BTIG Affirms MGIC Investment (MTG) at 'Buy' Following Stronger-than-Expected Q2 Results

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Go back to BTIG Affirms MGIC Investment (MTG) at 'Buy' Following Stronger-than-Expected Q2 Results

MGIC Investment Corporation Reports Second Quarter 2016 Results

July 19, 2016 6:45 AM EDT

MILWAUKEE, July 19, 2016 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported pretax income of $165.2 million for the quarter ended June 30, 2016 compared with $115.0 million for the same period last year.  For the quarter ended June 30, 2016 net income was $109.2 million, compared with a net income of $113.7 million for the same quarter a year ago. Diluted net income per share was $0.26 for the quarter ending June 30, 2016, compared to diluted net income per share of $0.28 for the same quarter a year ago.

Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance... More