A statement released earlier today by Zacks Investment Research about MGIC Investment Corp. (NYSE:MTG) bumps the target price to $9.25
- Updated: October 8, 2016
Just yesterday MGIC Investment Corp. (NYSE:MTG) traded -1.00% lower at $8.05. MGIC Investment Corp.’s 50-day moving average is $8.02 and its 200-day moving average is $7.17. The last stock price is up 9.98% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,986,611 shares of MTG traded hands, down from an average trading volume of 5,182,540
Zacks Investment Research bumped up the target of MGIC Investment Corp. (NYSE:MTG) to $9.25 reporting a possible upside of 0.15%.
Previously on 10/04/2016, KBW released a statement about MGIC Investment Corp. (NYSE:MTG) increased the target price from $9.00 to $9.50. At the time, this indicated a possible upside of 0.18%.
Recent Performance Chart
MGIC Investment Corp. has 52 week low of $5.36 and a 52 week high of $10.05 with a PE ratio of 3.25 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokerages have issued a research note on the company. The average stock price target is $9.33 with 3 brokerages rating the stock a strong buy, 7 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On MGIC Investment Corp. (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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