MGIC Investment Corp. (MTG)

[tommiegun54]

SHORT INTEREST UPDATE

SHORT INTEREST (02/12/21)
Shares Sold Short 27.54 M
Change from Last -4.21%
Percent of Float 8.26%
Source: Wall Street Journal

ALTHOUGH, SHORT INTEREST DECLINED, IT REMAINS ELEVATED COMPARED TO JUNE 2020 WHEN IT WAS 15 MILLION AND MTG WAS $9 SHARE.

[tommiegun54]

UPDATE: BUY MTG, MGIC HAS BEST VALUATION, CAPITALIZATION IN PMI INDUSTRY

Today's book value $13.88 will be closer to $14.50 in Q1 2021

RESERVE PER POTENTIAL CLAIM
MGIC INVESTMENT COMPANY $15,100
RADIAN. $14,758
ESSENT GUARANTY. $11,900
NMI HOLDINGS. $7,400*

*As claims decline, reserves will revert to profit for PMI COMPANIES*

*NMI HOLDINGS SEEMS IS UNDER RESERVED FOR LOSSES, INDICATING ONLY HALF THE RESERVE OF MGIC AND $4,500 LESS THAN ESSENT
MOST CURRENT DATA FROM FINANCIAL RESULTS.

NOTE: RADIAN increased loan loss reserve at 2020 FYE

MGIC IS UNDERVALUED BASED ON IT'S CASH GENERATION AND MARKETSHARE SUPERIORITY.

MGIC has best P/E 9.46
Price to book .93
Forward P/E 7.47
COMBINED RISK TO CAPITAL 9.1

NMIH PRICE/BOOK 1.47
P/E 10.76
COMBINED RISK TO CAPITAL 15.1
Book value $16.08

[RickNagra]

Premarket activity heating up. Are they dumb too ?

[tommiegun54]

BUY lMGIC HAS BEST VALUATION, CAPITALIZATION IN PMI INDUSTRY

Today's book value $13.88 will be closer to $14.50 in Q1.

RESERVE PER POTENTIAL CLAIM
MGIC INVESTMENT COMPANY $15,100
RADIAN. $12,168
ESSENT GUARANTY. $11,900
NMI HOLDINGS. $7,400*

*NMI HOLDINGS SEEMS IS UNDER RESERVED FOR LOSSES, INDICATING ONLY HALF THE RESERVE OF MGIC AND $4,500 LESS THAN ESSENT
MOST CURRENT DATA FROM FINANCIAL RESULTS.

MGIC IS UNDERVALUED BASED ON IT'S CASH GENERATION AND MARKETSHARE SUPERIORITY.

MGIC has best P/E 9.46
Price to book .93
Forward P/E 7.47
COMBINED RISK TO CAPITAL 9.1

NMIH PRICE/BOOK 1.47
P/E 10.76
COMBINED RISK TO CAPITAL 15.1
Book value $16.08

[tommiegun54]

BUY INTO TODAY DOWNTURN(ACCUMULATION ATTEMPT) MGIC HAS BEST VALUATION, CAPITALIZATION IN PMI INDUSTRY

Today's book value $13.88 will be closer to $14.50 in Q1.

MGIC IS UNDERVALUED BASED ON IT'S CASH GENERATION AND MARKETSHARE SUPERIORITY.

MGIC has best P/E 9.46
Price to book .93
Forward P/E 7.47
COMBINED RISK TO CAPITAL 9.1

NMIH PRICE/BOOK 1.47
P/E 10.76
COMBINED RISK TO CAPITAL 15.1
Book value $16.08

[RickNagra]

Oh in that case I better put the shares back.

