MGIC Investment Corporation (MTG)

MGIC Investment Corporation, founded in 1957, is a leading provider of private mortgage insurance in the United States. The company plays a crucial role in the real estate and housing finance industries by helping borrowers with less than a 20% down payment secure a home loan. This insurance protects lenders from the risk of borrower default, facilitating broader access to homeownership. As of 2023, MGIC is led by CEO Timothy Mattke, who has been with the company since 2006, bringing extensive experience in financial and operational management. The company is headquartered in Milwaukee, Wisconsin, and is publicly traded on the New York Stock Exchange under the ticker symbol MTG. MGIC's focus on prudent underwriting standards and exceptional customer service has allowed it to maintain a strong reputation in the industry while generating steady revenue growth.