PMI INDUSTRY ECONOMIC BACKDROP GREAT, PE AVG. 9.36 vs. S&P 500 24.41 https://www.multpl.com/s-p-500-pe-ratio
MTG NEAR-TERM TARGET PRICE $16.75
Q4 2019 EARNINGS Results estimated:
Based on higher INSURANCE IN FORCE and RECORD low defaults and paid loans based on MGIC INVESTMENT Monthly Operations SUMMARY REPORTS. I LOOK FOR 2019 Net Income WELL NORTH OF $1.80 per share.
•MGIC STOCK PRICE IS UNDERVALUED RELATIVE
TO OTHER PMI COMPANIES GIVEN IT'S PE
•MTG IS UNDERVALUED GIVEN IT'S STEADY
•MTG IS UNDERVALUED GIVEN IT'S 24 cent annual PER SHARE DIVIDEND APPROXIMATELY 1.75%
MTG PE RATIO is the lowest of Essent Guaranty, Radian, NMI HOLDINGS and when compared to The S&P 500 COMPANIES. Average PE FOR PMI SECTOR IS 9.36.
MGIC'S VALUATION is the highest when compared OTHER PMI COMPANIES AND, to the market as a whole.
The TARGET price could change if higher quarterly earnings are reported for Q4 2019 and that's why it's a NEAR-TERM ESTIMATE.