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Barclays Sticks to Their Hold Rating for MGIC Investment (MTG)

In a report released yesterday, Mark Devries from Barclays maintained a Hold rating on MGIC Investment (MTGResearch Report). The company’s shares closed yesterday at $14.23.

According to TipRanks, Devries is a 5-star analyst with an average return of 13.5% and a 61.88% success rate. Devries covers the Financial sector, focusing on stocks such as Aercap Holdings, AGNC Investment, and American Express.

Currently, the analyst consensus on MGIC Investment is a Moderate Buy with an average price target of $15.17.

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MTG market cap is currently $4.19B and has a P/E ratio of 5.33.

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MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp. The company was founded by Max Karl in 1957 and is headquartered in Milwaukee, WI.

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