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Enter Symbol:
Rating: MTG
Overweight $11
up 59.00 %

Mgic Investment Corporation (NYSE: MTG) reiterated to Overweight with price target $11 by Barclays

Friday,  Jan 24, 2014  1:25 PM ET by Betsy O'Brien Harrison

Barclays reiterated Mgic Investment Corporation (NYSE: MTG) to Overweight with price target $11. Previously Barclays reiterated Mgic Investment Corporation (NYSE: MTG) to Overweight with price
target $9 on 04/29/2013, when the stock price was $5.39. Since then, Mgic Investment Corporation's stock price has gained 59% as of 01/24/2014's recent price of $8.56.
If you would have followed the previous Barclays's recommendation on MTG, you would have gained 59% of your investment in 270 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.

Barclays



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