MGIC Investment Corporation found using ticker (MTG) now have 9 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 23 and 16.5 calculating the mean target price we have 18.44. Given that the stocks previous close was at 14.23 this would indicate that there is a potential upside of 29.6%. The 50 day moving average now sits at 15.2 and the 200 moving average now moves to 14.85. The market cap for the company is $4,393m. You can visit the company’s website by visiting: https://mtg.mgic.com
The potential market cap would be $5,693m 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 pripal, 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, luding 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.
