MGIC Investment Corp
NYSE:MTG

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MGIC Investment Corp
NYSE:MTG
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Price: 23.66 USD 1.46% Market Closed
Market Cap: 6B USD
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MGIC Investment Corp
Revenue

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
Revenue Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Revenue CAGR 3Y CAGR 5Y CAGR 10Y
MGIC Investment Corp
NYSE:MTG
Revenue
$1.2B
CAGR 3-Years
0%
CAGR 5-Years
0%
CAGR 10-Years
2%
PennyMac Financial Services Inc
NYSE:PFSI
Revenue
$2.2B
CAGR 3-Years
-17%
CAGR 5-Years
10%
CAGR 10-Years
15%
UWM Holdings Corp
NYSE:UWMC
Revenue
$2.2B
CAGR 3-Years
-24%
CAGR 5-Years
30%
CAGR 10-Years
N/A
Rocket Companies Inc
NYSE:RKT
Revenue
$4B
CAGR 3-Years
-37%
CAGR 5-Years
-1%
CAGR 10-Years
N/A
Enact Holdings Inc
NASDAQ:ACT
Revenue
$1.2B
CAGR 3-Years
1%
CAGR 5-Years
7%
CAGR 10-Years
N/A
Mr Cooper Group Inc
NASDAQ:COOP
Revenue
$2B
CAGR 3-Years
-18%
CAGR 5-Years
5%
CAGR 10-Years
63%
No Stocks Found

MGIC Investment Corp
Glance View

Market Cap
6.1B USD
Industry
Financial Services
Economic Moat
None

MGIC Investment Corp., headquartered in Milwaukee, has long been a cornerstone in the niche market of private mortgage insurance (PMI). Founded in 1957, the firm was born from a visionary concept by Max Karl, who sought to make homeownership accessible even to those strapped by the limitations of conventional down payment requirements. MGIC operates primarily through its principal subsidiary, Mortgage Guaranty Insurance Corporation, underwriting mortgage insurance policies that protect lenders in the event a borrower defaults on a loan. This coverage is critical to lenders as it mitigates risk, thus facilitating the extension of loans to a broader range of prospective homeowners who can only afford smaller down payments. In essence, MGIC plays a pivotal role in the housing market by bridging the gap between homebuyers with limited equity and financial institutions wary of lending to higher-risk profiles. The company's revenue streams are primarily derived from insurance premiums collected on these policies. These premiums vary, influenced by factors such as the amount of the loan, the borrower's creditworthiness, and the loan-to-value ratio. Additionally, the company carefully manages its risk exposure by maintaining a robust portfolio of diversified policies while also investing its premium revenues in a conservative mix of bonds and other securities. This prudent financial management and strategic focus ensure a steady income stream, while also safeguarding its financial stability even during economic downturns. By effectively balancing risk and security, MGIC has consistently carved out its place as a reliable partner in the housing finance ecosystem, adapting to changing regulatory landscapes and economic conditions while maintaining strong relationships with lenders and borrowers alike.

MTG Intrinsic Value
30.43 USD
Undervaluation 22%
Intrinsic Value
Price

See Also

What is MGIC Investment Corp's Revenue?
Revenue
1.2B USD

Based on the financial report for Sep 30, 2024, MGIC Investment Corp's Revenue amounts to 1.2B USD.

What is MGIC Investment Corp's Revenue growth rate?
Revenue CAGR 10Y
2%

Over the last year, the Revenue growth was 2%.

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