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Enter Symbol:
Rating: MTG
Buy $10
down 32.00 %

Mgic Investment Corporation (NYSE: MTG) reiterated to Buy with price target $10 by MKM Partners

Thursday,  Jan 21, 2016  3:25 PM ET by Lynn Gilbert

MKM Partners reiterated Mgic Investment Corporation (NYSE: MTG) to Buy with price target $10. Previously, MKM Partners rated Mgic Investment Corporation (NYSE: MTG) to Buy with
price target $11 on 03/04/2015, when the stock price was valued at $9.40. Since then, Mgic Investment Corporation's stock price has lost 32% as of 01/21/2016's recent price of $6.42.
If you had followed MKM Partners's previous recommendation on MTG, you would have lost 32% of your investment in 323 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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.

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