MTG Stock Near 52-Week High: Should You Buy or Wait for a Pullback?
MGIC Investment (MTG) ZACKS·2024-09-19 01:31
Shares of MGIC Investment Corporation (MTG) closed at $25.30 on Tuesday, near its 52-week high of $25.93. Solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment are driving the price higher. Given the strong purchase market and potential share gains from the Federal Housing Administration, MGIC Investment expects strong premium writing. Increased persistency rate should continue to boost insurance in force. Shares ...