MGIC Investment (NYSE:MTG – Get Free Report) posted its quarterly earnings data on Wednesday. The insurance provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.60 by $0.05, Briefing.com reports. The company had revenue of $294.40 million during the quarter, compared to analyst estimates of $301.62 million. MGIC Investment had a net margin of 62.85% and a return on equity of 15.00%. MGIC Investment’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share.
MGIC Investment Trading Up 0.6 %
NYSE MTG traded up $0.13 on Friday, hitting $20.64. 2,072,463 shares of the stock were exchanged, compared to its average volume of 1,894,780. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.05 and a quick ratio of 0.98. MGIC Investment has a 52-week low of $13.97 and a 52-week high of $22.43. The company’s 50-day moving average price is $20.55 and its two-hundred day moving average price is $19.21. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 1.69 and a beta of 1.24.
MGIC Investment Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, May 9th will be paid a dividend of $0.115 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.46 annualized dividend and a yield of 2.23%. MGIC Investment’s dividend payout ratio is currently 17.69%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on MTG
About MGIC Investment
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure.
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