[tommiegun54]

UPDATE: MGIC NET CASH FROM OPS 2020 $732MM V. ESTIMATE $700MM

SOURCE:SEC 10K 2020

MGIC BEATS ANALYST EARNINGS ESTIMATE BY $.04 CENTS MATCH REVENUE EST. $302 MILLION

HIGHLIGHTS:
BOOK VALUE $13.88
EARNINGS 149.5 MILLION Q4 2020
EARNINGS PER SHARE $1.29 2020 v. $1.28
EARNINGS PER SHARE $.44 CENTS Q4 2020
RECORD NEW INSUR WRITTEN 33.2 MILLION Q4
NEW INSURANCE WRITTEN FOR 2020 $112.1 MIL.

"Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "I am pleased to report that we finished 2020 with strong financial results which reflect the favorable housing market trends we have been experiencing especially in the second half of the year."

"Despite the economic effects of the COVID-19 pandemic, the housing market has been resilient and, given our market presence and the overall market size, we wrote $112.1 billion of new insurance in 2020, including $33.2 billion in the fourth quarter. As a result, insurance in force increased more than 10% year-over-year, despite the lower annual persistency associated with the strong refinance market.

In 2020, we further strengthened our already strong capital and liquidity positions by reducing the amount of holding company debt due in 2023, increasing liquidity at our holding company, ceding additional risk through reinsurance transactions, and increasing MGIC's statutory and PMIERs capital positions."

[tommiegun54]

Rick only idiots buy in the ah..

[RickNagra]

Blowout earnings. After hours will be on fire now. Wow wow and green moon and wow great.

[tommiegun54]

MGIC BEATS ANALYST EARNINGS ESTIMATE BY $.04 CENTS MATCH REVENUE EST. $302 MILLION

HIGHLIGHTS:
BOOK VALUE $13.88
EARNINGS 149.5 MILLION Q4 2020
EARNINGS PER SHARE $1.29 2020 v. $1.28
EARNINGS PER SHARE $.44 CENTS Q4 2020
RECORD NEW INSUR WRITTEN 33.2 MILLION Q4
NEW INSURANCE WRITTEN FOR 2020 $112.1 MIL.

"Tim Mattke, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC") said, "I am pleased to report that we finished 2020 with strong financial results which reflect the favorable housing market trends we have been experiencing especially in the second half of the year."

"Despite the economic effects of the COVID-19 pandemic, the housing market has been resilient and, given our market presence and the overall market size, we wrote $112.1 billion of new insurance in 2020, including $33.2 billion in the fourth quarter. As a result, insurance in force increased more than 10% year-over-year, despite the lower annual persistency associated with the strong refinance market.

In 2020, we further strengthened our already strong capital and liquidity positions by reducing the amount of holding company debt due in 2023, increasing liquidity at our holding company, ceding additional risk through reinsurance transactions, and increasing MGIC's statutory and PMIERs capital positions."

[tommiegun54]

MGIC BEATS ANALYST Q4 2020 ESTIMATES WITH $.44 CENTS A SHARE VS. $.40 CENTS

Press Release
8-K: MGIC INVESTMENT CORP
Published: Feb. 23, 2021 at 4:23 p.m. ET



(EDGAR Online via COMTEX) -- 0000876437false00008764372020-08-042020-08-04

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): February 23, 2021
MGIC Investment Corporation
__________________________________________
(Exact name of registrant as specified in its charter)
Wisconsin 1-10816 39-1486475
__________________________________ _____________________ ____________________________
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
250 E. Kilbourn Avenue Milwaukee, Wisconsin 53202
________________________________ ___________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: [phone]

Advertisement
Not Applicable
Former name or former address, if changed since last report
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol Name of each exchange on which registered
Common stock MTG New York Stock Exchange
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company ?

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

--------------------------------------------------------------------------------
Item 2.02 Results of Operations and Financial Condition. The Company issued a press release on February 23, 2021 announcing its results of operations for the quarter ended December 31, 2020 and certain other information. The press release is furnished as Exhibit 99.

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Item 9.01 Financial Statements and Exhibits. (d) Exhibits Pursuant to General Instruction B.2 to Form 8-K, the Company's February 23, 2021 press release is furnished as Exhibit 99 and is not filed.

