MGIC Investment Corporation (MTG)
MGIC Investment Corporation operates in the Insurance - Specialty industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $28.48, down 0.87% on the session, giving a market capitalisation of $5.84B. On trailing twelve-month figures it carries a trailing P/E of 8.87, a net margin of 59.2%. Its beta of 0.65 implies it has historically moved less than the broad market.
MGIC Investment Corporation, through its various subsidiaries, provides private mortgage insurance alongside a range of other mortgage credit risk management solutions and ancillary services. These offerings are available to lenders and government-sponsored entities across the United States, Puerto Rico, and Guam. A core product is their primary mortgage insurance, designed to protect individual loans against default. This coverage extends to unpaid loan principal, accumulated interest, and various costs associated with default and subsequent foreclosure. The company also offers contract underwriting and reinsurance services. Its client base largely comprises originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, and other mortgage lenders. Established in 1957, MGIC Investment Corporation maintains its headquarters in Milwaukee, Wisconsin.
MGIC Investment Corporation is most often compared with the following Financial Services names: