MILWAUKEE (AP) _ MGIC Investment Corp. (MTG) on Wednesday reported first-quarter profit of $150 million.

On a per-share basis, the Milwaukee-based company said it had profit of 43 cents. Earnings, adjusted for investment gains, were 42 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 42 cents per share.

The mortgage insurance company posted revenue of $298 million in the period. Its adjusted revenue was $295.7 million.

MGIC shares have increased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.97, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTG at https://www.zacks.com/ap/MTG