BUZZ-MGIC Investment rises on $750 million buyback authorization

Reuters

04-25

BUZZ-MGIC Investment rises on $750 million buyback authorization

** 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

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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