MTG / MGIC (MTG) Upgraded to Strong Buy: Here's Why

MGIC Investment Corporation (NYSE:MTG ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Dianna Higgins - Head of IR more_horizontal

MGIC Investment (MTG) third-quarter earnings reflect higher insurance in force, premiums and net investment income, partially offset by an increase in more_horizontal

The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compa more_horizontal

MGIC (MTG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). more_horizontal

Solid insurance in force, a decline in loss and claims payments and lower delinquency poise MGIC Investment (MTG) for growth. However, an increase in more_horizontal

MGIC Investment (MTG) Q2 results reflect higher insurance in force and net investment income, partially offset by higher expenses and lower premiums. more_horizontal

The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare so more_horizontal

MGIC Investment (MTG) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to e more_horizontal