TGIC Triad Guaranty Inc. featured news, full reports, and detailed charts
Triad Guaranty Inc. (TGIC) Wrap Up:
Triad Guaranty Inc. is a holding company that provides private mortgage insurance (“MI”) coverage in the United States through its wholly-owned subsidiary, Triad Guaranty Insurance Corporation (“Triad”). This allows buyers to achieve home ownership with a reduced down payment, facilitates the sale of mortgage loans in the secondary market and protects lenders from credit default-related expenses. Triad Guaranty Inc. and its subsidiaries are collectively referred to as the “Company.” Triad was formed in 1987 and was acquired by Collateral Mortgage, Ltd., now called Collateral Holdings, Ltd. (“CHL”), a mortgage banking and real estate lending firm, in 1989. As of December 31, 2007, CHL owns 17.2% of the outstanding common stock of the Company. MI is issued in many home purchase and refinance transactions involving conventional residential first mortgage loans to borrowers with equity of less than 20%. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f04%2f01%2f0000950144-08-002535.html#FIS_BUSINESS"Triad Guaranty Inc. (TGIC*(D):NASDAQ)
Snapshot of Triad Guaranty Inc. (TGIC)
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OPEN
$0.59
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PREVIOUS CLOSE
$0.59
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DAY HIGH
$0.59
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DAY LOW
$0.54
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52 WEEK HIGH
08/6/09 - $1.82
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52 WEEK LOW
03/24/09 - $0.12
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MARKET CAP
8.2M
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AVERAGE VOLUME 3 mo
110.2K
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DILUTED EPS TTM
$-42.53
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SHARES OUTSTANDING
15.3M
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TGIC Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
TGIC Top Compensated Officers
Executives, Board Directors
Key developments for Triad Guaranty Inc. (TGIC)
Triad Guaranty Inc. expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 2, 2009).
Triad Guaranty Inc. announced that they will report Q3, 2009 results after the market closes on November 10, 2009.
Triad Guaranty Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $359.4 million compared to a net loss of $198.8 million for the second quarter of 2008. The 2009 second quarter diluted loss per share was $23.91 compared to a diluted loss per share of $13.36 for the second quarter of 2008. Earned premiums were $64.8 million against $69.8 million last year. Net investment income was $10.8 million against $9.1 million last year. Total revenues were $77.7 million against $75.2 million last year. Loss before income taxes was $364.2 million against $230.4 million last year. Net loss for the six months ended June 30, 2009 was $414.6 million compared to a net loss of $348.8 million for the six months ended June 30, 2008. The diluted loss per share was $27.65 for the six months ended June 30, 2009 compared to a diluted loss per share of $23.45 for six months ended June 30, 2008. Earned premiums were $109.1 million against $141.9 million last year. Net investment income was $22.0 million against $18.7 million last year. Total revenues were $128.6 million against $159.5 million last year. Loss before income taxes was $424.9 million against $437.3 million last year. Net cash provided by operating activities was $71.6 million against net cash used in operating activities of $78.2 million last year.
TGIC Competitors
| Company | Last | Change |
| Genworth Financial Inc | $11.01 USD | -0.12 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TGIC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.0x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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TGIC |
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TGIC transactions
| Type Date |
Target |
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Merger/Acquisition
October 7, 2009 |
Triad Guaranty Insurance Corporation |