In a report released yesterday, Mihir Bhatia from Bank of America Securities maintained a Buy rating on MGIC Investment (MTG – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $16.90.
Bhatia covers the Financial sector, focusing on stocks such as Capital One Financial, American Express, and Discover Financial Services. According to TipRanks, Bhatia has an average return of 8.2% and a 57.50% success rate on recommended stocks.
MGIC Investment has an analyst consensus of Moderate Buy, with a price target consensus of $16.80.
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MTG market cap is currently $4.8B and has a P/E ratio of 6.04.
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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 Second Quarter 2023 Results
- MGIC Investment Corp (MTG) Q2 Earnings Cheat Sheet
- MGIC Investment Corporation Announces an Increase to Quarterly Dividend
- MGIC Investment raises quarterly dividend 15% to 11.5c per share
- MGIC Investment downgraded to Sector Perform from Outperform at RBC Capital
