MGIC Investment Corporation Reports First Quarter 2024 Results
MGIC Investment Corporation (MTG)
Last mgic investment corporation earnings: 2/4 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
mtg.mgic.com/investor-overview
Company Research
Source: PR Newswire
First Quarter 2024 Net Income of $174.1 million or $0.64 per Diluted ShareFirst Quarter 2024 Adjusted Net Operating Income (Non-GAAP) of $178.4 million or $0.65 per Diluted ShareMILWAUKEE, May 1, 2024 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2024.Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We began the year with a solid quarter generating net income of $174 million, delivering a return on equity of 13.7%, and increasing book value per share by 14.5% year-over-year while returning meaningful capital to our shareholders. We continue to benefit from favorable credit trends and the resiliency of the housing market. We remain confident in our position in the market and ability to execute our business strategies."SUMMARY FINANCIAL METRICSQuarter ended ($ in millions, except where otherwise noted)Q1 2024Q4 2023Q1 2023New insurance written (NIW) (billions)$
Show less
Read more
Impact Snapshot
Event Time:
MTG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTG alerts
High impacting MGIC Investment Corporation news events
Weekly update
A roundup of the hottest topics
MTG
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
- 5/9/24 - Form 144
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- MTG's page on the SEC website