A statement released earlier today by KBW about MGIC Investment (NYSE:MTG) bumps the target price to $9.50
- Updated: October 4, 2016
Boasting a price of $8.03, MGIC Investment (NYSE:MTG) traded 0.75% higher on the day. With the last close up 12.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. MGIC Investment has recorded a 50-day average of $8.00 and a two hundred day average of $7.16. Volume of trade was down over the average, with 606,856 shares of MTG changing hands under the typical 5,529,260
KBW bumped up the target of MGIC Investment (NYSE:MTG) to $9.50 stating a potential upside of 0.18%.
With a total market value of $0, MGIC Investment has price-earnings ratio of 3.32 with a one year low of $5.36 and a one year high of $10.05 .
A total of 12 analysts have released a research note on MTG. Three analysts rating the company a strong buy, seven analysts rating the company a buy, six analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $9.33.
More About MGIC Investment (NYSE:MTG)
MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).
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