Barclays analyst Terry Ma maintained a Hold rating on MGIC Investment (MTG – Research Report) yesterday and set a price target of $20.00. The company’s shares closed yesterday at $19.97.
Ma covers the Financial sector, focusing on stocks such as American Express, Discover Financial Services, and SLM. According to TipRanks, Ma has an average return of -1.6% and a 54.35% success rate on recommended stocks.
MGIC Investment has an analyst consensus of Moderate Buy, with a price target consensus of $21.30.
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MTG market cap is currently $5.54B and has a P/E ratio of 8.03.
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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 reports Q4 non-GAAP EPS 67c, consensus 57c
- 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
