Here's Why Hold Strategy Is Apt For MGIC Investment (MTG)
Zacks Investment Research | Sep 16, 2019 11:04PM ET
MGIC Investment (NYSE:MTG) is well-poised for growth based on sizable mortgage insurance in force, declining delinquency, lower levels of paid claims and solid capital position. Long-term earnings growth is pegged at 5%.
Its return on equity was 17.6% in the trailing 12-month period, higher than the industry average of 8.1%. Return on equity is a profitability measure that identifies a company’s efficiency in utilizing its shareholders’ funds. The company has seen its estimates for 2019 move up 2.4% in the past 60 days, indicating investor optimism on the stock.
The company has an impressive Zacks Investment Research
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