Sunday, October 06, 2019 10:32:12 AM
MGIC INVESTMENT APPEARS TO BE A GEM AMONGST PEBBLES
These are recent price/earnings ratios and price/book value ratios. Price to book ratio is calculated by dividing the market price of a stock by it's accounting book value on it's Financial Statements issued annually or quarterly:
NAME ...PE ...FWD PE PRICE/BOOK*
MGIC.... 7.35. 7.66 .. 1.12
RADIAN. 8.29. .7.55. . 1.28
ESNT..... 9.54 . 8.28. . 1.80
NMIH . 14.29. .9.24. . 2.34
*S&P 500 AVERAGE PRICE TO BOOK VALUE IS 2.80
MGIC'S P/E ratio is the lowest of the four companies presented here. NMI HOLDINGS has the highest because, analysts expect NMI HOLDINGS to grow it's net income higher in a few years and lower it's P/E ratio, at least that's the ASSUMPTION!
In addition, NMI HOLDINGS also has the highest PRICE/BOOK RATIO. Once again analyst expect, that NMI HOLDINGS'S book price of $11.88 Will grow to $27.33 on it's FINANCIAL Statements in a few years, at least that's the assumption!
The implications of a high price/book value is there is no cash or capital on the balance sheet to back up the inflated price. So, if some financial need arises in the way of liabilities, OH WELL!
Consider putting some money into MGIC, who has been in business for 62 years. They have $1.1 billion in excess cash assets over PMIERS REQUIREMENTS, which theoretically adds $3.11 to it's book vale for a total of $15.82 in book value.
MGIC started the PMI business in 1957 and has the highest net operating income at $660 million annually as of FYE 2018 in the industry.
Recent NMIH News
- NMI Holdings, Inc. Reports Record First Quarter 2024 Financial Results • GlobeNewswire Inc. • 04/30/2024 08:01:00 PM
- NMI Holdings, Inc. to Announce First Quarter 2024 Financial Results on April 30, 2024 • GlobeNewswire Inc. • 04/11/2024 08:05:00 PM
- National MI Announces Enhanced Integration With PMI Rate Pro • GlobeNewswire Inc. • 04/04/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 01:05:31 PM
- NMI Holdings, Inc. Announces CFO Transition • GlobeNewswire Inc. • 03/04/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:15:09 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/21/2024 09:38:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:07:32 PM
- NMI Holdings, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 02/14/2024 09:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:47:14 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:44:03 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:38:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:36:55 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 01:35:09 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:46:54 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:40:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:38:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:34:47 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/10/2024 01:28:41 AM
- NMI Holdings, Inc. Receives Ratings Upgrade from Moody’s Investors Service • GlobeNewswire Inc. • 01/31/2024 07:38:16 PM
- NMI Holdings, Inc. Receives “A-” Insurer Financial Strength and “BBB+” Senior Debt Ratings from Fitch • GlobeNewswire Inc. • 01/19/2024 01:00:00 PM
- NMI Holdings, Inc. to Announce Fourth Quarter 2023 Financial Results on February 14, 2024 • GlobeNewswire Inc. • 01/19/2024 11:00:00 AM
- NMI Holdings, Inc. Announces Upgraded S&P Financial Strength Rating to BBB+ • GlobeNewswire Inc. • 01/11/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 11:18:07 PM
- NMI Holdings, Inc. Elevates William Leatherberry to Chief Administrative Officer • GlobeNewswire Inc. • 12/04/2023 09:06:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM