MGIC Investment Corporation with ticker code (MTG) have now 8 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 23 and 15 with a mean TP of 17.94. With the stocks previous close at 13.64 this is indicating there is a potential upside of 31.5%. There is a 50 day moving average of 13.07 while the 200 day moving average is 14.34. The company has a market capitalisation of $4,226m. Company Website: https://mtg.mgic.com
The potential market cap would be $5,558m 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.
