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3/8/13(MTG) MGIC Investment Corporation Raises Capital (Stock Blog Hub)

MGIC Investment Corporation (MTG) has raised capital worth $1145.35 million. The capital has been raised in two parts with $695.25 million from the issue of shares and $450 million from the issue of 2.00% convertible senior notes due 2020. Interest on the notes will be paid at a rate of 2.00% per year, semi-annually on Apr [...]

11/8/11Kyle Bass' Hayman Capital Buys MGIC (market folly)

Kyle Bass ' hedge fund Hayman Capital Management just filed a 13G with the SEC regarding MGIC Investment Corp (MTG). This is a brand new position for them as they did not show a stake at the end of the second quarter. Hayman now owns 10,047,937 shares of MTG which represents a 4.9% ownership stake in the company due to trading on October 31st. MTG is a provider of private mortgage insurance in the US. It appears as though Bass is using this as a proxy to play a housing recovery. ...

10/17/11MGIC Investment Corp. (MTG) Earnings Preview $MTG (Robert Weinstein Trading Blog)

MGIC Investment Corp. (MTG) is due to report earnings before the opening bell on October 21, 2011. Overview MTG trades an average of 6.3 million shares per day. MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance to the home mortgage lending industry. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin. 52 Week High: $11.79 52 [...]

6/29/11(MTG) MTG Investment Corporation Downgraded to Neutral (Stock Blog Hub)

We are downgrading our recommendation on the shares of MGIC Investment Corp. (MTG) to Neutral from Outperform, following the company’s first quarter 2011 results, which missed the earnings guidance due to higher paid losses, lower rescission and increased claims. For the past couple of years, MGIC has been hit hard by the deterioration in mortgage and [...]

2/14/11NYSE High Price Jumps of the day: (RDN, WMG, MTG, TTM, WBC) (Penny Stock DD)

Radian Group Inc. (NYSE:RDN) jumped up by 13.42% to close at $8.03 with overall traded volume of 19.48 million shares in the last trading day. The share price is highly reactive to market index as its beta value stands at 2.94 times till its last trading session. Its dividend yield is 0.12%. Warner Music Group Corp. [...]

1/25/11Trading results 1/25/11 (Robert Weinstein Trading Blog)

Not much to report today as it was one of the slowest trading days in a long time COCO continued higher today and I remain long with a target of $9+. MTG fell during the first half of the day only to reverse and close higher than the open. I find this very bullish and expect [...]

10/19/10MGIC Investment Corporation Reports Third Quarter Net Loss of $.26 per Share (Benzinga)

MGIC Investment Corporation (NYSE: MTG) today reported a net loss for the quarter ended September 30, 2010 of $51.5 million, compared with a net loss of $517.8 million for the same quarter a year ago. Diluted net loss per share was $0.26 for the quarter ending September 30, 2010, compared to diluted loss per share of $4.17 for the same quarter a year ago. The net loss for the first nine months of 2010 was $177.1 million, compared with a net loss of $1,042.2 million for the same period...

10/7/10Mortgage Rates At Record Lows, Here's How to Profit (TUZ, MTG, HTS) (Benzinga)

U.S. mortgage rates reached new record lows in the latest week as economic data raised the appeal of safe-haven government debt, according to a survey released on Thursday by Freddie Mac. Interest rates on U.S. 30-year fixed-rate mortgages averaged 4.27 percent for the week ended October 7, down from the previous week's 4.32 percent and the lowest on record, according to the survey. According to a Reuters report, "While rock-bottom rates offer a glimmer of hope for a housing market...

10/1/10August MICA Data From Piper Jaffray (Benzinga)

Piper Jaffray has published a research report for the Mortgage Insurance Companies of America (MICA) following the release of August data. In the report, Piper Jaffray writes "August [reflected] a 90.9% cure ratio, compared to 57.6% in August of 2009. August cures and defaults totaled 58,094 and 63,882, respectively. Historically, August reflects elevated sequential cure rates and this month's data remains in line with trends. This month's cure rate, the highest in seven years for the month...

9/5/10A Stock Pick with good upside potential- Premium Pick (Penny Stock DD)

Posted: Friday, September 03, 2010 2:59 PM EDT MGIC (MTG) leads the list of top gainers so far today and is now at $8.63, up $.65 (8.15%) on volume of 4,805,497 shares traded. This morning the company announced the amount of new mortgage insurance written rose 9.1% in August from a month earlier as its inventory [...]

1/19/10(MTG) MGIC Investment Corporation Sees Rating Action (Stock Blog Hub)

Last week, rating agency Fitch withdrew its long-term issuer rating “B-“ of MGIC Investment Corp. (MTG) along with withdrawing the “BB-“ insurer financial strength rating of its subsidiary, Mortgage Guaranty Investment Corp. The rating agency also pulled back the rating on MGIC’s senior notes and convertible junior subordinated debentures. Back in July, Fitch had downgraded MGIC’s [...]

12/28/09(BAC) Bank of America Sues Mortgage Insurer MGIC Investment Corporation (Stock Blog Hub)

Bank of America (BAC) has filed a lawsuit with the Securities and Exchange Commission against Mortgage Guaranty Insurance Corporation, the principal mortgage insurance subsidiary of MGIC Investment Corporation (MTG). It said in a filing that the mortgage insurer had rejected a meaningful number of claims filed on a portfolio of mortgages for reasons it considered [...]

11/2/09(MTG) MGIC Investment Corporation Reports Ugly Loss (Stock Blog Hub)

MGIC Investment Corp.’s (MTG) third-quarter loss of $4.44 per share was wider than the Zacks Consensus Estimate of a loss of $1.64 per share. Last year, the company had reported a loss of $1.06 per share. Increasing delinquent inventory and consequently higher incurred losses drained the results. The company’s loss stood at $971 million from $788.3 [...]

10/16/09(MTG) MGIC Investment Corporation’s Earnings Preview (Stock Blog Hub)

MGIC Investment Corporation (MTG) is expected to release third quarter results on Oct 15. The Zacks Consensus Estimate for the company is a loss of $1.64 per share. The company’s financial results have been adversely impacted by increased delinquencies, which are occurring due to a weakened economy, increased unemployment and lower home prices. I t is [...]

6/10/09(MTG) Financials – Industry Outlook (Stock Blog Hub)

Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to the preferred stock. While financial institutions have experienced a [...]

6/10/09(MTG) Financials – Zacks Analyst Interviews (Stock Blog Hub)

Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to the preferred stock. While financial institutions have experienced a [...]

10/27/08MGIC Investment (MTG): A Contrarian Pick For Value Investors (Contrarian Profits)

Mortgage insurers are hardly popular among investors at the moment. But Andrew Snyder says MGIC Investment Corp. (NYSE:MTG) is likely to survive the real estate meltdown. And as shares are already down 95% from their peak in March 2007, further downside potential is limited. More from Today's Financial News: Every month, millions of Americans write a check [...]

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