MGIC Investment Corporation (MTG) has an average broker rating of 1.83, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.
MGIC Investment Corporation (MTG) : The consensus price target for MGIC Investment Corporation (MTG) is $9.25 for the short term with a standard deviation of $0.5. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $10, however, the pessimist price target for the company is $9.
Also, Compass Point upgrades its view on MGIC Investment Corporation (NYSE:MTG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 20, 2016.
MGIC Investment Corporation (NYSE:MTG): After opening at $7.93, the stock dipped to an intraday low of $7.92 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.05 and the buying power remained strong till the end. The stock closed at $8.01 for the day, a gain of 0.50% for the day session. The total traded volume was 2,807,893. The stocks close on the previous trading day was $7.97.
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.