Last Updated: 18 Sep 2024
Executive Summary
MGIC Investment Corp (MTG) is a leading provider of private mortgage insurance in the United States. The company has a strong financial position with a low price-to-book ratio and a high return on equity. The stock is currently trading at a discount to its analyst target price and has a favorable long-term outlook.
Company Overview
MGIC Investment Corp offers private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government-sponsored entities in the United States, Puerto Rico, and Guam. The company is headquartered in Milwaukee, Wisconsin.
Fundamental Analysis
MGIC Investment Corp has a strong financial position. The company has a low price-to-book ratio of 1.279 and a high return on equity of 0.15. The company's profit margin is 0.632 and its operating margin is 0.88. MGIC Investment Corp has a strong track record of profitability and has increased its earnings per share for the past five years.
Technical Analysis
The stock price of MGIC Investment Corp is currently trading at $25.3. The stock has a 52-week high of $25.79 and a 52-week low of $15.92. The stock is currently trading above its 50-day moving average of $24.02 and its 200-day moving average of $21.1. The stock is in a bullish trend and is likely to continue to rise in the short term.
Short Term Outlook
The stock price of MGIC Investment Corp is likely to continue to rise in the short term. The stock is trading above its 50-day and 200-day moving averages and is in a bullish trend. The company has a strong financial position and is likely to continue to increase its earnings per share.
Long Term Outlook
The stock price of MGIC Investment Corp is likely to continue to rise in the long term. The company has a strong financial position and is a leader in the private mortgage insurance industry. The company is likely to benefit from the continued growth of the housing market.
Analyst Recommendations
The analysts have a consensus rating of "Buy" on MGIC Investment Corp. The analysts have a target price of $25.5 for the stock. The stock is currently trading at a discount to its target price.
