MGIC Investment (MTG) Tops Q3 EPS by 12c, Revenues Beat

MGIC Investment (NYSE: MTG) reported Q3 EPS of $0.48, $0.12 better than the analyst estimate of $0.36. Revenue for the quarter came in at $290.4 million versus the consensus estimate of $274.42 million.

Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC"), said, "In the third quarter we again saw an increase of insurance in force, a reduction in new primary delinquent notices, and a decline of the primary delinquent inventory. The current operating environment enables us to report another quarter of strong earnings." Sinks added that, "MGIC is, and expects to remain, in a strong capital position following the finalization of the revised PMIERs financial requirements and paid a $60 million dividend to the holding company in the third quarter."

For earnings history and earnings-related data on MGIC Investment (MTG) click here.

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