MGIC Investment Corporation
New York Stock ExchangeCapital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Timothy James Mattke
- Full Time Employees
- 542
- Sector
- Financial Services
- Industry
- Insurance - Specialty
- Address
- 250 East Kilbourn Avenue Milwaukee WI United States of America 53202
- IPO Date
- Aug 7, 1991
- CIK
- 0000876437
- Website
- mtg.mgic.com
- Similar Companies
- Business
- MGIC Investment Corporation (NYSE: MTG), founded in 1957 and headquartered in Milwaukee, Wisconsin, operates as a holding company that, through wholly-owned subsidiaries including Mortgage Guaranty Insurance Corporation, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services such as underwriting and products related to home mortgage lending to lenders throughout the United States, Puerto Rico, and Guam. The company offers core products including primary mortgage insurance for homebuyers with low down payments, pool mortgage insurance, and excess-of-loss reinsurance arrangements; insurance premiums constitute the majority of revenue, supplemented by investment income, with primary exposure in states such as California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia, and New York. In recent developments, MGIC amended its 2022 quota share reinsurance transaction to reduce the cede rate from 30% to 28% effective December 31, 2025, agreed to a new 40% quota share reinsurance transaction covering eligible new insurance written in 2027, executed two excess-of-loss reinsurance deals providing $344 million in coverage for new defaults in the first half of 2025 and additional $250 million effective December 1, 2025, repurchased approximately 7 million shares for $188 million in the third quarter of 2025 and announced an additional $750 million share repurchase program through 2027, increased its quarterly dividend by 15% to $0.15 per share, became the first mortgage insurer to directly manage its functionality within the ICE Mortgage Technology Encompass Partner Connect platform in October 2025 to accelerate product enhancements, and received a positive outlook revision from S&P along with Moody's ratings upgrades in 2025 reflecting robust capital adequacy and profitability.
Company News
Why MGIC Investment (MTG) is a Great Dividend Stock Right Now
The Next Mortgage Shock Has Been Scheduled — Homeowners Could See Their Monthly Payments Jump $1,066 in 2027
MGIC Investment Corporation Schedules 3rd Quarter 2026 Earnings Call
Analyzing MGIC Investment (NYSE:MTG) and Repay (NASDAQ:RPAY)
Why MGIC Investment (MTG) is a Top Dividend Stock for Your Portfolio
5 Top Multi-Line Insurance Stocks to Buy as Interest Rates Stay Higher
Block (NYSE:XYZ) vs. MGIC Investment (NYSE:MTG) Head to Head Comparison
Best Momentum Stocks to Buy for September 17th
New Strong Buy Stocks for September 17th
Corient Private Wealth LP Has $9.93 Million Stake in MGIC Investment Corporation $MTG
MGIC Investment Corp (MTG) Shares Fall 3.1% -- GF Value Says Still Overvalued
Best Value Stocks to Buy for September 15th
MGIC Investment (MTG) is a Top Dividend Stock Right Now: Should You Buy?
MTG Hits 52-Week High: Time to Buy the Stock for Solid Returns?
MTG's Strong Fundamentals Support Earnings and Capital Returns
MGIC (MTG) Up 2.1% Since Last Earnings Report: Can It Continue?
Teledyne Space Imaging CIS111 Detector Launches Aboard MTG-I2
Bank of New York Mellon Corp Invests $51.06 Million in MGIC Investment Corporation $MTG
New Strong Buy Stocks for August 26th
Best Value Stocks to Buy for August 26th