MTG

It has been about a month since the last earnings report for MGIC Investment (MTG). Shares have lost about 3.7% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is MGIC due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its latest earnings report in order to get a better handle on the important drivers. MGIC Q1 Earnings Beat, Revenues Miss Estimates, Premiums Down Y/YMGIC Investment Corporation reported first-quarter 2026 operating net income per share of 76 cents, which beat the Zacks Consensus Estimate by 4.1%. The bottom line also improved 1.3% year over year. Total operating revenues declined 3% year over year to $297 million, attributable to lower net premiums earned and other revenues. The top line missed the Zacks Consensus Estimate by 1.4%. The quarterly results reflected stable investment income, partially offset by lower net premiums earned and other revenues. Insurance in force increased 3% year over year to $302.7 billion, exceeding the Zacks Consensus Estimate of $293.7 billion as well as our estimate of $295.6 billion. Meanwhile, primary delinquency rose 6.2% to 27,006 loans during the quarter. Net premiums earned declined 3.4% year over year to $235.4 million, surpassing our estimate of $234.3 million. Meanwhile, net investment income increased 0.5% year over year to $61.7 million, but came in below our estimate of $61.8 million and the Zacks Consensus Estimate of $62.4 million.Persistency, the percentage of insurance remaining in force, was 84% as of March 31, 2026, and declined 70 basis points from the year-ago quarter’s level. Meanwhile, new insurance written increased 41.5% year over year to $14.4 billion. Underwriting and other expenses, net, declined 9.4% year over year to $48.1 million. However, underwriting performance weakened materially, with the loss ratio surging to 14.1% from 3.9% in the prior-year quarter.Total losses and expenses increased 26.1% year over year to $90.2 million, attributable to a sharp rise in losses incurred, net, which nearly doubled from the year-ago period. Book value per share, a measure of net worth, increased 10.4% year over year to $23.63 as of March 31, 2026. Shareholder equity was $5.3 billion as of March 31, 2026, dow...

In late April 2026, MGIC Investment Corporation reported first-quarter revenue of US$297.08 million and net income of US$165.3 million, both lower than a year earlier, while diluted earnings per share from continuing operations held at US$0.76. The combination of softer top- and bottom-line results alongside management’s emphasis on rising new insurance written and disciplined capital return presents a mixed picture of MGIC’s operating momentum. Next, we’ll examine how softer revenue and net income alongside resilient per-share earnings could influence MGIC Investment’s existing 2026 investment narrative. Uncover the next big thing with 25 elite penny stocks that balance risk and reward. To own MGIC Investment, you need to believe that a steady, if mature, mortgage insurance franchise can keep turning a large, high quality book into consistent per share earnings and capital returns. The latest quarter’s softer revenue and net income, alongside essentially flat diluted EPS, does not appear to materially change the near term focus on disciplined buybacks as a key catalyst or the existing risk that limited policy growth could cap longer term earnings power. Against this backdrop, the board’s fresh authorization of up to US$750,000,000 in share repurchases through the end of 2028 is highly relevant, because it reinforces how much of MGIC’s 2026 story rests on capital return rather than organic expansion. For investors weighing this, the combination of modest top line slippage and a renewed commitment to reducing the share count sharpens the trade off between supporting EPS today and preserving balance sheet flexibility for tomorrow. Yet even with steady EPS and aggressive buybacks, investors should still be aware of MGIC’s elevated payout levels and what they could mean for... Read the full narrative on MGIC Investment (it's free!) MGIC Investment's narrative projects $1.3 billion revenue and $644.1 million earnings by 2029. Uncover how MGIC Investment's forecasts yield a $28.67 fair value, a 7% upside to its current price. Three members of the Simply Wall St Community value MGIC Investment between US$27.78 and US$78.79 per share, underlining how far apart individual views can be. As you weigh those opinions, remember that management itself highlights constrained opportunities to prudently grow insurance in force, which raises important questions about how long...

