Actionable news
All posts from Actionable news
Actionable news in MTG: MGIC INVESTMENT Corp,

MGIC Investment (MTG) Stock Spikes as Q2 Results Beat Expectations

NEW YORK (TheStreet) -- Shares of MGIC Investment (MTG) are jumping 8.86% to $6.95 on heavy trading volume midday Tuesday after the company posted earnings and revenue that were above analysts' expectations.

Before today's market open, the Milwaukee-based mortgage insurance firm reported earnings of 26 cents per diluted share, surpassing analysts' estimates of 20 cents per share.

Revenue was $263.5 million for the quarter, higher than Wall Street's forecasts of $255.15 million.

Net premiums written for the quarter were $250 million vs. $226.8 million last year.

"I am pleased to report that our insurance...