Shares of MGIC Investment Corp. (NYSE:MTG) ended Friday session in red amid volatile trading. The shares closed down -0.05 points or -0.62% at $7.96 with 4.15 million shares getting traded. Post opening the session at $7.95, the shares hit an intraday low of $7.88 and an intraday high of $7.99 and the price vacillated in this range throughout the day. The company has a market cap of $2.64 billion and the numbers of outstanding shares have been calculated to be 340.64 million shares.
On Aug. 29, 2016 Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (MTG), mourns the loss of William H. Lacy, retired chairman and chief executive officer (CEO), who passed away on August 28, 2016 of respiratory failure.
On behalf of MGIC, non-executive chairman Curt Culver said:
“It is with great sadness that we announced the passing of my friend and colleague, Bill Lacy. His thoughtful leadership saw MGIC through tremendous changes, and helped shape the company into the industry leader that it remains to this day. On behalf of our Board of Directors, executive management team and employees, we mourn his loss and extend our deepest sympathies to his family.”
Mr. Lacy’s distinguished career with MGIC spanned 28 years, and he was admired and respected for his tenacity and drive. He was appointed president and CEO in 1987. Under his leadership, MGIC emphasized quality underwriting and outstanding customer service which resulted in strong growth in sales and long-term profits.
Shares of SunTrust Banks, Inc. (NYSE:STI) ended Friday session in red amid volatile trading. The shares closed down -0.40 points or 0.91% at $43.71 with 4.12 million shares getting traded. Post opening the session at $43.81, the shares hit an intraday low of $43.46 and an intraday high of $43.88 and the price vacillated in this range throughout the day. The company has a market cap of $21.50 billion and the numbers of outstanding shares have been calculated to be 501.41 million shares.
SunTrust Banks, Inc. (STI) announced that it plans to release third quarter 2016 results on Friday, October 21, 2016. SunTrust management will host a conference call that morning and details are as follows:
8:00 a.m. (Eastern Time)
Individuals may call in beginning at 7:45 a.m. (Eastern Time) by dialing 1-888-972-7805 (Passcode:3Q16). Individuals calling from outside the United States should dial 1-517-308-9091 (Passcode:3Q16)
The live webcast and accompanying slides will be available at investors.suntrust.com
A replay of the call is expected to be available approximately one hour after the call ends on October 21, 2016, and will remain available until November 21, 2016, by dialing 1-888-568-0509 (domestic) or 1-203-369-3479 (international)