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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
- National MI Certified as a Great Place to Work for Ninth Consecutive Year • GlobeNewswire Inc. • 06/24/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:46:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 09:38:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/14/2024 08:31:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 12:31:55 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 12:30:21 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/14/2024 12:28:38 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 10:36:26 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/09/2024 12:00:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 09:09:03 PM
- NMI Holdings, Inc. Prices $425 Million Senior Unsecured Notes Offering and Enters Into New $250 Million Unsecured Revolving Credit Facility • GlobeNewswire Inc. • 05/07/2024 09:37:44 PM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 05/07/2024 09:23:57 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/07/2024 12:56:10 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 05/07/2024 11:05:21 AM
- 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
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