MGIC INVT CORP WIS's ticker is MTG and the CUSIP is 552848103. A total of 369 filers reported holding MGIC INVT CORP WIS in Q3 2023. The put-call ratio across all filers is 2.69 and the average weighting 0.1%.
About MGIC INVT CORP WIS
MGIC Investment Corp. (MTG) is a Wisconsin-based company that provides private mortgage insurance to homebuyers in the United States. The company was founded in 1957 and has since become one of the largest private mortgage insurers in the country.
MTG's business model is simple: it provides insurance to lenders who are willing to lend to borrowers with less than a 20% down payment. This insurance protects the lender in case the borrower defaults on the loan. MTG charges a premium for this insurance, which is paid by the borrower as part of their monthly mortgage payment.
The company has been performing well in recent years, with strong financial results and a solid balance sheet. In the first quarter of 2021, MTG reported net income of $204.6 million, up from $151.5 million in the same period last year. The company's book value per share also increased to $12.98, up from $11.68 in the first quarter of 2020.
MTG's CEO, Timothy Mattke, has been with the company since 2006 and has been instrumental in its success. Under his leadership, MTG has expanded its product offerings and improved its risk management practices.
Overall, MTG is a solid company with a strong track record of success. While the mortgage industry can be volatile, MTG's business model and leadership team give investors confidence in its ability to weather any storms that may come its way.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
External links
This page lists MGIC INVT CORP WIS's shareholders in Q3 2023. To view MGIC INVT CORP WIS's shareholder history, click here.