MGIC Investment Corporation which can be found using ticker (MTG) now have 8 analysts in total covering the stock. The consensus rating is pointing to ‘buy’. The target price High/Low ranges between 18 and 14 suggesting an average Analsyt target price of $16.88. Given that the stocks previous close was at $15.07 and the analysts are correct then we can expect a percentage increase in value of 12.0%. The 50 day moving average now sits at $13.96 and the 200 day MA is $13.70. The market capitalization for the company is 4.33B. The stock price is currently at: 15.1 USD
The potential market cap would be $4,847,743,234 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 5.43, revenue per share of 3.88 and a 10.67% return on assets.
MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The Company’s mortgage insurance product offers primary insurance and pool insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest, and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.