Press Release dated February 23, 2021. (Pursuant to General Instruction
B.2 to Form 8-K, this press release is furnished and is not filed.)
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the Inline XBRL document).
--------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MGIC INVESTMENT CORPORATION
Date: February 23, 2021 By: \s\ Julie K. Sperber
Julie K. Sperber
Vice President, Controller and Chief Accounting Officer
Exhibit 99
Investor Relations: Michael J. Zimmerman | [phone] |


MGIC Investment Corporation Reports Fourth Quarter 2020 Results

Fourth Quarter 2020 Net Income of $151.4 million or $0.44 per Diluted Share.

Fourth Quarter 2020 Adjusted Net Operating Income (Non-GAAP) of $149.5 million or $0.43 per Diluted Share

Full Year 2020 Net Income of $446.1 million or $1.29 per Diluted share
Full Year 2020 Adjusted Net Operating Income (Non-GAAP) of $456.8 million or $1.32 per Diluted Share

MILWAUKEE (February 23, 2021) - MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter of 2020. Net income for the quarter was $151.4 million, or $0.44 per diluted share, compared to net income of $177.1 million, or $0.49 per diluted share, for the fourth quarter of 2019.

Net income for the full year of 2020 was $446.1 million, or $1.29 per diluted share, compared to $673.8 million, or $1.85 per diluted share, for the full year of 2019.

Adjusted net operating income for the fourth quarter of 2020 was $149.5 million, or $0.43 per diluted share, compared to $176.1 million, or $0.49 per diluted share, for the fourth quarter of 2019. Adjusted net operating income for the full year of 2020 was $456.8 million, or $1.32 per diluted share, compared to $669.7 million, or $1.84 per diluted share for 2019. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between periods of our financial results. See " Use of Non-GAAP financial measures " below.

[tommiegun54]

MGIC IS A CASH COW WHILE THE GROWTH COS STRUGGLE TO HAVE CASH ON HAND.

I HAVE BEEN TALKING ABOUT THE FACT THAT ESSENT GUARANTY AND NMI HOLDINGS DON'T HAVE THE NECESSARY CASH ON HAND FOR OPERATIONS FOR OVER TWO YEARS, THEY GOT HIT HARD BY COVID-19 AND HAD TO ISSUE STOCK IN JUNE 2020 TO FUND THEIR "LOAN LOSSES AND LAE" RESERVE.

If ESSENT didn't borrow from the bank $700 million, they have had to issue even more stock to capitalize their operations. The reason they fell short of analyst estimates was they wanted bring loan loss reserves back to level of December 31, 2019, pre-covid.

But, wait the $11,000 reserve does not nearly match their per loan claim cost. They have to borrow money from the bank to pay their claims.

NMI HOLDINGS wanted to appear strong and meet or exceed analyst estimates. But, when ask by the analyst when they will pay a dividend, they said no time soon.

RADIAN is in good shape CashWise and started paying a dividend comparable to the other PMI COMPANIES IN Q3 2020.

As of September 30, 2020 MGIC Holding Company cash was $871 million versus annual interest payments of $66 million.

MGIC IS LOADED WITH CASH AND CASH IS EVERYTHING...

[RickNagra]

Gotcha

[tommiegun54]

Q4 2020 EARNINGS REPORT AFTER MARKET TODAY

CORRECTION...

[RickNagra]

The current price action is $12.47. Tomorrow Tuesday I believe the price may drop somewhat or perhaps go up somewhat. It’s really hard to say. I usually watch the Dow for signs. Premarket activity is usually a good sign but not always reliable. Okay well that concludes my analysis here. We shall see tomorrow how correct I was.

[tommiegun54]

$13.33 PRESENT BOOK VALUE MGIC SHOULD BE CLOSER TO $14 TOMMOROW MORNING

MGIC INVESTMENT EARNINGS REPORT TOMMOROW AM.

