MTG Earnings Prediction
The chart below shows how MTG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MTG sees a -2.06% change in stock price 10 days leading up to the earnings, and a +1.39% change 10 days following the report. On the earnings day itself, the stock moves by -0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
MTG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
306.65M
3.42%
0.45%
Gross Margin
--
--
--
Operating Margin
85.83%
4.45%
-2.50%
Net Margin
65.21%
5.74%
-2.53%
EPS
0.77
20.31%
0.00%
No Data Available
MTG Earnings Analysis
MGIC Investment Corp. Corporation (MTG.N) Earnings Conference Call
Positive
Net Income and ROE: In the third quarter, we earned net income of $200 million and generated an annualized return on equity of 15.6%.
Insurance Metrics Update: Insurance in force ended the quarter at $293 billion, up slightly quarter-over-quarter, with annual persistency ending the quarter at 85%, flat compared to the last quarter.
New Insurance Growth: We wrote $17.2 billion of new insurance in the quarter, up 27% from the prior quarter.
Share Repurchase and Dividends: Our capital position supported the repurchase of 5.2 million shares of common stock for $123 million and the payment of a quarterly common stock dividend of $34 million.
Payout Ratio Analysis: Combined, these represent a 79% payout ratio of the quarter's net income.
Negative
Net Income Decline: Net income decreased to $200 million, reflecting a decline from previous quarters.
Decline in Return on Equity: The annualized return on equity dropped to 15.6%, indicating a decrease in profitability.
Insurance Force Stability: The insurance force ended the quarter at $293 billion, which is flat compared to the last quarter.
Insurance Growth Volatility: The company wrote $17.2 billion of new insurance, which is a 27% increase from the prior quarter, but still indicates volatility in growth.
Delinquency Rate Increase: The delinquency rate increased by 15 basis points to 2.24%, which is consistent with seasonal trends and below pre-pandemic levels.
MTG FAQs
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MTG Earning Call Sentiment
MGIC Investment Corporation (MTG) Q3 2024 Earnings Call Transcript
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MTG.N
-0.84%Positive
The earnings call summary and Q&A indicate positive financial performance with increased net income, higher book value per share, and strong new insurance growth. Shareholder returns through dividends and repurchases are also favorable. However, concerns about delinquency rates and unclear responses on certain risks slightly temper the outlook. Overall, the combination of strong financials and shareholder returns suggests a positive stock price movement.
