Mgic Investment (MTG) news

MTG postpones Playsimple's potential IPO

Magic: The Gathering (MTG) has announced the postponement of the anticipated initial public offering (IPO) for its subsidiary, Playsimple, a digital entertainment platform. The decision follows a strategic review of market conditions and regulatory considerations. No specific timeline has been…

MGIC Investment: Barclays raises target price to $29 from $28

MGIC Investment Corporation: BTIG assumes coverage with neutral rating

BTIG has initiated coverage of MGIC Investment Corporation (NYSE: MTG) with a neutral rating, reflecting a balanced assessment of the company’s current financial position and market outlook. The firm’s analysis suggests that the stock is currently trading at a valuation that aligns with its…

Moody’s Ratings affirms MGIC’s ratings (BAA2 senior unsecured); outlook stable

Moody’s Ratings has affirmed the senior unsecured debt rating of MGIC Investment Corporation (NYSE: MTG) at Baa2, with a stable outlook. The rating agency also upgraded the insurance financial strength rating of MGIC’s principal operating subsidiary, Mortgage Guaranty Insurance Corporation (MGIC),…

MGIC 2Q net premiums earned $238.1M, est. $237M

MGIC reported second-quarter net premiums earned of $238.1 million, slightly exceeding the estimated amount of $237 million [1]. This figure reflects the company’s performance in the residential mortgage insurance sector during the quarter. The results indicate a stable trend in premium collection,…