[tommiegun54]

MGIC NET CASH FROM OPERATIOS COULD EXCEED $700 MILLION FOR 2020

NET CASH FROM OPS WAS $508 MILLION AS OF SEPTEMBER 30, 2020, HOWEVER, REGULAR NET OPER. ACTIVITY PLUS REDUCED BUILD IN LOAN LOSS RESERVE COULD PROVIDE THE NECESSARY BOOST.

Holding Company cash was $871 million versus annual interest payments of $66 million.

Source: SEC 10Q SEP 2020 PAGE 12

MGIC REPORTS YE RESULTS TOMMOROW

[Taurus69]

$mtg $12.7 ^ 0.37 (3.00%)
Volume: 5,142,025 @02/19/21 7:00:00 PM EST

[RickNagra]

Could see over $15 today

[tommiegun54]

BUY INTO DOWNTURN IN PMI STOCKS TODAY

I BELIEVE ESSENT GUARANTY, RADIAN AND MGIC WILL REPORT EVEN BETTER EARNINGS THAN NMI HOLDINGS. NMI HOLDINGS had a good Q4 2020 quarter. All PMI COMPANIES WILL CONTINUE TO BUILD ENTERPRISE VALUE.

The PMI COMPANIES are seeing high levels of new insurance written and lower cost ratios as delinquency of loans insured decline.

[tommiegun54]

NMI HOLDINGS BEATS ON NET INCOME AND REVENUES

Here's the deal:
"Quarterly Results

Earnings per share were $0.59 cents, which beat the estimate of $0.50.


Revenue of $109,903,000 higher by 4.77% from the same period last year, which beat the estimate of $104,200,000."

Many writers are mistaken when they take the highest estimate of 13 analyst's estimates and then say that's the number.

Most writers aren't financial analysts. So, they don't know what their even writing about, their essentially: "parrots"

Yahoo Finance "analysts":
"
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/nmi-holdings-q4-earnings-insights-214952636.html";

NMIH SNAPSHOT OF YAHOO COMPOSITE OF ANALYSTS ESTIMATES:

https://finance.yahoo.com/quote/NMIH/analysis?p=NMIH&.tsrc=fin-srch

[tommiegun54]

NMI HOLDINGS BEATS ON NET INCOME AND REVENUES

Here's the deal:
"Quarterly Results

Earnings per share decreased 21.33% over the past year to $0.59, which beat the estimate of $0.50.


Revenue of $109,903,000 higher by 4.77% from the same period last year, which beat the estimate of $104,200,000."

Many writers are mistaken when they take the highest estimate of 13 analyst's estimates and then say that's the number.

Most writers aren't financial analysts. So, they don't know what their even writing about, their essentially: "parrots"

Yahoo Finance "analysts":
"
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/nmi-holdings-q4-earnings-insights-214952636.html";

[tommiegun54]

UNDERVALUED STOCK OPTION: MARCH 19, $13 STRIKE CALL

I've been watching this call. What's happen is market makers oversold it.

Current price is $.57 cents due expire on March 19th.

Potential is probably $$.40 to $.60, with an incremental increase as MTG approaches $13/share.

I estimate MTG BOOK AT $13.80 FROM CURRENT$13.33/share, when MTG approaches earning reporting next Tuesday.

Nonetheless, you will have 31 days to trade it.

[RickNagra]

Up 47 cents today

[tommiegun54]

LOOK FOR PMI COMPANIES TO BEAT ANALYST ESTIMATES THIS WEEK

PMI'S are now rreporting lower delinquencies monthly and quarterly. The reduction in defaults allow the companies to lower reserves per loan or reverse the loan losses Outlook, when considering actual losses.

