MGIC Investment Stock Rises 35.3% YTD: More Room for Growth?

Zacks11-27

MGIC Investment Corporation MTG shares have rallied 35.3% year to date (YTD) compared with the industry's growth of 25%. The Finance sector and the Zacks S&P 500 index have returned 24% and 25.7% YTD,...

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The Finance sector and the Zacks S&P 500 index have returned 24% and 25.7% YTD,...</p>\n\n<a href=\"https://finance.yahoo.com/news/mgic-investment-stock-rises-35-142000175.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MGIC Investment Stock Rises 35.3% YTD: More Room for Growth?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMGIC Investment Stock Rises 35.3% YTD: More Room for Growth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-27 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mgic-investment-stock-rises-35-142000175.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MGIC Investment Corporation MTG shares have rallied 35.3% year to date (YTD) compared with the industry's growth of 25%. The Finance sector and the Zacks S&P 500 index have returned 24% and 25.7% YTD,...</p>\n\n<a href=\"https://finance.yahoo.com/news/mgic-investment-stock-rises-35-142000175.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4229","symbol_name":"商业和住宅抵押贷款融资","start_time":0,"source_url":"https://finance.yahoo.com/news/mgic-investment-stock-rises-35-142000175.html","article_id":"2486726188","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/EEUv5JQFTAI4U5iqIocwgw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/9d8e6ae4a2f2f78756262fb38b308001"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486726188","pubTimestamp":1732717200,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MGIC Investment Corporation MTG shares have rallied 35.3% year to date  compared with the industry's growth of 25%. The Finance sector and the Zacks S&P 500 index have returned 24% and 25.7% YTD, respectively. With a market capitalization of $6.61 billion, the average volume of shares traded in the last three months was 0.1 million. Currently priced at $26.11, the stock is a little below its 52-week high of $26.56.The rally was driven by its solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment, along with solid growth projections.MTG Trading Above 50-Day and 200-Day Moving Average. The multi-line insurer has a decent earnings surprise history. Its earnings beat estimates in each of the last four quarters, with an average surprise of 16.25%.The Zacks Consensus Estimate for MGIC Investment’s 2024 earnings per share indicates a year-over-year increase of 11%. The consensus estimate for revenue","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4229":"商业和住宅抵押贷款融资","MTG":"MGIC Investment Corp","BK4080":"零售业房地产投资信托","BK4195":"互助储蓄与抵押信贷金融服务","ROIC":"Retail Opportunity Investments C","BK4077":"互动媒体与服务","MGIC":"Magic Software Enterprises Ltd","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4231":"零售房地产信托","HMN":"霍勒斯曼恩","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","BK4117":"多元化保险","CNO":"康塞科","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","EVER":"Everquote Inc.","BK4023":"应用软件","LU0963586101.USD":"ALLIANZ GLOBAL SMALL CAP EQUITY \"AT\" ACC","BK4162":"人寿与健康保险","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC"},"translate_title":"MGIC Investment股价年初至今上涨35.3%：增长空间更大？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HMN":1,"ROIC":1,"MTG":1,"MGIC":1,"EVER":1,"CNO":1},"content_text":"MGIC Investment Corporation MTG shares have rallied 35.3% year to date (YTD) compared with the industry's growth of 25%. The Finance sector and the Zacks S&P 500 index have returned 24% and 25.7% YTD, respectively. With a market capitalization of $6.61 billion, the average volume of shares traded in the last three months was 0.1 million. Currently priced at $26.11, the stock is a little below its 52-week high of $26.56.\nMTG Outprforms Industry, Sector and S&P YTD\nImage Source: Zacks Investment Research\nThe rally was driven by its solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment, along with solid growth projections.\nMTG Trading Above 50-Day and 200-Day Moving Average\nThis Zacks Rank #3 (Hold) multi-line insurer is trading above its 50-day and 200-day simple moving average (SMA) of $25.21 and $22.63, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.\nMTG’s Earnings Surprise History\nThe multi-line insurer has a decent earnings surprise history. Its earnings beat estimates in each of the last four quarters, with an average surprise of 16.25%.\nMTG’s Growth Projection Encourages\nThe Zacks Consensus Estimate for MGIC Investment’s 2024 earnings per share indicates a year-over-year increase of 11%. The consensus estimate for revenues is pegged at $1.22 billion, implying a year-over-year improvement of 4.5%. The consensus estimate for 2025 revenues indicates an increase of 3.5% from the corresponding 2024 estimates.\nMTG’s Favorable Return on Capital\nReturn on invested capital (ROIC) has been increasing over the last few quarters as the company raised its capital investment over the same time frame. This reflects MTG’s efficiency in utilizing funds to generate income. ROIC was 11.4% in the trailing 12 months, better than the industry average of 2.5%.\nWill the Bull Run Continue?\nGiven the strong purchase market and potential share gains from the Federal Housing Administration, MGIC Investment expects strong premium writing. Increased persistency rate should continue to boost insurance in force.The insurance-in-force portfolio is set to grow, banking on new business and increasing annual persistency. A higher level of new and existing home sales, an increased percentage of homes purchased for cash and an improved level of refinance activity in an improving housing market should help this largest private mortgage insurer in the United States grow.MTG has been witnessing a declining pattern of claim filings. A decline in loss and claims will strengthen the balance sheet and improve the insurer’s financial profile.The insurer is improving its capital position with capital contribution, reinsurance transactions and cash position. Both leverage and times interest earned ratios have been improving.A solid capital position supports MTG in wealth distribution. As of Oct. 31, 2024, the insurer had $578.6 million remaining under a $750 million share repurchase program approved by the board, which expires on Dec. 31, 2026. Its share repurchase activity reflects continued strong mortgage credit performance.The Zacks Consensus Estimate for 2024 earnings has moved 1.8% north in the past 30 days, reflecting analysts’ optimism.\nShares are Undervalued\nMTG shares are trading at a price-to-book multiple of 1.28, lower than the industry average of 2.43.\nKey Picks\nInvestors interested in the multi-line insurance industry may look at some better-ranked players like EverQuote, Inc. EVER, CNO Financial Group, Inc. CNO and Horace Mann Educators Corporation HMN, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for EverQuote’s 2024 and 2025 earnings implies year-over-year growth of 144.8% and 16.1%, respectively. It beat earnings estimates in each of the past four quarters, with an average surprise of 149.58%. Year to date, shares of EVER have rallied 60.7%.The Zacks Consensus Estimate for CNO Financial’s 2024 and 2025 earnings implies year-over-year growth of 20.7% and 0.6%. It beat earnings estimates in three of the past four quarters while missing in one, with an average surprise of 24.51%. Year to date, shares of CNO have gained 45.2%.The Zacks Consensus Estimate for Horace Mann’s 2024 and 2025 earnings implies year-over-year growth of 69.4% and 43.3%, respectively. It beat earnings estimates in two of the past four quarters, while matched in one and missed in one, with an average surprise of 4.57%. Year to date, shares of HMN have gained 26.7%.\nWant 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\nMGIC Investment Corporation (MTG) : Free Stock Analysis Report\nCNO Financial Group, Inc. (CNO) : Free Stock Analysis Report\nEverQuote, Inc. (EVER) : Free Stock Analysis Report\nHorace Mann Educators Corporation (HMN) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486726188"}