MGIC Disappoints With Loss
April 20, 2010 at 16:50 PM EDT
MGIC Investment Corp. (NYSE: MTG) disappointed with a first quarter loss of $1.20 per share compared with a loss of $1.49 per share last year and the mortgage insurer announced a public offering of $700 million worth of common shares and $300 million in convertible senior notes. The stock price tumbled $1.45 to close at $11.06.
