MGIC Investment Corporation which can be found using ticker (MTG) have now 8 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 18 and 14 suggesting an average Analsyt target price of $16.19. Given that the stocks previous close was at $13.23 this now indicates there is a potential upside of 22.4%. The 50 day moving average now sits at $13.55 while the 200 day moving average is $13.47. The total market capitalization for the company now stands at $3,920m. Company Website: https://mtg.mgic.com
The potential market cap would be $4,798m based on the market consensus.
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides pool insurance for secondary market mortgage transactions; and contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
The company has a dividend yield of 3.02% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 4.85, revenue per share of 3.84 and a 10.88% return on assets.
