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home / news releases / MTG - Buy MGIC - Slow Steady And Still Cheap

MTG - Buy MGIC - Slow Steady And Still Cheap

MGIC Investment Corporation

2024-02-04 11:21:58 ET

Summary

  • MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend.
  • Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4.
  • MGIC's stock remains cheap with a P/E ratio of 7.5 and a cash return of 13.4%, making it an attractive investment option.
  • Mt target price is $27, up over 35%.

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For further details see:

Buy MGIC - Slow, Steady And Still Cheap
Stock Information
Company Name: MGIC Investment Corporation
Stock Symbol: MTG
Market: NYSE
Website: mgic.com
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