MGIC Investment Corporation (MTG)

Prev Close 16.43
Day Low/High 16.41 / 16.59
52 Wk Low/High 9.42 / 16.62
Exchange NYSE
Shares Outstanding 339.32B
Market Cap 5.58B
P/E Ratio 9.46
Div & Yield N.A. (N.A)

Latest News

Investment Principles 101

Investment Principles 101

Here I'll walk you through some basic, but key, principles of investing, and how they've worked in my own stocks.

Let's Make Some MGIC

Let's Make Some MGIC

Here's how to play often-volatile MGIC Investment Corp., the company that invented private mortgage insurance.

Recommended Viewing - A Blast From the Past

* The financial system was imperiled in late summer 2007 though the bulls argued the Fed will come to our rescue * With the benefit of hindsight, the Fed was not successful * Sound familiar? Here is a great debate I had with Jon Najarian on Fast Mon...

Sold Radian

Reluctantly I have sold my entire Radian long position and I am taking the shares off of my Best Ideas List.  As I have written the private mortgage insurance companies have had a difficult few weeks based on two factors:  * Freddie Mac recently unv...

Radian and MGIC's Premium Rates Cut

* A more competitive private mortgage industry rate environment lies ahead * Long term earnings power and ROE objectives will be modestly reduced * Shares trade near the 2016 valuation trough The announcement by private mortgage insurer MGIC to cut ...

Radian Lower on MGIC Premium Cut

Private mortgage insurance stocks are getting schmeissed off of a decision by MGIC to lower premium rates. I am digesting the news and have a call into Radian .

A Radiant Quarter

I plan to leave by about 2 pm EST for some golf with my son in LA -- I am returning tomorrow to Florida. So I wont have time to deliver my complete analysis of Radian until Monday. Suffice to say, this was, following MGIC's January beat, an expected...

Good News for Our Radian Long

Mortgage insurer MGIC Investment Corp. reported a sharp gain in earnings per share relative to expectations, which should bode well for rival Radian Group , which I went long on earlier today. MGIC's earnings per share came in at $0.43 compared to a...

Radian Hits 52-Week High on Prospects for Private Mortgage Insurers

Radian has hit a new 52- week high on continued chatter that the Administration will shrink the role and footprint of the Federal Housing Administration - providing market share opportunities for the private mortgage insurance companies. Here is wha...

More Public Thoughts on Private Mortgage Insurers

"We continue to believe, based on our discussions with various parties in the (Trump administration), that the FHA will not look to expand its footprint in housing finance in the foreseeable future." --Pat Sinks, MGIC CEO (third-quarter conference c...

Mortgage Insurers Rally

With both MGIC and Radian rallying smartly , I suspect my information discussed in the Diary on reduced FHA exposure to private mortgage insurance is real and could be imminent . I bought small RDN back this morning -- but, frankly I don't love the ...

Trump Plan to Limit FHA Could Boost Radian

I recently sold out the balance of my Radian long as the stock approached my year end target. That said, I am hearing from my Washington DC contacts that the Trump White House may shortly announce a well anticipated plan to limit/reduce the footprin...

Tax Proposal Hits Mortgage Insurers

I have been out of the loop today but I suspect Radian Group   MGIC Investment and the private mortgage insurers are down based on the tax reform proposals that will limit mortgage interest deductability.   I would be a $18 buyer of RDN.  

MGIC Results Could Give Radian a Boost

For those still long Radian Group , the better-than-expected bottom line recorded by MGIC Investment Corp. (lower-than-anticipated losses) should buoy Radian's shares.

Scenes I Would Like to See

With apologies to Mad Magazine, here are some scenes I would like to see over the next few months:  Pfizer acquires Allergan . Zurich Insurance announces the takeover of Hartford Financial . Berkshire Hathaway acquires Campbell Soup . MGIC and Radia...

Bullish and Bearish Reversals for This Week

Bullish and Bearish Reversals for This Week

Bearish names dominate this week and financials in particular.

My Takeaways and Observations (Early Edition)

I had my most active day of the year trading. It was also my most profitable.   Regardless of one's market view, I continue to see more opportunities on the trading side vs. the investing side in the months ahead.   I started the day with a story re...

Skies Brighten for Private Mortgage Insurance

Two factors could contribute to another leg higher in private mortgage industry shares:  Reduced FHA Involvement in Mortgage Insurance: News that HUD Secretary-Designate Ben Carson has recommended and President-Elect Trump may issue an executive ord...

MGIC Beat Portends Good Things for Radian

A large earnings beat by private mortgage insurer MGIC relative to expectations likely will move Radian Group well above its recent high.

MGIC Earnings Beat Gives Radian a Boost

Private mortgage insurer MGIC Investment recorded a large quarterly five-cent beat ($0.25 vs. $0.20 consensus estimate); its shares are up 3% this morning. This is helping the shares of Radian Group , which is reporting on Oct. 28, move to new recen...

Mortgage Insurers Catch the Eye of EJF Capital

Mortgage Insurers Catch the Eye of EJF Capital

13F filing also reveals acquisitions in small banks and real estate.

Bullish and Bearish Reversals for the Week

Bullish and Bearish Reversals for the Week

Chipotle, Wendy's on the bull side and gold stocks on the bear side.

Things Look Sunny for Radian

Mortgage insurer Radian should trade higher today after rival MGIC Investment Corp. reported a big earnings beat this morning. MGIG earned $0.26 per share vs. the $0.20 that analysts had expected. The firm also beat expectations on premiums written ...

My Shopping List

The stocks I'll buy on any more weakness are Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC), Bank of America (BAC), Twitter (TWTR), Potash Corp. (POT), Yahoo! (YHOO), Google (GOOG), SunEdison (SUNE), Radian (RDN), MGIC (MTG), Alibaba (BABA) ...

The Feds Spook the Housing Industry

The Feds Spook the Housing Industry

Fear of more intervention may be causing REITs and other housing-related stocks to sag.

The Best Charts in the Book Are All in Breakout Mode

The Best Charts in the Book Are All in Breakout Mode

The strongest sector right now is benefiting from interest rates talk.

In Case You Missed It

Here is yesterday late post on on the new capital rules facing the mortgage insurance industry. For those that didn't see my late post yesterday evening on the new capital rules facing the mortgage insurance industry, here is my post in its entirety...

The Real Skeleton in the European Banking Closet

EU banks' balance sheets are filled with artificially priced and inflated notes and bonds. I spent the better part of the early part of my Wall Street career following the banks. I have some Street cred. It all began when I was a Nader Raider, and I...