MTG

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MGIC 4Q net income jumps to $107.5 million

Jan 19, 2017By

MGIC recorded a strong fourth quarter, posting net income of $107.5 million, or $0.28 per diluted share, which beat estimates by $0.06. However, Patrick Sinks, CEO of MTG and its primary subsidiary MGIC, explained that while the company achieved strong financial result in 2016, 2017 is not forecasted to go as well.

3d rendering of a row of luxury townhouses along a street

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