"$84 MILLION LOSS RESERVES RELEASED FROM LLR AND LAE IN Q4 2020 POTENTIALLY

*IF ADDED TO NET INCOME, THAT'S A $.26 CENTS EXTRA ADDED TO EARNINGS PER SHARE FOR Q4 2020 TO THE ANALYST'S EARNINGS ESTIMATE OF $.39 CENTS

*THE $.64 CENTS EARNINGS PER SHARE, WOULD BLOW APART ANALYST ESTIMATES OF $.39 CENTS

*THAT'S 10% OF Q3 2020 LOAN LOSS RESERVES OF $840 MILLION AS OF Q3 2020

*10% OF LOAN DELINQUENCIES WERE REMOVED LOAN DEFAULTS AS OF DECEMBER 31, 2020

Beating analyst earnings estimates by 66% has not been a pattern that management has taken in the past.

I estimate management will post EARNINGS of $.48 - $.49 cents per share, that's a 25% increase or beat of analyst's estimates for Q4 2020

MGIC HAS ALREADY DECLARED a DIVIDEND on MTG PAYABLE TO HOLDERS OVER THE NEXT WEEK.

I BELIEVE MANAGEMENT WILL CONTINUE TO BUILD LOAN LOSS RESERVES with the remainder of the $84 million savings from reduced DELINQUENCIES."

[RickNagra]

Here we go. Should see $14 today.

[tommiegun54]

GOOD NEWS FOR PMI COS. - FHFA EXTENDS FORBEARANCE PERIOD FOR 3 MONTHS

FORBEARANCE WERE DUE TO START EXPIRING IN MARCH 2021

JANN SWANSON
MORTGAGE NEWS DAILY

"FHFA Extends Forbearance Periods an Extra Three Months
Feb 11 2021, 10:13AM

Most of the accommodations that have been allowed lenders and borrowers by the Federal Housing Finance Agency (FHFA) due to the COVID-19 pandemic were modified or extended this past week. FHFA, the regulator and conservator of the GSEs Fannie Mae and Freddie Mac, extended eligibility for mortgage forbearance by three months. Forbearance allows homeowners who are financially impacted by the pandemic, to temporarily reduce or forego mortgage payments. It has been available for three-month terms with extensions available up to a total of 12 months. Existing plans would begin reaching that deadline at the end of March but FHFA has now authorized an additional three-month term, a total of 15 months. An estimated 2.7 million homeowners are in active plans.

The COVID-19 Payment Deferral allows forborne homeowners to repay those missed payments at the time their home is refinanced, sold, or when their mortgage reaches maturity. That program was originally designed to cover 12 months of missed mortgage payments, but it too has now been modified to 15 months.

The moratorium on single-family foreclosures was extended by one month to March 31, 2021 as was the moratorium on evictions. The eviction moratorium applies to properties held in GSE owned real estate portfolios."

[RickNagra]

Up 4 ticks.

[tommiegun54]

MTG BREACHES 50 DAY MOVING AVERAGE AT $12.48 "BUY NOW"

At least that what the pros would recommend.

I'm all in at 90% portfolio. Lots of good news coming....

[tommiegun54]

MTG BREACHES 50 DAY MOVING AVERAGE "BUY NOW"

At least that what the pros would recommend.

I'm all in at 90% portfolio. Lots of good news coming....

[RickNagra]

Wow

[tommiegun54]

$84 MILLION LOSS RESERVES RELEASED FROM LLR AND LAE IN Q4 2020

*IF ADDED TO NET INCOME, THAT'S $.26 CENTS EXTRA EARNINGS PER SHARE FOR Q4 2020 OF THE ANALYST'S EARNINGS ESTIMATE OF $.39 CENTS

*THE $.64 CENTS EARNINGS PER SHARE, WOULD BLOW APART ANALYST ESTIMATES OF $.39 CENTS

*THAT'S 10% OF Q3 2020 LOAN LOSS RESERVES OF $840 MILLION

*10% OF LOAN DELINQUENCIES WERE REMOVED LOAN DEFAULTS AS OF DECEMBER 31, 2020

Beating analyst earnings estimates by 66% has not been a trend pattern that management has taken in the past.

I estimate management will post EARNINGS of $.48 - $.49 cents per share, that's a 25% increase or beat of analyst's estimates for Q4 2020

MGIC HAS ALREADY DECLARED a DIVIDEND on MTG PAYABLE TO HOLDERS OVER THE NEXT WEEK.

