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Profile - MGIC Investment Corp. (NYSE:MTG)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials
Recent Events
Sep  4Dividend payment of $0.025
Location
250 East Kilbourn Avenue
Milwaukee, WI 53202
Phone: (414) 347-6480
Fax: (414) 347-6959
Email: jim_mcginnis@mgic.com
Employees (last reported count): 1,093
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Insurance (Prop. & Casualty)
Company Website
 ·Home Page

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Index Membership
 ·S&P 500
Ownership
·Insider and 5%+ Owners: 21%
·Over the last 6 months:
 · 9 insider sells; 2.31M shares
  (9.3% of insider shares)
·Institutional: 94% (120% of float)
(985 institutions)
·Net Inst. Buying: 2.73M shares (+2.62%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
MGIC Investment Corporation is a holding company that, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), is a provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes with less than 20% down payments. In addition to mortgage insurance on first liens, the Company, through other subsidiaries, insures residential second mortgages and provides lenders with various underwriting and other services and products related to home mortgage lending. MGIC is licensed in all 50 states of the United States, the District of Columbia and Puerto Rico.
More from Market Guide: Expanded Business Description

Financial Summary
MTG, a holding company, provides private mortgage insurance coverage in the United States to the home mortgage lending industry through Mortgage Guaranty Insurance Corp. For the six months ended 6/30/01, total revenues increased 23% to $660 million. Net income increased 21% to $319.1 million. Revenues reflect an increase in new business writings and realized investment gains. Earnings were partially offset by higher underwriting and interest expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Curt Culver, 48
Pres, CEO, Director
$1.5M$1.9M
J. Lauer, 56
CFO, Exec. VP
728K7.2M
James MacLeod, 53
Exec. VP-Field Operations of MGIC
646K2.7M
Lawrence Pierzchalski, 48
Exec. VP- Risk Management of MGIC
645K2.5M
Lou Zellner, 50
Exec. VP-Corp. Devel. of MGIC
--  --  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:MTGAs of 31-Aug-2001
Price and Volume
52-Week Low
on 19-Jan-2001
$51.00 
Recent Price$69.90 
52-Week High
on 27-June-2001
$77.31 
Beta0.71 
Daily Volume (3-month avg)653.0K
Daily Volume (10-day avg)690.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+19.4%
52-Week Change
relative to S&P500
+60.1%
Share-Related Items
Market Capitalization$7.50B
Shares Outstanding107.3M
Float84.8M
Dividends & Splits
Annual Dividend (indicated)$0.10 
Dividend Yield0.14%
Last Split: 2 for 1 on 3-June-1997
Per-Share Data
Book Value (mrq)$25.93 
Earnings (ttm)$5.55 
Earnings (mrq)$1.49 
Sales (ttm)$11.47 
Cash (mrq)$0.12 
Valuation Ratios
Price/Book (mrq)2.70 
Price/Earnings (ttm)12.60 
Price/Sales (ttm)6.10 
Income Statements
Sales (ttm)$1.24B
EBITDAN/A 
Income available to common (ttm)$597.8M
Profitability
Profit Margin (ttm)48.4%
Operating Margin (ttm)70.8%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)15.66%
Return on Equity (ttm)24.49%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.15 
Total Cash (mrq)$12.3M
Short Interest
As of 8-Aug-2001
Shares Short2.16M
Percent of Float2.5%
Shares Short
(Prior Month)
1.80M
Short Ratio3.07 
Daily Volume704.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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