MGIC Investment Corp. (MTG): BARRON'S SAYS BUY MTG BASED ON IMPRO...

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tommiegun54

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Friday, 01/22/2021 5:52:59 AM

Friday, January 22, 2021 5:52:59 AM

BARRON'S SAYS BUY MTG BASED ON IMPROVING PROFIT MARGINS FOR Q4 2021 AND GOING FORWARD

BARRON'S
JANUARY 19, 2021

"MGIC Investment MTG-NYSE

Buy Price $13.26 on Jan. 11

by BTIG

MGIC Investment, a mortgage insurer, released December 2020 operating statistics on Jan. 11 premarket.

MGIC’s December-ending default inventory declined 3% from November and 10% from the third quarter of 2020.

While MGIC’s default rate remains 100 to 200 basis points above new-entrant peers, the improvement in delinquent inventory is running ahead of our above-consensus expectations.

The data give us increased confidence in our positive view on improving credit, which should drive loss ratios lower and return on equity higher in the quarters ahead and lead to multiple expansion for MGIC and the group(PMI COMPANIES) overall.

We reiterate our Buy rating and $16 price target."

https://www.marketwatch.com/articles/walmart-continues-its-digital-push-with-a-move-into-fintech-51610760600?mod=mw_quote_news