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 ...

Industry Overview - Multiline insurers are expected to grow due to better pricing, prudent underwriting, increased exposure, and faster economic recovery, with the industry rising 5.4% year to date compared to the Finance sector's 3.8% increase [1] - Accelerated digitalization and an improving rate environment are anticipated to enhance the industry's operational efficiency and investment income [2] - The transition to green energy and related insurance products, along with exposure to intangible assets, presents growth opportunities for the industry [4] Company Analysis - MGIC Investment has a market capitalization of $5.6 billion and provides private mortgage insurance and related services, while Enact Holdings has a market capitalization of $4.7 billion and offers similar products [3] - MGIC Investment's shares have increased by 9% year to date, outperforming the industry's growth of 5.4% and Enact Holdings' rise of 4.3% [7] - MGIC Investment has a Return on Equity (ROE) of 15%, exceeding Enact Holdings' ROE of 14.6% and the industry average of 14.1% [22] - MGIC Investment's debt-to-capital ratio is 11.2, significantly lower than the industry average of 36.1 and Enact Holdings' 13.6, indicating better leverage [23] - MGIC Investment's net margin for the trailing 12 months was 62.8%, higher than Enact Holdings' 55.8%, suggesting better profitability [27] Comparative Metrics - The Zacks Consensus Estimate for Enact Holdings' 2024 revenues implies a year-over-year increase of 7.4%, while MGIC Investment's estimate suggests a 4.6% increase [14] - Enact Holdings has a dividend yield of 2.46%, which is better than MGIC Investment's 2.19% [25] - MGIC Investment has a VGM Score of B, while Enact Holdings has a VGM Score of C, indicating that MGIC Investment is better positioned [13]

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. ...

Financial Data and Key Metrics Changes - The company reported net income of $174 million for the first quarter, resulting in an annualized return on equity of 13.7% [3] - Book value per share increased to $18.97, up 14% compared to a year ago, driven by strong results and accretive share repurchases [15] - Adjusted net operating income was $0.65 per diluted share compared to $0.54 last year [31] Business Line Data and Key Metrics Changes - The company wrote $9 billion of new insurance during the quarter, with total insurance in force at $291 billion, down 0.5% from a year ago [9] - The loss ratio for the quarter was 2%, reflecting continued strong credit performance [13] - The in-force premium yield was 38.5 basis points, flat quarter-over-quarter [33] Market Data and Key Metrics Changes - The mortgage origination industry is facing challenges due to elevated interest rates and affordability issues, impacting the overall origination market [10] - Annual persistency ended the first quarter at 86%, remaining flat quarter-over-quarter [28] Company Strategy and Development Direction - The company is focused on maintaining financial strength and adapting to varying macroeconomic environments, with a capital structure that includes $6 billion of balance sheet capital [29] - A new $750 million share repurchase program was authorized, reflecting confidence in capital generation expectations [11][30] Management's Comments on Operating Environment and Future Outlook - Management noted uncertainties in the economic landscape but expressed optimism about the resilience of the housing market [17] - The company expects the level of new delinquency notices may increase due to seasoning of prior book years, but overall credit quality remains strong [14][27] Other Important Information - Operating expenses decreased to $61 million from $73 million in the first quarter last year, with expectations for full-year operating expenses in the range of $215 million to $225 million [16] - S&P upgraded the company's financial strength and credit ratings to A- and BBB- for the holding company, with a stable outlook [16] Q&A Session Summary Question: About the NIW growth this quarter - Management acknowledged a slight loss of market share but emphasized a disciplined pricing approach and long-term perspective [19] Question: On the reserve release in the quarter - Management provided insights on the vintage of origination related to reserve releases, indicating a focus on recent delinquencies [40] Question: On the $750 million buyback decision - Management explained the rationale behind the buyback figure, considering macroeconomic scenarios and capital generation expectations [41] Question: Cure activity in the quarter - Management discussed the return of seasonality in cure activity and its broad-based nature across various loan characteristics [55] Question: Embedded equity in delinquent inventory - Management shared that the delinquent inventory is around 2%, with a focus on tail scenarios rather than average home price appreciation [44] Question: Delinquency rates normalization - Management indicated that delinquency rates may normalize in the 2% to 3% range, depending on macroeconomic conditions [62]

For the quarter ended March 2024, MGIC Investment (MTG) reported revenue of $302.87 million, up 3.8% over the same period last year. EPS came in at $0.65, compared to $0.54 in the year-ago quarter.The reported revenue represents a surprise of -0.40% over the Zacks Consensus Estimate of $304.08 million. With the consensus EPS estimate being $0.60, the EPS surprise was +8.33%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...