| Market Capitalization (Millions $) |
5,094 |
| Shares
Outstanding (Millions) |
389 |
| Employees |
800 |
| Revenues (TTM) (Millions $) |
1,090 |
| Net Income (TTM) (Millions $) |
478 |
| Cash Flow (TTM) (Millions $) |
64 |
| Capital Exp. (TTM) (Millions $) |
15 |
Mgic Investment Corp
MGIC Investment Corporation is a holding company which, through its wholly owned
subsidiary Mortgage Guaranty Insurance Corporation (“MGIC”), is the leading provider
of private mortgage insurance in the United States to the home mortgage lending
industry. Private mortgage insurance covers residential first mortgage loans and
expands home ownership opportunities by enabling people to purchase homes with
less than 20% down payments. If the homeowner defaults, private mortgage insurance
reduces and, in some instances, eliminates the loss to the insured institution.
Private mortgage insurance also facilitates the sale of low down payment and other
mortgage loans in the secondary mortgage market, including to the Federal National
Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation
(“Freddie Mac”) (Fannie Mae and Freddie Mac are collectively referred to as the
“GSEs”). In addition to mortgage insurance on first liens, the Company, through
other subsidiaries, provides lenders with various underwriting and other services
and products related to home mortgage lending.
| MTG is expected to report next financial results on October 22, 2018. |
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5.74%