KBW Sticks to Its Buy Rating for MGIC Investment

By Austin Angelo

KBW analyst Bose George reiterated a Buy rating on MGIC Investment (NYSE: MTG) on August 30 and set a price target of $13. The company’s shares closed yesterday at $11.45.

According to TipRanks.com, George is a top 100 analyst with an average return of 14.4% and a 73.4% success rate. George covers the Financial sector, focusing on stocks such as Federal Home Loan Mortgage Corporation, Fidelity National Financial Ventures, and Stewart Information Services Corp.

MGIC Investment has an analyst consensus of Strong Buy, with a price target consensus of $12.67.

MGIC Investment’s market cap is currently $4.2B and has a P/E ratio of 11.43. The company has a book value ratio of 1.4166.

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MGIC Investment Corp. provides private mortgage insurance in U.S. The company’s products include mortgage insurance, in which loans are insured in individual, loan-by-loan transactions or in which a portfolio of loans is individually insured in a single and bulk transaction and pool mortgage insurance.