Veeco launches Lumina+ MOCVD system, receives Rocket Lab order
MGIC Investment Corp stock reached a new 52-week high, touching 28.98 USD, as the company continues to show robust performance in the market. According to InvestingPro data, the company maintains a "GREAT" overall financial health score of 3.13 out of 4, with particularly strong profitability metrics. Over the past year, the stock has delivered a 12.49% total return, while maintaining impressive fundamentals with a P/E ratio of 9.2 and a dividend yield of 2.14%. Management has been actively buying back shares, and the company has raised its dividend for 6 consecutive years, with a remarkable 30.43% dividend growth in the last twelve months. The latest high underscores MGIC Investment Corp’s resilience and potential for continued growth in the competitive insurance industry. InvestingPro analysis suggests the stock is currently undervalued, with 8 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, MGIC Investment Corp reported its second-quarter 2025 earnings, which exceeded analysts’ expectations. The company announced earnings per share of $0.82, surpassing the forecasted $0.72, representing a positive surprise of 13.89%. However, MGIC Investment’s revenue slightly missed expectations, coming in at $304.24 million compared to the anticipated $305.95 million. Despite this revenue miss, the earnings results were well-received. There were no significant mergers or acquisitions reported in this period. Additionally, no analyst upgrades or downgrades were noted for MGIC Investment in the recent updates. These developments reflect the latest financial performance and market reactions concerning MGIC Investment Corp.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.