MGIC Investment Corporation is a provider of private lease insurance in the United States. It was incorporated in 1957. MGIC stock has offered investors returns of 68.74% in the past 12 months.
In April, the company declared its quarterly dividend of $0.06 per share. The forward yield is 1.65%On May 5, MGIC Investment Corporation reported its first-quarter 2021 earnings per share of $0.42, in line with the previous.
The company also announced its revenue of $297.96 million, down 2.9% YoY, missing the estimates by $4.71 million. However, net income increased to $150 million from $149.8 million a year ago. King Street Capital is the company’s most significant stakeholder, with 4.61 million shares worth $63.78 million.