MGIC Investment Corporation (MTG) Shares are Down -1.73%

MGIC Investment Corporation (MTG) has risen sharply, recording gains of 1.14% in the past 4 weeks. However, the stock has corrected -1.73% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.23% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.1% and the 50-Day Moving Average is 7.41%.The 200 Day SMA reached 8.92% MGIC Investment Corp. is up 30.49% in the last 3-month period. Year-to-Date the stock performance stands at -9.85%.


MGIC Investment Corporation (MTG) : 4 investment research analysts covering MGIC Investment Corporation (MTG) have an average price target of $9.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $9 for the short term. Analysts expect the variance to be within $0.5 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. MGIC Investment Corporation (NYSE:MTG): stock was range-bound between the intraday low of $7.88 and the intraday high of $7.995 after having opened at $7.95 on Fridays session. The stock finally closed in the red at $7.95, a loss of -0.62%. The stock remained in the red for the whole trading day. The total traded volume was 4,153,878 shares. The stock failed to cross $7.995 in Fridays trading. The stocks closing price on Thursday was $7.96.

MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the Company provides private mortgage insurance and ancillary services. The Companys subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC). 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, it also provides various services for the mortgage finance industry, such as contract underwriting and portfolio analysis and retention.

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