Radian Group Inc. RDN reported first-quarter 2026 adjusted operating income of $1.27 per share, which beat the Zacks Consensus Estimate by 8.5%. The bottom line improved 28.3% year over year. Operating revenues increased 55.2% year over year to $475 million, driven by higher premiums earned and net investment income. The top line surpassed the Zacks Consensus Estimate by 57.2%. The better-than-expected quarterly results benefited from higher premiums earned, solid investment income, growth in new insurance written and higher mortgage insurance in force. However, elevated expenses and higher primary loan defaults remained headwinds. Radian Group Inc. price-consensus-eps-surprise-chart | Radian Group Inc. Quote Net premiums earned were $403 million, up 72.2% year over year. Net investment income rose 14.8% year over year to $70 million, supported by higher short-term investment balances and maturities, partially offset by securities. MI's new insurance written increased 42% year over year to $13.5 billion. Primary mortgage insurance in force rose 3% year over year to $282 billion, which beat the Zacks Consensus Estimate by 1.2%. Persistency — the percentage of mortgage insurance remaining in force after 12 months — was 81.3% as of March 31, 2025, down 110 basis points year over year. Primary delinquent loans represented 2.51% of primary loans in default as of March 31, 2026, compared with 2.33% in the prior-year quarter. Total expenses soared 204.5% year over year to $292.7 million. The expense ratio improved 120 basis points year over year to 20%, reflecting enhanced operating leverage. As of March 31, 2026, Radian reported cash of $55.4 million, surged 123.3% from the 2025-end level. Total assets increased 31.2% to $10.7 billion from the 2025-end level. Book value per share rose 10% year over year to $35.67. Shareholders’ equity increased 0.6% to $4.8 billion from the 2025-end level. Adjusted net operating return on equity was 14.7%, up 130 basis points year over year. As of March 31, 2026, Radian Guaranty’s available assets under PMIERs totaled $5.4 billion, resulting in excess available assets of $1.6 billion. During the first quarter of 2026, the company repurchased 1.5 million shares of common stock for $50 million. In the first quarter, Radian paid a quarterly dividend of 25.5 cents per share, totaling approximately $35 million. RDN currently carries a...

EverQuote, Inc. EVER reported first-quarter 2026 operating net income per share of 51 cents, significantly exceeding the Zacks Consensus Estimate by 18.6%. The bottom line increased 34.2% from the prior-year period level. Total revenues rose 15% year over year to $191 million. The top line exceeded the Zacks Consensus Estimate by 5.8%. The better-than-expected quarterly results were fueled by solid performance across both the Automotive insurance and Home and Renters insurance segments, supported by higher variable marketing investments. The upside was partly offset by an increase in operating expenses. EverQuote, Inc. price-consensus-eps-surprise-chart | EverQuote, Inc. Quote Revenues in the Automotive insurance vertical grew 13% year over year to $172.4 million, surpassing the Zacks Consensus Estimate of $164.1 million. Our estimate was $164 million. Revenues in the Home and Renters insurance vertical increased 33% year over year to $18.5 million, exceeding the Zacks Consensus Estimate of $13 million. Our estimate was $13.1 million. Revenues in the Other insurance vertical declined 100% year over year. Total costs and operating expenses rose 5.5% year over year to $167.4 million, mainly due to higher sales and marketing, research and development costs and general and administrative expenses. Our estimate was $159.2 million. EverQuote’s variable marketing dollars increased 19% year over year to $55.9 million, which beat the Zacks Consensus Estimate of $50.7 million. Adjusted EBITDA rose 30% year over year to $29.3 million, which outpaced our estimate of $24 million. The adjusted EBITDA margin expanded to 15.4% for the quarter. EverQuote exited the first quarter of 2026 with cash and cash equivalents of $178.4 million, up 4.1% from the 2025-end level. Total assets were $323.9 million, down 0.9% from the 2025-end level. Total stockholders' equity increased 1.2% from the 2025-end level to $240.8 million. Cash from operations was $29.6 million, which increased 27% year over year. During the quarter, EVER repurchased 1.1 million shares of its common stock for approximately $19.9 million. For the second quarter of 2026, EverQuote guided revenues in the $185-$195 million range, implying 21% year-over-year growth. Management expects variable marketing dollars in the $55-$57 million range, suggesting 23% year-over-year growth. Adjusted EBITDA is projected at $28-$30...

