MGIC Investment traded at $28.80 this Friday October 23rd, increasing $1.06 or 3.82 percent since the previous trading session. Looking back, over the last four weeks, MGIC Investment gained 0.24 percent. Over the last 12 months, its price rose by 5.19 percent. Looking ahead, we forecast MGIC Investment to be priced at 28.19 by the end of this quarter and at 26.43 in one year, according to Trading Economics global macro models projections and analysts expectations.
MGIC Investment Corporation is a holding company. The Company, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The Company provides mortgage insurance to lenders throughout the United States and to government-sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, the Company also provides various services for the mortgage finance industry, such as contract underwriting, analysis of loan originations and portfolios, and mortgage lead generation. The Company's subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC).