Zacks Rating on MGIC Investment Corporation (MTG)

MGIC Investment Corporation (MTG) : Zacks Investment Research ranks MGIC Investment Corporation (MTG) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.83, which indicates as a Buy.

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.


Shares of MGIC Investment Corp. rose by 2.57% in the last five trading days and 12.06% for the last 4 weeks. MGIC Investment Corp. is up 18.2% in the last 3-month period. Year-to-Date the stock performance stands at -9.51%. MGIC Investment Corporation (NYSE:MTG): stock turned positive on Tuesday. Though the stock opened at $7.92, the bulls momentum made the stock top out at $8.04 level for the day. The stock recorded a low of $7.89 and closed the trading day at $7.99, in the green by 1.14%. The total traded volume for the day was 3,839,527. The stock had closed at $7.9 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.

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