KBW analyst Bose George maintained a Buy rating on MGIC Investment (MTG – Research Report) yesterday and set a price target of $23.00. The company’s shares closed yesterday at $19.84.
George covers the Financial sector, focusing on stocks such as Fidelity National Financial, Mr Cooper Group, and First American Financial. According to TipRanks, George has an average return of 15.7% and a 76.04% success rate on recommended stocks.
Currently, the analyst consensus on MGIC Investment is a Moderate Buy with an average price target of $21.20, which is a 6.85% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $22.50 price target.
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Based on MGIC Investment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $296.51 million and a net profit of $182.84 million. In comparison, last year the company earned a revenue of $292.8 million and had a net profit of $249.63 million
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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 Corporation Reports Fourth Quarter 2023 Results
- MTG Earnings this Week: How Will it Perform?
- MGIC Investment Corporation Announces Quarterly Dividend of $0.115 Per Share
- MGIC Investment price target raised by $2 at BTIG, here’s why
- MGIC Investment initiated with neutral view at UBS, here’s why
