In a report released yesterday, Eric Hagen from BTIG maintained a Buy rating on MGIC Investment (MTG – Research Report), with 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, Invesco Mortgage, and Rithm Capital.
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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The company has a one-year high of $19.64 and a one-year low of $11.92. Currently, MGIC Investment has an average volume of 1.77M.
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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.
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