MGIC Investment Corp

MTG is in a well-defined uptrend structurally and consolidating just below its all-time high, with rising short-term EMAs providing support. Medium-term bias remains bullish underpinned by accumulation at key moving averages, but short-term price is oscillating in a tight range without a clear edge. Execution is deferred, targeting a pullback into the 9-/20-/50-day EMA support cluster or a breakout above the 52-week high on expanding volume. A sustained break below the 20-day EMA would invalidate the bullish outlook.

• ↑Q2 ’26 net income $182M, ROE 14.5%, BVPS $24.27.
• ↑New insurance written rose 8.5% YoY to $18B.
• ↓Delinquency rate climbed to 2.37%, pressuring claims.