|Bid||16.13 x 1400|
|Ask||16.14 x 1300|
|Day's Range||15.94 - 16.19|
|52 Week Range||9.42 - 16.62|
|Beta (5Y Monthly)||1.71|
|PE Ratio (TTM)||9.58|
|Earnings Date||Nov 03, 2021|
|Forward Dividend & Yield||0.32 (2.00%)|
|Ex-Dividend Date||Aug 11, 2021|
|1y Target Est||17.61|
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MGIC Investment Corporation (NYSE: MTG) announced its board of directors has authorized a new share repurchase program under which the Company may repurchase up to $500 million of its common stock through the end of 2023. The new authorization is in addition to the Company's remaining stock purchase authorization of approximately $141 million (as of September 30, 2021), which expires at the end of 2021.
RDN vs. MTG: Which Stock Is the Better Value Option?
MGIC (MTG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).