MGIC Investment (MTG) Receives a Rating Update from a Top Analyst

RBC Capital analyst Mark Dwelle maintained a Buy rating on MGIC Investment (MTGResearch Report) on February 2 and set a price target of $17.00. The company’s shares closed yesterday at $14.17.

Dwelle covers the Financial sector, focusing on stocks such as Arthur J Gallagher & Co, Reinsurance Group, and Travelers Companies. According to TipRanks, Dwelle has an average return of 13.4% and a 68.59% success rate on recommended stocks.

MGIC Investment has an analyst consensus of Moderate Buy, with a price target consensus of $15.17.

See today’s best-performing stocks on TipRanks >>

MTG market cap is currently $4.23B and has a P/E ratio of 5.12.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More