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Mgic Investment Corp  (MTG)
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Price: $20.6000 $-0.39 -1.858%
Day's High: $21.05 Week Perf: -1.58 %
Day's Low: $ 20.63 30 Day Perf: 5.59 %
Volume (M): 193 52 Wk High: $ 21.21
Volume (M$): $ 3,978 52 Wk Avg: $17.04
Open: $20.89 52 Wk Low: $12.16



 Market Capitalization (Millions $) 5,898
 Shares Outstanding (Millions) 286
 Employees 800
 Revenues (TTM) (Millions $) 1,155
 Net Income (TTM) (Millions $) 713
 Cash Flow (TTM) (Millions $) 38
 Capital Exp. (TTM) (Millions $) 2

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.

Primary Insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure (collectively, the 'claim amount'). In addition to the loan principal, the claim amount is affected by the mortgage note rate and the time necessary to complete the foreclosure process. The insurer generally pays the coverage percentage of the claim amount specified in the primary policy, but has the option to pay 100% of the claim amount and acquire title to the property. Primary insurance generally applies to owner occupied, first mortgage loans on one-to-four family homes, including condominiums. Primary coverage can be used on any type of residential mortgage loan instrument approved by the mortgage insurer. References in this document to amounts of insurance written or in force, risk written or in force and other historical data related to MGIC's insurance refer only to direct (before giving effect to reinsurance) primary insurance, unless otherwise indicated.

Pool Insurance. Pool insurance is generally used as an additional 'credit enhancement' for certain secondary market mortgage transactions. Pool insurance generally covers the loss on a defaulted mortgage loan which exceeds the claim payment under the primary coverage, if primary insurance is required on that mortgage loan, as well as the total loss on a defaulted mortgage loan which did not require primary insurance. Pool insurance may have a stated aggregate loss limit and may also have a deductible under which no losses are paid by the insurer until losses exceed the deductible.

Risk Sharing Arrangements. MGIC's products include risk sharing arrangements with the GSEs and captive mortgage reinsurance in which an affiliate of a lender reinsures a portion of the risk on loans originated or purchased by the lender which have MGIC primary insurance.

Bulk Transactions. In bulk transactions, the individual loans in the insured portfolio are insured to specified levels of coverage. The premium in a bulk transaction, which is negotiated with the securitizer or other owner of the loans, is based on the mortgage insurer's evaluation of the overall risk of the insured loans included in the transaction and is often a composite rate applied to all of the loans in the transaction.

Customers

Originators of residential mortgage loans such as mortgage bankers, savings institutions, commercial banks, mortgage brokers, credit unions and other lenders have historically determined the placement of mortgage insurance written on flow basis and as a result are the customers of MGIC. To obtain primary insurance from MGIC written on flow basis, a mortgage lender must first apply for and receive a mortgage guaranty master policy ('Master Policy') from MGIC.

Competition. For flow business, MGIC and other private mortgage insurers compete directly with federal and state governmental and quasi-governmental agencies, principally the FHA and, to a lesser degree, the Veterans Administration ('VA').



   Company Address: 250 E. Kilbourn Avenue Milwaukee, 53202 WI
   Company Phone Number: 347-6480   Stock Exchange / Ticker: NYSE MTG
   


Customers Net Income fell by MTG's Customers Net Profit Margin fell to

-4.54 %

11.12 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Mgic Investment Corp

Property & Casualty Insurance Company Sees Modest EPS Boost Amidst Revenue Decline



The stock market is a dynamic and ever-changing landscape, with companies constantly striving to maximize their profits and deliver value to their shareholders. In the case of Property & Casualty Insurance company, the recent financial interval ending December 31, 2023, brought a mix of positive and negative news. While the company saw a decrease in revenue, it managed to raise its earnings per share (EPS), showcasing its ability to generate profits amidst changing market conditions. Let us explore the interesting facts from the company's financial performance during this period.
Revenue Decline and Modest Profit Growth
Despite a challenging market environment, the Property & Casualty Insurance company recorded a modest growth in profits. Profits per share increased by 3.43%, reaching $0.67 per share. This achievement is notable given the backdrop of a 2.839% decline in revenue, which amounted to $283.96 million. While the decline is concerning, the company's ability to improve its bottom line demonstrates its efficiency in controlling costs and managing its business operations.

Mgic Investment Corp

Mgic Investment Corp Witnesses Significant EPS Decline of -20.99% During Q3 of Fiscal Year 2023

The financial performance of Mgic Investment Corp in the July to September 30, 2023 fiscal time-frame is not inspiring, as it witnessed a significant decline in income despite a marginal revenue growth of 1.266%. The income decline of -20.99% is concerning and raises doubts about the company's ability to generate profits.
Comparing this performance to the previous reporting season, where the net profit per share decreased by -3.03% and revenue increased by only 2.006%, it is evident that Mgic Investment Corp is struggling to maintain its profitability. Furthermore, the company's revenue of $296.51 million and EPS of $0.64 fall short when compared to the growth of 14.56% achieved by the rest of the Property & Casualty Insurance sector during the same period.

Mgic Investment Corp

Mgic Investment Corp's Revenue Holds Steady Amidst a Challenging Q2, Outperforming Property & Casualty Insurance Industry

The Property & Casualty Insurance company recently released their fiscal second-quarter results, which were disappointing for investors. The company experienced a decrease in earnings per share (EPS) of -17.5% from $0.80 to $0.66. Additionally, their revenue depreciated by -0.833% to $290.68 million compared to the same period last year.
However, it is important to note that the decline in revenue for Mgic Investment Corp is not reflective of the entire Property & Casualty Insurance industry. In fact, the rest of the industry saw a rise in their top-line during the same period, making the performance of Mgic Investment Corp in this area even more concerning.

Mgic Investment Corp

Revitalizing Growth: A Minor Contraction in Revenue Spells Opportunity for Company in Q1 2023

As a human, I would like to caution investors to exercise prudence when considering Mgic Investment Corp's recent returns on investment. While the company achieved a return on average invested assets of 13.74% in the first quarter of 2023, such a return is above the company's average return on investment of 1.15%. Furthermore, news of a decrease in net income contributed to a decline in ROI relative to the previous period. Among companies within the same sector, at least 13 others had higher returns on investment.
Although the ranking for overall ROI has progressed from 588th at the close of the fourth quarter of 2022 to 215th at the close of the first quarter of 2023, it is important to note that Mgic Investment Corp released soft numbers for the recently closed fiscal interval ending March 31, 2023. The company's profitability and revenues decreased year-on-year. In addition, revenues and profits also fell quarter-on-quarter. Net earnings in the recently closed fiscal interval decreased by -11.69% compared to the corresponding period a year before.






 

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