B.Riley FBR Maintains a Buy Rating on MGIC Investment (MTG)


B.Riley FBR analyst Randy Binner maintained a Buy rating on MGIC Investment (NYSE: MTG) today and set a price target of $16. The company’s shares closed yesterday at $12.54.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 15.7% and a 70.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, Health Insurance Innovations, and National General Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MGIC Investment with a $15.13 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $16.21 and a one-year low of $9.97. Currently, MGIC Investment has an average volume of 3.35M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

MGIC Investment Corp. is a private mortgage insurer that serves lenders throughout the United States, and Puerto Rico. It also provides lenders with underwriting and other services and products related to home mortgage lending through its subsidiaries, such as Mortgage Guaranty Insurance Corp. and MGIC Indemnity Corp.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts