MGIC Investment Corporation found using ticker (MTG) now have 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 23 and 15 calculating the mean target price we have 17.94. Now with the previous closing price of 14.25 this indicates there is a potential upside of 25.9%. The 50 day moving average now sits at 13.23 and the 200 day moving average is 14.24. The market cap for the company is $4,495m. Company Website: https://mtg.mgic.com
The potential market cap would be $5,659m based on the market concensus.
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, 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 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.
