MGIC Redux. Drilling Down Shows This Is Not '08 All Over Again [Seeking Alpha]
MGIC Investment Corporation (MTG)
Last mgic investment corporation earnings: 2/4 06:45 am
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US:NYSE Investor Relations:
mtg.mgic.com/investor-overview
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Source: Seeking Alpha
Summary Protections against huge losses are: A healthier housing market. Much better underwriting standards. Much more reinsurance coverage. A more active public policy response. Sorry, my piece on MGIC Investment Corp. (NYSE: MTG a week ago MGIC's current stock price assumes pretty close to another '08 My valuation model sums MGIC's three parts: Here are my new assumptions and evidence: $13.50 per share in net cash value. $5.50 per share in new business value. That's $18.50 per share in value so far. With the stock sitting at less than $7, Mr. Market implicitly values MGIC's $222 billion of insurance in force at ($11.50) per share. How does that compare to MGIC's losses from the housing bust? MGIC paid out nearly $16 billion in claims since 2008 due to '08 and prior business. MGIC has about the same insurance in force today as it did back at the end of '07, so let's call $16 billion of claims payments a "100% of an '08". So what percent of an '08 is Mr. Market assuming, after matc
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News
- MGIC Investment Corporation (NYSE:MTG) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? [Yahoo! Finance]Yahoo! Finance
- MGIC Investment Corporation (NYSE:MTG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Should You Buy MGIC Investment Corporation (NYSE:MTG) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
- MGIC Investment (MTG) Q1 Earnings Top, Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- MGIC (MTG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
MTG
Earnings
- 5/1/24 - Beat
MTG
Analyst Actions
- 4/4/24 - Keefe, Bruyette & Woods
MTG
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/3/24 - Form 4
- MTG's page on the SEC website