MGIC Investment Corp. (MTG)

[tommiegun54]

"UPSTART PMI COMPANIES" REMAIN UNDER RESERVED COMPARED TO MGIC AND RADIAN

IT'S TIME TO LEVEL PLAYING THE FIELD BETWEEN LEGACY COMPANIES AND UPSTARTS.

MGIC AND RADIAN ARE BETTER CAPITALIZED AND UNDERVALUED STOCK PRICED.

MGIC is showing more growth than so-called growth PMIs. MGIC is increasing marketshare metric above all companies in the industry and, RADIAN is returning more capital to shareholders than most companies.

Today MGIC'S price/BOOK is 1.01 and RADIAN's price to book is 1.03 vs. 1.46 for ESSENT and NMI HOLDINGS with P/B is 1.38.

By the way, PMI INDUSTRY P/B are well below S&P 500 FINANCIALS WHICH ARE CURRENTLY AVERAGING price/books IN EXCESS OF 2.00.

PMIs. will most likely start releasing there excess reserves in Q2 that they built up for the covid-19 pandemic. MGIC has reserves equivalent to $3.00 book value of $913 million and claims incurred cost of only 4.2% of reserves for loan losses/$38 million in Q1 2021.