MGIC Investment CorpMGIC Investment beat EPS estimates and highlighted a 14.5% return on equity, with revenue in line with expectations.
MGIC Investment reported second-quarter revenues of $295.4 million, down 2.9% year over year, in line with analyst expectations. The company beat analysts' EPS estimates, and CEO Tim Mattke highlighted a 14.5% return on equity. The stock is up 1.9% since reporting and currently trades at $31.15. Among peers, Essent Group posted revenues of $362.7 million, up 13.6% year over year and beating expectations by 9.7%, while Radian Group reported revenues of $580.7 million, up 90.8% year over year but missed EPS estimates. First American Financial reported revenues of $2.12 billion, up 15% year over year, and Trupanion reported revenues of $392.9 million, up 11.1% year over year.
MGIC Investment CorpMGIC Investment beat EPS estimates and highlighted a 14.5% return on equity, with revenue in line with expectations.
Essent Group LtdEssent Group reported revenues up 13.6% and beat expectations by 9.7%.
Radian Group IncRadian Group reported revenues up 90.8% but missed EPS estimates, creating mixed impact.
First American Corporation
Trupanion Inc