Summary
MGC Chart
All You Need to Know About MGIC (MTG) Rating Upgrade to Buy
MGIC (MTG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Why Is MGIC (MTG) Up 3.2% Since Last Earnings Report?
MGIC (MTG) reported earnings 30 days ago. What's next for the stock?
MTG or ZURVY: Which Is the Better Value Stock Right Now?
Investors with an interest in Insurance - Multi line stocks have likely encountered both MGIC Investment (MTG) and Zurich Insurance Group Ltd. (ZURVY). But which of these two stocks presents investors with the better value opportunity right now?
MGIC Investment Corporation (MGC) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
What is the earnings per share?
When is the next earnings date?
Has MGIC Investment Corporation ever had a stock split?
MGIC Investment Corporation Profile
| - Industry | - Sector | Timothy James Mattke CPA CEO | XSTU Exchange | US5528481030 ISIN |
| US Country | 555 Employees | 6 Nov 2025 Last Dividend | 3 Jun 1997 Last Split | 6 Aug 1991 IPO Date |
Overview
MGIC Investment Corporation operates in the United States, the District of Columbia, Puerto Rico, and Guam, providing a suite of services through its subsidiaries that focus on private mortgage insurance and other mortgage credit risk management solutions. It also offers ancillary services tailored for lenders and government-sponsored entities. Since its inception in 1957, MGIC Investment Corporation has established its headquarters in Milwaukee, Wisconsin, serving a diverse clientele that includes savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders.
Products and Services
- Primary Mortgage Insurance:
This service offers mortgage default protection on individual loans. It covers unpaid loan principal, delinquent interest, and various expenses associated with default and subsequent foreclosure. Primarily, it serves as a risk mitigation tool for lenders, ensuring that they are protected in the event of a borrower's failure to meet their mortgage obligations.
- Pool Insurance:
Targeted at secondary market mortgage transactions, this service provides a layer of protection for mortgage pools. By insuring a pool of mortgages, MGIC reduces the risk to investors, making the mortgage-backed securities derived from these pools more attractive and secure investments.
- Contract Underwriting Services:
MGIC offers underwriting services on a contractual basis, leveraging its expertise to assess mortgage applications on behalf of its clients. This service encompasses a rigorous evaluation of the borrower's creditworthiness, property value, and other risk factors associated with the mortgage application.
- Reinsurance:
As part of its comprehensive risk management solutions, MGIC provides reinsurance services, offering an additional layer of protection against mortgage loan defaults. This service is designed to spread the risk of loan defaults, making it a valuable tool for lenders looking to manage their exposure to mortgage credit risk.
Contact Information
