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Mgic Investment Corporation (MTG) [hlAlert]

Rating:
Buy MTG
up 25.93 %

Mgic Investment Corporation (MTG) upgraded to Buy with price target $10 by Compass Point

Posted on: Friday,  Dec 20, 2013  9:25 AM ET by Compass Point

Compass Point rated Buy Mgic Investment Corporation (NYSE: MTG) on 12/20/2013, when the stock price was $8.33. Since
then, Mgic Investment Corporation has gained 25.93% as of 01/21/2016's recent price of $10.49.
If you would have followed this Compass Point's recommendation on MTG, you would have gained 25.93% of your investment in 762 days.

MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunitiesby enabling people to purchase homes with less than 20% down payments. If the home owner defaults, private mortgage insurance reduces and, in some instances, eliminates the loss to the insured institution.

Compass Point is a financial services firm comprised of specialized professionals in the areas of research, sales, trading and investment banking. We seek to be our client's advisor of choice.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/20/2013 9:25 AM Buy
None
8.33 10.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  97.74 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/16/2013 3:25 PM Hold
None
8.17 6.50
5/1/2013 8:25 AM Hold
None
5.26 5.00
2/25/2013 8:25 AM Buy
None
2.68 3.00
5/23/2011 10:25 AM Buy
None
7.57 12.00

(*) Stock Price at the time of the recommendation.
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