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MGIC Investment Corporation

5/21/2013, 7:46 PM ET

Quote & Headlines Market Currents StockTalk

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Monday, May 20, 9:34 AM Red-hot mortgage insurers (RND, MTG, GNW) become hedge-fund hotels as analysis of March 31 filings showed a number of well-known funds starting or adding to big stakes. The group is as leveraged to the improvement of the housing market and mortgage credit as anything else out there, says KBW's Bose George. MTG over $5/share (it's over $6 now) is a wager on the government's ability to transform the U.S. housing finance market," says a contrary Jason Stewart. "Historically, this wager has been met with outcomes most ... would classify as massively disappointing." Comment! [Financials]
Wednesday, May 8, 7:42 AM MGIC (MTG) monthly operating statistics for April shows ending delinquent inventory of 122.055 loans vs. 126,610 at the start of the month. New insurance written is $2.4B, same as March. (PR) Comment! [Financials]
Tuesday, May 7, 9:54 AM Radian Guaranty (RDN +1.9%) delinquency data for April shows ending delinquent inventory of 81,577 loans vs. 85,109 at the month's start. New insurance written during the month of $4.12B. Mortgage insurers continue to bask in the glow of MBIA's (MBI +0.8%) settlement with BofA yesterday. MGIC (MTG +2.9%), Assured Guaranty (AGO +1.1%). (PR) Comment! [Financials, On the Move]
Monday, May 6, 12:21 PM Flying higher along with MBIA on the settlement with BofA are mortgage insurers Radian (RDN +4.6%), MGIC (MTG +7.2%), and Assured Guaranty (AGO +6%). Comment! [Financials, On the Move]
Friday, May 3, 10:30 AM Mortgage insurance firms continue a nice run, helped by AIG, where income at its mortgage insurance arm (United Guaranty) jumped to $41M from $8M a year ago. On the CC, execs offered a brighter outlook for the business than Genworth (GNW +1.8%) did earlier in the week, reports Erik Holm. In an SA Pro article just released from embargo, SA Pro author Oliver Davies again makes his case for MGIC (MTG +3.8%) over Radian (RDN +3.8%). Comment! [Financials, On the Move]
Tuesday, April 30, 9:10 AM Premarket gainers: HPY +10%. HTWR +9%. ANAD +9%. AVP +8%. UBS +7%. BBY +6%.
Losers: DCTH -20%. AVEO -16%. NUAN -15%. PBI -10%. MTG -8%. CNH -6%. RVBD -6%. QGEN -5%. Comment! [On the Move]
Tuesday, April 30, 7:28 AM More on MGIC Investment (MTG) Q1 earnings: New insurance written of $6.5B, up 35% Y/Y. Persistency - the % of insurance remaining in force for 1 year - falls to 78.7% from 82.2% a year ago. 10.91% of loans delinquent vs. 12.84% a year ago. Losses of $266.2M, down from $337.1M a year ago as default notices dropped. As has become custom with this stock, the "risk factors" go on for pages and pages. Shares - which have doubled this year - take a breather, -3.7% premarket. Conference call at 10 ET. (PR) Comment! [Earnings, Financials, On the Move]
Tuesday, April 30, 7:05 AM MGIC Investment (MTG): Q1 EPS of -$0.31 misses by $0.15. Revenue of $269.2M misses by $12.11M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, April 30, 12:05 AM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS Comment! [Earnings]
Monday, April 29, 5:30 PM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS 1 Comment [Earnings]
Thursday, April 4, 2:39 PM MGIC Investment (MTG +2.1%) wrote $2.4B in new insurance in March, up from $1.9B previously. The ending inventory of delinquent loans falls to 126,610 from 133,125 previously. (PR) Comment! [Financials]
Thursday, April 4, 12:59 PM Genworth Financial (GNW), Radian (RDN), MGIC Investment (MTG) and AIG's United Guaranty settle with the CFPB, agreeing to pay $15M to resolve allegations they offered kickbacks to mortgage lenders in exchange for business. The insurers neither admitted nor denied wrongdoing. Comment! [Financials]
Friday, March 22, 5:44 PM After-hours top gainers, as of 5:15 p.m.: SFD +6%. REGI +6%. GTI +4%. FIVE +4%. KWK +4%.
After-hours top losers: IDIX -10%. TTS -6%. SVU -4%. MTG -3%. ARNA -2%. 3 Comments [On the Move]
Monday, March 11, 10:54 AM A group of MGIC (MTG +4.8%) executives together purchased 190K shares of stock on Thursday as the price was receding a bit from its recent doubling. Comment! [Financials]
Monday, March 11, 8:09 AM Genworth (GNW) gains 8.2% premarket after a Barron's feature reminds the shares - which have doubled in the last 6 months - could double again and still just trade at book value. Like with RDN and MTG, the surging mortgage market combined with the pullback of the FHA from mortgage insurance will be the key catalyst. 1 Comment [Financials, On the Move]
Friday, March 8, 12:45 PM MGIC Investment (MTG) is upgraded to B- from CCC+ by S&P, citing the firm's capital raise this week. S&P expects the money to be mostly used to shore up the capital position of the insurance subsidiaries and nearly eliminates the chance of a "regulatory take-over." Comment! [Financials]

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