MGIC reported Q1 net income of $165 million with an annualized return on equity of 13% and book value per share up to $23.63 (≈10% YoY), with EPS of $0.76 aided by $31 million of favorable loss reserve development. New insurance written rose 41% to $14 billion, driven by stronger refinance activity, though management expects refinancing to moderate if mortgage rates stay around 6.25–6.5%, keeping insurance-in-force roughly flat at about $303 billion. MGIC says its capital position is robust—about $6 billion of balance-sheet capital and reinsurance that reduced PMIERs required assets by $3.1 billion—while the board authorized an additional $750 million buyback; the company also paid a $400 million dividend to the holding company to boost liquidity. Interested in MGIC Investment Corporation? Here are five stocks we like better. 2 Real-Estate Related Stocks Showing Signs Of Being Undervalued MGIC Investment (NYSE:MTG) reported first-quarter 2026 results that management described as a “strong start” to the year, driven by higher new insurance written and continued favorable credit performance. On the earnings call, CEO Tim Mattke and CFO and Chief Risk Officer Nathan Colson also detailed capital return activity, including a new share repurchase authorization and an intercompany dividend intended to bolster holding-company liquidity. Mattke said MGIC generated first-quarter net income of $165 million, producing an annualized return on equity of 13%. He added that book value per share rose to $23.63, up 10% year-over-year. → Meta Posted Its Best Sales Growth Since 2021—So Why Did Shares Fall? Colson reported earnings of $0.76 per diluted share, compared with $0.75 in the year-ago quarter. He said results included $31 million of favorable loss reserve development, which he attributed primarily to delinquency notices received in 2025 that have cured at better-than-expected rates. “Cure rates on those delinquency notices have exceeded our expectations,” Colson said, adding that MGIC adjusted ultimate loss expectations accordingly. MGIC wrote $14 billion of new insurance written (NIW) in the first quarter, which Mattke said was up 41% from last year and represented the company’s largest first-quarter NIW since 2022. He attributed the increase to higher refinance activity and what MGIC expects was a modestly larger purchase market. → Verizon’s Signal Strength: The Turn...

MGIC Investment Corporation MTG reported first-quarter 2026 operating net income per share of 76 cents, which beat the Zacks Consensus Estimate by 4.1%. The bottom line also improved 1.3% year over year. Total operating revenues declined 3% year over year to $297 million, attributable to lower net premiums earned and other revenues. The top line missed the Zacks Consensus Estimate by 1.4%. The quarterly results reflected stable investment income, partially offset by lower net premiums earned and other revenues. MGIC Investment Corporation price-consensus-eps-surprise-chart | MGIC Investment Corporation Quote Insurance in force increased 3% year over year to $302.7 billion, exceeding the Zacks Consensus Estimate of $293.7 billion as well as our estimate of $295.6 billion. Meanwhile, primary delinquency rose 6.2% to 27,006 loans during the quarter. Net premiums earned declined 3.4% year over year to $235.4 million, surpassing our estimate of $234.3 million. Meanwhile, net investment income increased 0.5% year over year to $61.7 million, but came in below our estimate of $61.8 million and the Zacks Consensus Estimate of $62.4 million. Persistency, the percentage of insurance remaining in force, was 84% as of March 31, 2026, and declined 70 basis points from the year-ago quarter’s level. Meanwhile, new insurance written increased 41.5% year over year to $14.4 billion. Underwriting and other expenses, net, declined 9.4% year over year to $48.1 million. However, underwriting performance weakened materially, with the loss ratio surging to 14.1% from 3.9% in the prior-year quarter. Total losses and expenses increased 26.1% year over year to $90.2 million, attributable to a sharp rise in losses incurred, net, which nearly doubled from the year-ago period. Book value per share, a measure of net worth, increased 10.4% year over year to $23.63 as of March 31, 2026. Shareholder equity was $5.3 billion as of March 31, 2026, down 2.1% from the 2025-end level. MGIC Investment's PMIERs Available Assets totaled $5.8 billion, or $2.9 billion above its Minimum Required Assets as of March 31, 2026. Total assets were $6.4 billion as of March 31, 2026, down 4.4% from the 2025-end level. Senior notes totaled $646.5 million as of March 31, 2026, reflecting a 0.1% increase from the 2025-end level. The company repurchased 7.2 million shares of common stock for $192.6 million and paid...

MGIC Investment (MTG) reported Q1 adjusted operating earnings late Wednesday of $0.76 per diluted sh

MGIC Investment (MTG) reported $297.25 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.7%. EPS of $0.76 for the same period compares to $0.75 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $301.51 million, representing a surprise of -1.41%. The company delivered an EPS surprise of +3.64%, with the consensus EPS estimate being $0.73. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how MGIC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: GAAP loss ratio (insurance operations only): 14.1% versus the two-analyst average estimate of 17.7%. Combined Ratio - Insurance Segment (Net of underwriting expense ratio and Loss ratio): 34.6% versus 38.6% estimated by two analysts on average. GAAP underwriting expense ratio (insurance operations only): 20.5% compared to the 20.9% average estimate based on two analysts. Revenues- Net investment income: $61.74 million versus the two-analyst average estimate of $62.38 million. The reported number represents a year-over-year change of +0.5%. Revenues- Net premiums earned: $235.36 million versus $238.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.4% change. Revenues- Other revenue: $0.14 million versus the two-analyst average estimate of $0.39 million. The reported number represents a year-over-year change of -57.4%. View all Key Company Metrics for MGIC here>>> Shares of MGIC have returned +10.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MGIC Investment Corporation (MTG) : Free Stock Analys...