I BELIEVE MANAGEMENT WILL CONTINUE TO BUILD LOAN LOSS RESERVES with the remainder of the $84 million savings from reduced DELINQUENCIES.

[RickNagra]

Wow wow and green green

[tommiegun54]

"IT'S A GO" AS PMI COMPANIES REPORT DECLINING TREND IN DELINQUENCIES CONTINUE IN JANUARY 2021



REMEMBER DECLINING DELINQUENCY= $$$ PROFITS AND MORE IMPORTANTLY CASH.

I wouldn't be surprised if MGIC BOOK VALUE ENDS Q4 WITH BOOK VALUE AT $14 FROM Q3 2020 $13.33.

http://m.digitaljournal.com/pr/4965215


https://www.globenewswire.com/news-release/2021/02/03/2169035/0/en/NMI-Holdings-Inc-Releases-Monthly-Operating-Statistics-for-January-2021.html

[tommiegun54]

MGIC IS ONLY PMI CO TO ANNOUNCE DIVIDEND FOR Q1 2021

You don't pay dividends if you're nmih.

Delinquency declining equals more money and profits for MGIC.

Look at this covid 19 chart:

https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html

DELINQUENCIES DECLINED 10.41% IN 3 MO PERIOD ENDING DEC 31, 2020 AT MGIC INVESTMENT CORPORATION

•THIS IS SENSATIONAL AND UNEXPECTED NEWS AND UNSEASONABLE

•THE DECLINE IN DELINQUENCIES WILL LEAD TO HIGHER THAN EXPECTED PROFITS, WHEN MGIC REPORTS Q4 2020 EARNINGS AND GOING FORWARD

Expect analysts to increase earnings projections. So far analysts have increased earnings estimates to $.39 from $.37

So far, analysts have already raised earnings estimates by two cents to $.39. For Q4 2020. However, when analysts digest the trends, expect more money and, a boost to book value in excess of $13.72 from $13.33.

All the PMI COMPANIES WILL GET A BOOST TO REVENUES FOR Q4 FROM DECLINING DELINQUENCIES ARD CORRESPONDING RESERVE REQUIREMENTS.

"Black Knight: National Mortgage Delinquency Rate Decreased in December

Note: Loans in forbearance are counted as delinquent in this survey, but those loans are not reported as delinquent to the credit bureaus."

https://www.calculatedriskblog.com/2021/01/black-knight-national-mortgage.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+CalculatedRisk+(Calculated+Risk)&m=1

[Taurus69]

$mtg $12.13 ^ 0.15 (1.25%)
Volume: 3,697,049 @02/02/21 7:00:00 PM EST

[RickNagra]

Wow find

[tommiegun54]

HOLD ONTO YOUR MTG SHARES YOU BE REWARDED

With the turbulence lately, you might be wondering should should I exit?

The fundamentals of the PMI market are now the best that they have been in the last 12 months.

I believe that short interest holders are behind the gyrations of the last 2 weeks. In times like these, it's important to remember that MTG is undervalued at $11.80, when the stock book value is $13.33 and, it will probably end 2021 over $14 a share.

[RickNagra]

Wow great find.

[tommiegun54]

U.S. COVID-19 Cases Fell 34% in Last 2 Weeks - WEB MD

THE DRAMATIC DROP IN COVID-19 CASES WILL FILTER THROUGH TO A DRAMATIC DROP IN PMI COMPANY DELINQUENCIES THIS QUARTER.

PROFITS WILL ACCELERATE AS PMI COMPANIES UNWIND LOSS RESERVES SET UP TO COVER POTENTIAL IMPACT FROM COVID-19 LOSSES.

Jan. 28, 2021 -- New COVID-19 cases in the U.S. have fallen 34% during the past 2 weeks, according to the latest database tally from The New York Times.

