BTIG analyst Eric Hagen maintained a Buy rating on MGIC Investment (MTG – Research Report) on December 28 and set a price target of $22.00. The company’s shares closed last Friday at $19.29.
According to TipRanks, Hagen is a 3-star analyst with an average return of 0.9% and a 51.48% success rate. Hagen covers the Real Estate sector, focusing on stocks such as AGNC Investment, Rithm Capital, and Invesco Mortgage.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MGIC Investment with a $19.50 average price target.
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MTG market cap is currently $5.35B and has a P/E ratio of 7.83.
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MGIC Investment (MTG) Company Description:
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 price target raised by $2 at BTIG, here’s why
- MGIC Investment initiated with neutral view at UBS, here’s why
- MGIC Investment initiated with an Equal Weight at Barclays
- MGIC Investment Corporation Reports Third Quarter 2023 Results
- MGIC Investment reports Q3 adjusted EPS 64c, consensus 56c
