Shares of MGIC Investment Corp. (NYSE:MTG) ended Thursday session in green amid volatile trading. The shares closed up +0.02 points or 0.25% at $8.11 with 5.28 million shares getting traded. Post opening the session at $8.10, the shares hit an intraday low of $7.98 and an intraday high of $8.15 and the price vacillated in this range throughout the day. The company has a market cap of $2.74 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 announce 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 Vereit Inc (NYSE:VER) ended Thursday session in red amid volatile trading. The shares closed down -0.11 points or -1.05% at $10.34 with 7.88 million shares getting traded. Post opening the session at $10.46, the shares hit an intraday low of $10.30 and an intraday high of $10.47 and the price vacillated in this range throughout the day. The company has a market cap of $10.02 billion and the numbers of outstanding shares have been calculated to be 965.19 million shares.
VEREIT, Inc. is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. It was formerly known as American Realty Capital Properties, Inc. VEREIT, Inc. was founded in 2010 and is based in Phoenix, Arizona.