MGIC Investment Corporation Reports Third Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
MGIC Investment (MTG) Tops Q3 EPS by 6c, Revenues Beat
October 22, 2019 6:47 AM EDTMGIC Investment (NYSE: MTG) reported Q3 EPS of $0.48, $0.06 better than the analyst estimate of $0.42. Revenue for the quarter came in at $318.38 million versus the consensus estimate of $299.38 million.
Third Quarter Summary
New Insurance Written of $19.1 billion, compared to $14.5 billion in the third quarter of 2018.Insurance in force of $218.1 billion at September 30, 2019 increased by 2.0% during the quarter and 6.0% compared to September 30, 2018.Primary delinquency inventory of 29,940 loans at September 30, 2019 decreased from 32,898 loans at December 31, 2018. Our primary delinquency inventory declined 10.4% year-over-year from 33,398 loans at September 30, 2018.Insurance written in 2008 and before accounted for... More