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Mgic Investment Corporation (MTG) [hlAlert]

Rating:
Outperform
MTG
up 17.46 %

Mgic Investment Corporation (MTG) upgraded to Outperform with price target $10 by FBR Capital

Posted on: Friday,  Jan 24, 2014  8:25 AM ET by FBR Capital

FBR Capital rated Outperform Mgic Investment Corporation (NYSE: MTG) on 01/24/2014, when the stock price was $8.93. Since
then, Mgic Investment Corporation has gained 17.47% as of 01/21/2016's recent price of $10.49.
If you would have followed this FBR Capital's recommendation on MTG, you would have gained 17.46% of your investment in 727 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.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2014 8:25 AM Buy
None
8.93 10.00
as of 10/17/2014
1 Week up  9.76 %
1 Month up  0.59 %
3 Months up  8.77 %
1 YTD down  -5.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/2/2013 8:25 AM Hold
None
5.19 6.00
3/4/2013 8:25 AM Hold
None
4.10 4.00
8/3/2012 8:25 AM Hold
None
0.88
4/24/2012 8:25 AM Buy
None
3.42 5.00
7/19/2011 8:25 AM Buy
None
4.71 9.00
7/16/2009 2:25 PM Buy
None
4.93

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