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MGIC Investment up 3% after earnings beat

Oct. 18, 2016 8:12 AM ETMGIC Investment Corporation (MTG) StockMTGBy: Stephen Alpher, SA News Editor
  • Q3 net operating income of $102.2M or $0.25 per share vs. $83.1M and $0.20 one year ago.
  • New insurance written of $14.2B up 14.4% Y/Y. Insurance in force grows 4.3% to $180.1B.
  • Primary delinquent loans of 51.433 down 20.4% Y/Y.
  • Annual persistency slips to 78.3% from 80%.
  • Book value per share of $7.48 up from $6.33.
  • Conference call at 10 ET
  • Previously: MGIC Investment beats by $0.06, beats on revenue (Oct. 18)
  • MTG +3% in thin premarket action.

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