The U.S. reported more than 155,000 new cases on Wednesday, and the weekly average was about 163,000 cases per day. At the peak 3 weeks ago, more than 300,000 new cases were reported each day.

Cases continue to decline in 45 states, the newspaper reported. California is reporting about 25,000 new cases per day, which is down from the peak of 44,000. South Carolina has reported a slight decline, though Florence, Greenville, and Spartanburg remain in the top 10 nationally for metro areas with high cases per capita.

Hospitalizations are also beginning to decline, according to the COVID Tracking Project. At the peak in early January, more than 130,000 COVID-19 patients were hospitalized across the country. On Wednesday, 107,000 patients were hospitalized, and the 7-day average was about 112,000.

COVID-19 deaths, which tend to lag behind new cases and hospitalizations, are still near peak levels, with more than 3,000 per day, the COVID Tracking Project reported. On Wednesday, more than 4,000 deaths were reported. During the past 2 weeks, 13 states have reported an increasing number of deaths, particularly in the South, according to the Times.

Although numbers are decreasing, 44 states remain at the highest COVID-19 risk level, according to NPR, with more than 25 new cases per 100,000 people per day. This represents “unchecked community spread,” the network reported. The current highest-risk states include Arizona, South Carolina, Rhode Island, Oklahoma, and Georgia, which all have more than 60 new cases per 100,000 people per day.

As the numbers drop in some states, officials have begun to roll back some restrictions. On Friday, North Dakota will drop its statewide risk level to the lowest level and allow bars and restaurants to increase their occupancy, according to The Wall Street Journal. On Feb. 1, Michigan will allow indoor dining again but at reduced capacity. New York City may allow indoor dining again soon at 25% capacity.

Overall, the U.S. has reported more than 25.5 million COVID-19 cases and 429,000 deaths, according to Johns Hopkins University. Worldwide, more than 100 million cases have been reported, as well as 2.1 million deaths.

WebMD Health News Brief
Sources
© 2021 WebMD, LLC. All rights reserved.

[tommiegun54]

SHORT INTEREST MGIC UP 30.23 MILLION FROM 29.73 MIL. AS OF JAN 14, 2021


With all the volatility over the last week we will probably see a significant change as of January 31, 2021. Nonetheless, the current total of short interest is 9.07% of total outstanding shares

[tommiegun54]

IN THIS MARKET IT'S IMPORTANT TO KNOW THE UNDERLYING BOOK VALUE OF STOCKS

MGIC JAN. 28, 2021' $13.33

[tommiegun54]

APPRECIATION AND DIVIDENDS
MGIC INVESTMENT CORPORATION

Buy now hold through earnings release.

Then you'll receive dividend and the appreciation at this low price opportunity.

[tommiegun54]

DELINQUENCIES DECLINED 10.41% IN 3 MO PERIOD ENDING DEC 31, 2020 AT MGIC INVESTMENT CORPORATION

•THIS IS SENSATIONAL AND UNEXPECTED NEWS AND UNSEASONABLE

•THE DECLINE IN DELINQUENCIES WILL LEAD TO HIGHER THAN EXPECTED PROFITS, WHEN MGIC REPORTS Q4 2020 EARNINGS AND GOING FORWARD

Expect analysts to increase earnings projections. So far analysts have increased earnings estimates to $.39 from $.37

So far, analysts have already raised earnings estimates by two cents to $.39. For Q4 2020. However, when analysts digest the trends, expect more money and, a boost to book value in excess of $13.72 from $13.33.

All the PMI COMPANIES WILL GET A BOOST TO REVENUES FOR Q4 FROM DECLINING DELINQUENCIES ARD CORRESPONDING RESERVE REQUIREMENTS.

