MGIC Investment Corp
NYSE:MTG

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MGIC Investment Corp
NYSE:MTG
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Price: 24.97 USD 0.97% Market Closed
Market Cap: 6.3B USD
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MGIC Investment Corp
Net Income (Common)

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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MGIC Investment Corp
Net Income (Common) Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Net Income (Common) CAGR 3Y CAGR 5Y CAGR 10Y
MGIC Investment Corp
NYSE:MTG
Net Income (Common)
$762.8m
CAGR 3-Years
8%
CAGR 5-Years
3%
CAGR 10-Years
16%
PennyMac Financial Services Inc
NYSE:PFSI
Net Income (Common)
$170.1m
CAGR 3-Years
-49%
CAGR 5-Years
-9%
CAGR 10-Years
17%
UWM Holdings Corp
NYSE:UWMC
Net Income (Common)
-$13.2m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Rocket Companies Inc
NYSE:RKT
Net Income (Common)
-$15.5m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Enact Holdings Inc
NASDAQ:ACT
Net Income (Common)
$665.5m
CAGR 3-Years
22%
CAGR 5-Years
8%
CAGR 10-Years
N/A
Mr Cooper Group Inc
NASDAQ:COOP
Net Income (Common)
$511m
CAGR 3-Years
-29%
CAGR 5-Years
N/A
CAGR 10-Years
47%
No Stocks Found

MGIC Investment Corp
Glance View

Market Cap
6.4B USD
Industry
Financial Services

MGIC Investment Corp. is a cornerstone in the realm of mortgage insurance, playing a crucial role in facilitating homeownership across the United States. Founded in 1957, the company provides private mortgage insurance to lenders, helping to mitigate the risks associated with high loan-to-value ratio mortgages. This service not only supports borrowers who may not have large down payments but also empowers lenders to offer more accessible financing options. As home prices have risen and affordability challenges persist, MGIC’s expertise in underwriting and risk management positions it as a vital player in the housing finance ecosystem, alleviating some of the financial pressures faced by first-time homebuyers and expanding opportunities within the market. An investor looking at MGIC Investment Corp. will find a company that combines stability with growth potential. With a strong capital position and a history of consistent profitability, MGIC has navigated various housing market cycles effectively. Its strategic focus on innovation—including advancements in technology to streamline operations and enhance customer experience—positions it well for future expansion. The company also emphasizes prudent risk management and has consistently returned value to shareholders through dividends and share repurchases. As the housing market evolves, MGIC’s ability to adapt and capitalize on emerging trends could offer investors an attractive opportunity in a sector that remains integral to the broader economy.

MTG Intrinsic Value
31.05 USD
Undervaluation 20%
Intrinsic Value
Price

See Also

What is MGIC Investment Corp's Net Income (Common)?
Net Income (Common)
762.8m USD

Based on the financial report for Sep 30, 2024, MGIC Investment Corp's Net Income (Common) amounts to 762.8m USD.

What is MGIC Investment Corp's Net Income (Common) growth rate?
Net Income (Common) CAGR 10Y
16%

Over the last year, the Net Income (Common) growth was 6%. The average annual Net Income (Common) growth rates for MGIC Investment Corp have been 8% over the past three years , 3% over the past five years , and 16% over the past ten years .

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