MGIC Investment (MTG) Up 38.8% in a Year: Will the Rally Last?
MTGMGIC Investment (MTG) zacks.com·2024-05-22 23:21

MGIC Investment Corporation’s (MTG) shares have surged 38.8% in a year compared with the industry's growth of 24.6%. The Finance sector and the Zacks S&P 500 index have gained 26.2% and 28.2% in the said time frame, respectively. With a market capitalization of $5.58 billion, the average volume of shares traded in the last three months was 1.6 million. Image Source: Zacks Investment Research The rally was largely driven by solid insurance in force, a decline in loss and claims payments, better housing marke ...