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Actionable news in MTG: MGIC INVESTMENT Corp,

MGIC Investment (MTG) Stock Slumping on Q1 Earnings Miss

NEW YORK (TheStreet) -- Shares of MGIC Investment Corp. (MTG - Get Report) are dropping by 4.3% to $7.45 on heavy trading volume early Tuesday afternoon, following the release of the company's 2016 first quarter results.

Before today's opening bell, the Milwaukee-based mortgage insurance company posted earnings of 17 cents per diluted share, which did not meet analysts' estimates of 22 cents per share.

Revenue for the period was $258.58, roughly in line with Wall Street's expectations of $258.59 million.

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