Compass Point analyst Giuliano Bologna reiterated a Buy rating on MGIC Investment (MTG – Research Report) today and set a price target of $24.00. The company’s shares closed yesterday at $20.95.
According to TipRanks, Bologna is a 5-star analyst with an average return of 15.8% and a 62.96% success rate. Bologna covers the Financial sector, focusing on stocks such as SoFi Technologies, Ally Financial, and Mr Cooper Group.
Currently, the analyst consensus on MGIC Investment is a Moderate Buy with an average price target of $23.13.
MTG market cap is currently $5.59B and has a P/E ratio of 8.06.
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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 Q1 non-GAAP EPS 65c, consensus 60c
- MGIC Investment Corporation Reports First Quarter 2024 Results
- MTG Earnings this Week: How Will it Perform?
- MGIC Investment Announces Additional $750 Million Share Repurchase Program and Quarterly Dividend of $0.115 Per Share
- MGIC Investment downgraded to Market Perform from Outperform at Keefe Bruyette