"Black Knight: National Mortgage Delinquency Rate Decreased in December

Note: Loans in forbearance are counted as delinquent in this survey, but those loans are not reported as delinquent to the credit bureaus."

https://www.calculatedriskblog.com/2021/01/black-knight-national-mortgage.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+CalculatedRisk+(Calculated+Risk)&m=1

[RickNagra]

New dividends

[tommiegun54]

DECLINE IN COVID-19 CASES DOES NOT BODE WELL FOR MGIC 29 MILLION SHORT INTEREST HOLDERS

MTG SHORT INTEREST ROSE 14 MILLION FROM JUNE THRU DECEMBER 2020 AS SHORT INTEREST HOLDERS CONSISTENTLY GAMBLING THAT MTG WOULD DECLINE HOWEVER, MTG ROSE FROM $7 TO AS HIGH AS $13.81.

Now MTG short might seek desperate measures of stock volatility to scoop up shares. We will continue to monitor progress.

A RETURN TO A NORMAL ECONOMY WILL REDUCE MGIC DELINQUENCY BOOSTING MGIC PROFITABILITY. NOT GOOD FOR SHORT INTEREST AS BOOK VALUE INCREASES FROM $13.33 CUURENT BOOK VALUE.

WALL STREET JOURNAL

"U.S. Covid-19 Hospitalizations, Newly Reported Cases Decline
The number of people hospitalized in the U.S. due to Covid-19 fell to the lowest level since mid-December, while newly reported cases continued to decline."

https://www.google.com/amp/s/www.wsj.com/amp/livecoverage/covid-2021-01-25

[tommiegun54]

WITH COVID-19 CASES IN FREE FALL PMI COS ARE SET TO RALLY LIKE IT'S 1999

"The stock market is in risk-on mode as a sharp decline in COVID-19 cases means a big economic surprise is possible, Fundstrat's Tom Lee says
Matthew Fox
Jan. 24, 2021, 08:45 AM
"We are now seeing the strongest string of COVID-19 declines that was not seen since Wave 2 ended over the Summer," Lee explained.

A sharp decline in COVID-19 cases is leading to a newfound risk-on mode for the stock market, Fundstrat's Tom Lee said in a note on Thursday.
The bullish groundswell in stocks is evidenced by a rally in high-yield bonds and declining volatility.
If the COVID-19 downturn continues, a quicker-than-expected opening of the US economy would represent a big upside surprise for the market, Lee said."

https://www.google.com/amp/s/markets.businessinsider.com/amp/news/stock-market-outlook-covid19-downturn-risk-on-mode-economic-surprise-2021-1-1029996569

[RickNagra]

Oh no down 84 cents not good. Tommie giving bad advice.

[tommiegun54]

THE WORST MAY OVER AS 46 STATES REPORT LOWER CASES OF COVID

Overall cases are down 20 percent from a week ago.

"In 42 of those states, the seven-day case average has fallen more than 10% from a week earlier, while the other four had more modest drops, according to Covid Tracking Project data. Overall, the U.S. seven-day average is down 20% from a week "ago

Tha vaccine administration already having an effect.

https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2021-01-21/covid-cases-are-falling-in-46-states-easing-load-on-hospitals

[tommiegun54]

BARRON'S SAYS BUY MTG BASED ON IMPROVING PROFIT MARGINS FOR Q4 2021 AND GOING FORWARD

BARRON'S
JANUARY 19, 2021

"MGIC Investment MTG-NYSE

Buy Price $13.26 on Jan. 11

by BTIG

MGIC Investment, a mortgage insurer, released December 2020 operating statistics on Jan. 11 premarket.

MGIC’s December-ending default inventory declined 3% from November and 10% from the third quarter of 2020.

While MGIC’s default rate remains 100 to 200 basis points above new-entrant peers, the improvement in delinquent inventory is running ahead of our above-consensus expectations.

The data give us increased confidence in our positive view on improving credit, which should drive loss ratios lower and return on equity higher in the quarters ahead and lead to multiple expansion for MGIC and the group(PMI COMPANIES) overall.

We reiterate our Buy rating and $16 price target."

https://www.marketwatch.com/articles/walmart-continues-its-digital-push-with-a-move-into-fintech-51610760600?mod=mw_quote_news