MGIC Investment Corporation (MTG) : Traders are bullish on MGIC Investment Corporation (MTG) as it has outperformed the S&P 500 by a wide margin of 12.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.84%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.16% in the last 1 week, and is up 11.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 6.17% and the fifty day Moving Average is 18.16%. MGIC Investment Corp. is up 14.04% in the last three month period. Year-to-Date the stock performance stands at -8.95%.
MGIC Investment Corporation (MTG) : Average target price received by MGIC Investment Corporation (MTG) is $9.25 with an expected standard deviation of $0.5. The most aggressive target on the stock is $10, whereas the most downbeat target is $9. 4 financial analysts are currently covering the stock.
MGIC Investment Corporation (NYSE:MTG): stock turned positive on Friday. Though the stock opened at $8.02, the bulls momentum made the stock top out at $8.06 level for the day. The stock recorded a low of $7.93 and closed the trading day at $8.04, in the green by 0.75%. The total traded volume for the day was 3,597,416. The stock had closed at $7.98 in the previous days trading.
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.