Performance was driven by a 41% year-over-year increase in New Insurance In Force (NIW), fueled by higher refinance activity and a modestly larger purchase market. Management attributes the 10% year-over-year increase in book value per share to solid operating performance and a robust balance sheet despite a flat insurance-in-force trajectory. The company maintains a disciplined market approach, prioritizing prudent insurance-in-force growth over capital return while utilizing share repurchases to generate long-term value. Credit quality remains strong with low early payment defaults, though management noted that seasonal tailwinds were less pronounced this quarter due to servicer reporting timing. The reinsurance program remains a core strategic pillar, reducing PMIERs required assets by approximately 52% and providing capital flexibility at attractive costs. Management is actively supporting credit score modernization (VantageScore 4.0 and FICO Score 10T) to improve housing affordability and operationalize GSE-led changes. Insurance in force is expected to remain relatively flat throughout 2026, assuming mortgage rates stay near current levels. Management anticipates that if mortgage rates decline, increased refinance activity would boost the MI market size but would be offset by lower persistency. Operating expenses for the full year are projected to remain within the previously stated range of $190 million to $200 million. The company expects delinquency rates and new notices to continue to normalize as the portfolio ages, particularly for the 2020–2023 book-year vintages. In-force premium yield is expected to remain relatively flat for the year, contingent on MI origination trends and persistency remaining similar to current levels. A new $750 million share repurchase program was authorized, reflecting management's confidence in the company's financial strength and current share price levels. Favorable loss reserve development of $31 million was recorded, primarily driven by higher-than-expected cure rates on delinquency notices from 2025. MGIC paid a $400 million dividend to the holding company in April 2026 to enhance liquidity and financial flexibility. Management flagged housing affordability as a persistent challenge, though they believe private mortgage insurance remains a critical tool for low down payment borrowers. Our analysts just identified...

MILWAUKEE (AP) — MILWAUKEE (AP) — MGIC Investment Corp. (MTG) on Wednesday reported first-quarter net income of $165.3 million. The Milwaukee-based company said it had profit of 76 cents per share. The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. The mortgage insurance company posted revenue of $297.1 million in the period. Its adjusted revenue was $297.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTG at https://www.zacks.com/ap/MTG

MGIC Investment (MTG) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.64%. A quarter ago, it was expected that this mortgage insurance company would post earnings of $0.73 per share when it actually produced earnings of $0.75, delivering a surprise of +2.74%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. MGIC, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $297.25 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 1.41%. This compares to year-ago revenues of $305.49 million. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MGIC shares have lost about 0.8% since the beginning of the year versus the S&P 500's gain of 4.3%. While MGIC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MGIC was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stoc...

Image source: The Motley Fool. Thursday, April 30, 2026 at 10 a.m. ET Chief Executive Officer — Timothy James Mattke Chief Financial Officer and Chief Risk Officer — Nathaniel Howe Colson Head of Investor Relations — Dianna L. Higgins Need a quote from a Motley Fool analyst? Email [email protected] Dianna L. Higgins: Thank you, Kelly. Good morning, and welcome, everyone. Thank you for your interest in MGIC Investment Corporation. Joining me on the call today to discuss our results for the first quarter are Timothy James Mattke, Chief Executive Officer, and Nathaniel Howe Colson, Chief Financial Officer and Chief Risk Officer. Our press release, which contains MGIC Investment Corporation’s first quarter financial results, was issued yesterday and is available on our website at mtg.mgic.com under Newsroom. It includes additional information about our quarterly results that we will refer to during the call today. It also includes a reconciliation of non-GAAP financial measures to their most comparable GAAP measures. In addition, we posted on our website a quarterly supplement that contains information pertaining to our primary risk in force and other information you may find valuable. As a reminder, from time to time, we may post information on our underwriting guidelines and other presentations or corrections to past presentations on our website. Before getting started today, I want to remind everyone that during the course of this call, we may make comments about our expectations of the future. Actual results could differ from those contained in these forward-looking statements. Our 8-Ks and 10-Q filed yesterday include additional information about the factors that could cause actual results to differ materially from those discussed on the call today. If we make any forward-looking statements, we are not undertaking an obligation to update those statements in the future in light of subsequent developments. No one should rely on the fact that such guidance or forward-looking statements are current at any time other than the time of this call or the issuance of our 8-K or 10-Q. With that I now have the pleasure to turn the call over to Timothy James Mattke. Timothy James Mattke: Thanks, Dianna, and good morning, everyone. I am pleased to report a strong start to 2026 as we continue to execute our business strategies while maintaining the momentum we have built over t...