RBC Capital analyst Mark Dwelle maintained a Buy rating on MGIC Investment (MTG – Research Report) on February 2 and set a price target of $17.00. The company’s shares closed yesterday at $14.17.
Dwelle covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Reinsurance Group, and Travelers Companies. According to TipRanks, Dwelle has an average return of 13.4% and a 68.59% success rate on recommended stocks.
MGIC Investment has an analyst consensus of Moderate Buy, with a price target consensus of $15.17.
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MTG market cap is currently $4.23B and has a P/E ratio of 5.12.
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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.
Read More on MTG:
- MGIC Investment Corporation Reports Fourth Quarter 2022 Results
- MGIC Investment reports Q4 adjusted EPS 64c, consensus 53c
- MGIC Investment Announces Quarterly Dividend of $0.10 Per Share
- MGIC Investment downgraded to Equal Weight from Overweight at Barclays
- Radian Group upgraded to Buy at BofA after recent pullback
