MGIC Investment rises on $750 million buyback authorization

ReutersApr 24, 2025 6:31 PM

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Private mortgage insurance provider MGIC Investment's MTG.N shares rise 2% to $24.65

MTG announces additional $750 million share repurchase program through December 31, 2027

Firm may repurchase shares through privately negotiated, open market or other transactions

One of 7 brokerages rate the stock "buy", 5 "hold" and 1 "sell"; median PT $26 - data compiled by LSEG

As of last close, MTG stock up 2% YTD

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