating revenues of $303 million, which increased 3. ...