Mgic Inv stock hits 52-week high at 27.34 USD

Mgic Investment Corporation (MTG) stock reached a 52-week high of 27.34 USD, marking a notable milestone for the company. According to InvestingPro data, the company maintains a "GREAT" financial health score, with particularly strong profitability and price momentum metrics. This achievement reflects a significant upward trajectory, with the stock delivering a 29% return over the past year and 15.1% year-to-date. Trading at an attractive P/E ratio of 8.9x and showing consistent dividend growth of 13% over the last year, MTG appears undervalued according to comprehensive analysis. The rise in stock price underscores investor confidence and the company’s strong performance in the market. As Mgic Inv continues to navigate the financial landscape, this peak serves as a testament to its resilience and strategic positioning. The company’s robust fundamentals are further detailed in the comprehensive Pro Research Report, available exclusively on InvestingPro, along with 10 additional key investment tips.

In other recent news, MGIC Investment (NYSE:MTG) Corp reported its Q1 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.75, compared to the forecasted $0.69. However, the company’s revenue was slightly below projections, coming in at $306.23 million against the anticipated $306.52 million. Despite this minor revenue shortfall, MGIC’s strong financial performance was evident, supported by a net income of $186 million and an annualized return on equity of 14.3%. The company maintained its leadership in the private mortgage insurance sector, writing $10 billion in new insurance during the quarter. The firm’s operating expenses decreased to $53 million from $61 million the previous year, indicating effective cost management. MGIC also highlighted its ongoing share repurchases as a key method of returning capital to shareholders, with a total of 9.2 million shares repurchased for $224 million in Q1. The company continues to focus on maintaining strong underwriting standards and risk management practices. Looking ahead, MGIC plans to prioritize share repurchases and is prepared for various economic scenarios.

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