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Magic Software Enterprises Ltd.
MGICTechnologyNASDAQIL
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MTG benefits from strong mortgage insurance growth, rising insurance in force and improving capital strength despite housing risks.
MTG Q1 earnings beat estimates as investment income stays stable, offsetting lower premiums and higher losses that weigh on revenues.
First Quarter 2026 Net Income of $165.3 million or $0.76 per Diluted Share First Quarter 2026 Adjusted Net Operating Income (Non-GAAP) of $165.1 million or $0.76 per Diluted Share MILWAUKEE, April 29, 2026 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2026. Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "We had a strong start to the year, successfully executing on our business strategies and generating solid first quarter results.
MILWAUKEE, April 23, 2026 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) announced its board of directors has approved an additional share repurchase program with authorization to purchase up to $750 million of its common stock. The company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended) at any time prior to December 31, 2028.
MGIC Investment Corporation remains rated Hold due to persistent headwinds in the US housing market and lack of competitive differentiation. MTG's EPS growth is primarily driven by aggressive share buybacks, with a 31.9% share reduction over five years, masking declines in net income. Despite a five-year streak of dividend increases and robust capital returns, MTG faces rising net losses and uneven home buying activity in key states.
Manhattan Associates (NASDAQ: MANH - Get Free Report) and Magic Software Enterprises (NASDAQ: MGIC - Get Free Report) are both computer and technology companies, but which is the superior stock? We will contrast the two companies based on the strength of their analyst recommendations, profitability, valuation, risk, earnings, institutional ownership and dividends. Insider and Institutional Ownership 98.5%
MILWAUKEE, April 2, 2026 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) has announced plans to release its first quarter 2026 financial results after the market closes on Wednesday, April 29, 2026. A conference call/webcast has been scheduled for 10:00 a.m.
