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Roth MKM Sticks to Its Buy Rating for MGIC Investment (MTG)

Tipranks - Thu Jun 4, 12:28AM CDT

In a report released today, Harry Fong from Roth MKM maintained a Buy rating on MGIC Investment, with a price target of $30.00.

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According to TipRanks, Fong is a 5-star analyst with an average return of 9.2% and a 62.02% success rate. Fong covers the Financial sector, focusing on stocks such as Chubb, Progressive, and Travelers Companies.

The word on The Street in general, suggests a Hold analyst consensus rating for MGIC Investment with a $28.60 average price target.

Based on MGIC Investment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $297.08 million and a net profit of $165.3 million. In comparison, last year the company earned a revenue of $306.23 million and had a net profit of $185.46 million

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