MGIC Investment Corporation with ticker code (MTG) now have 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 18 and 14 suggesting an average Analsyt target price of $16.19. Given that the stocks previous close was at $12.76 this indicates there is a potential upside of 26.9%. The 50 day MA is $13.56 while the 200 day moving average is $13.46. The company has a market cap of $3,732m. Visit the company website at: https://mtg.mgic.com
The potential market cap would be $4,735m 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 3.23% with the ex dividend date set at 16-2-2023 (DMY).
Other points of data to note are a P/E ratio of 4.46, revenue per share of 3.84 and a 10.88% return on assets.
