New insider activity at MGIC Investment ( (MTG) ) has taken place on February 22, 2025.
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Julie Sperber, the VP-Chief Accounting Officer, has recently sold 4,600 shares of MGIC Investment stock, amounting to a total transaction value of $112,930.
Recent Updates on MTG stock
In the last 24 hours, MGIC Investment Corp (MTG) has been in the spotlight following its strong Q4 2024 earnings report, which showed a net income of $184.7 million and exceeded consensus expectations. The company reported a robust annualized return on equity of 14% and an increase in insurance in force to $295.4 billion. Despite a slight rise in delinquency rates to 2.40%, the company maintained a strong underwriting expense ratio. Barclays raised its price target for MGIC, citing the healthy claim rates despite an expected increase in delinquency rates due to older COVID-related loans. Conversely, Compass Point downgraded the stock to Neutral, noting the impact of higher interest rates on new insurance volumes and the potential pressure on earnings from increased loss and expenses. MGIC’s management remains optimistic about 2025, focusing on cost reductions and capital management, aiming for sustained growth and shareholder value.
More about MGIC Investment
YTD Price Performance: 3.56%
Average Trading Volume: 1,618,874
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.19B