Fox Business - The Power to Prosper
Search Site

MGIC Investment

Genworth Shares Boosted By MGIC Earnings Beat

Genworth Financial, Inc. shares rose more than 4% on Tuesday, getting a boost from rival MGIC Investment Corporation after it reported better than expected earnings. The financial services and mortgage insurance firm MGIC reported first-quarter net income of $60 million, or $15 cents a share, compared to a loss of $72.9 million, or 30 cents a share, in the same period the year before. Revenue was $235 million, compared to $269.2 million the year before. Analysts expected net income of 11 cents a share on revenue of $214.3 million. The firm also reported new insurance policies amounted to $5.2 billion, compared to $6.5 billion in the first quarter of 2013. Shares for mortgage insurance company Radian Group Limited were also up nearly 5%.Copyright © 2014 MarketWatch, Inc....

Read More

  1. Mortgage Insurers Rally on Barclay's Upgrades

    Shares of mortgage insurers MGIC Investment (NYSE:MTG) and Radian Group (NYSE:RDN) rallied on Tuesday following an upgrade by Barclay's (NYSE:BCS).Milwaukee mortgage...

  2. Market Wrap for Monday, March 4: Stocks Post Small Gains

    The U.S. stock market was moderately higher on Monday as investors reacted to comments from Federal Reserve vice chair Janet Yellen, who argued the central bank need...

  3. AIG, Other Insurers in U.S. Consumer Bureau Probe

    The Consumer Financial Protection Bureau is probing American International Group Inc. (AIG), Genworth Financial Inc. (GNW) and other firms as part of a broad, indust...

  4. AIG, Other Insurers Face US Consumer Bureau Probe

    The Consumer Financial Protection Bureau is probing American International Group Inc. (AIG), Genworth Financial Inc. (GNW) and other firms as part of a broad, indust...

  5. ProShares Trust Ultra VIX Short Term Futures ETF, Direxion Daily Large Cap Bear 3X Shares Among Stocks hitting 52-Week Lows Friday

    These nine stocks fell to 52-week lows:While trading on below-average volume, ProShares Trust Ultra VIX Short Term Futures ETF (NYSE:UVXY) sunk today, hitting and th...

  6. PMI unit seized by Arizona insurance regulators

    The main subsidiary of mortgage insurer PMI Group Inc <PMI.N> has been seized by Arizona insurance regulators, and will begin paying only 50 percent of claims starti...

  7. Mortgage Insurers Drop After MGIC Results

    SAN FRANCISCO -- Mortgage insurers dropped Wednesday after MGIC Investment Corp. reported quarterly results. MGIC reported a net loss for the quarter ended Dec. 31 o...

  8. The Cracks in Congress's Housing Rescue

    Democrats in Congress got their way when they pushed through legislation that would expand the powers of the Federal Housing Administration (FHA), the government age...

  9. The Cracks in Congress’s Housing Rescue « Emac's Stock Watch

    July 8, 2008 08:28 AM UTC by Elizabeth MacDonaldThe Cracks in Congress's Housing RescueDemocrats in Congress got their way when they pushed through legislation that ...

  10. The Cracks in Congress's Housing Rescue

    July 08, 2008 8:28 AM The Cracks in Congress's Housing Rescueby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Democrats in Cong...

  1. Market Wrap for Tuesday, July 23: Stocks Close Mixed as Investors Focus on Earnings

    The stock market meandered for much of Tuesday's trading session and some late-day selling sent the S&P 500 and Nasdaq out with losses.The Dow Jones Industrial Avera...

  2. Mortgage insurer MGIC back in profit as housing recovers

    Mortgage insurer MGIC Investment Corp posted its first quarterly profit in three years as fewer people defaulted on their home loans in a recovering housing market.M...

  3. Mortgage insurer Genworth to cut 400 jobs

    Life and mortgage insurer Genworth Financial Inc said it will cut 400 jobs to reduce costs by up to $90 million a year.The company, which has about 5,800 employees, ...

  4. NMI Sells Its First Mortgage-Insurance Policies

    NMI Holdings Inc., a new mortgage insurer, sold its first policies earlier this month, becoming just the second new company to enter the niche market of insuring hom...

  5. Mortgage insurers, regulator settle over alleged kickbacks

    Four mortgage insurers agreed to pay about $15 million to settle claims that they paid kickbacks to mortgage lenders in exchange for business, the consumer watchdog ...

  6. U.S. Consumer Bureau Hits Four Mortgage Insurers With $15 Million Penalty

    A U.S. regulator on Thursday fined the main companies in the U.S. mortgage insurance business a combined $15.4 million in penalties, accusing them of paying illegal ...

  7. Market Wrap for Tuesday, March 5: Stocks Rally as Dow Closes at New All-Time High

    The U.S. stock market rallied on Tuesday, sending the Dow Jones Industrial Average out at a new all-time high. Sentiment benefited from a better than expected ISM Se...

Freebase CC-BY
Source: MGIC Investment on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL