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MGIC Investment Q4 2022 Earnings Report

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$23.68 +0.02 (+0.08%)
(As of 05:26 PM ET)

MGIC Investment EPS Results

Actual EPS
$0.64
Consensus EPS
$0.59
Beat/Miss
Beat by +$0.05
One Year Ago EPS
$0.61

MGIC Investment Revenue Results

Actual Revenue
$292.25 million
Expected Revenue
$295.17 million
Beat/Miss
Missed by -$2.92 million
YoY Revenue Growth
-0.60%

MGIC Investment Announcement Details

Quarter
Q4 2022
Time
After Market Closes

Conference Call Resources

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MGIC Investment Earnings Headlines

MGIC Investment (MTG) was downgraded to a Hold Rating at KBW
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MGIC Investment downgraded to Underperform from Buy at BofA
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About MGIC Investment

MGIC Investment (NYSE:MTG), through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

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