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NYSE: MTG
Mgic Investment Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for MTG

Based on 3 analysts offering 12 month price targets for Mgic Investment Corp.
Min Forecast
$18.00+7.33%
Avg Forecast
$18.00+7.33%
Max Forecast
$18.00+7.33%

Should I buy or sell MTG stock?

Based on 3 analysts offering ratings for Mgic Investment Corp.
Buy
Strong Buy
1 analysts 33.33%
Buy
1 analysts 33.33%
Hold
1 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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MTG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
RBC Capital
Top 2%
99
HoldMaintains$18.00+7.33%2023-08-04
Keefe, Bruyette & Woods
Top 9%
92
BuyMaintains$18.00+7.33%2023-05-05
Compass Point
Bottom 2%
2
Strong BuyUpgrades$18.00+7.33%2023-04-11

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Forecast return on equity

Is MTG forecast to generate an efficient return?
Company
19.7%
Industry
34.55%
Market
48.71%
MTG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is MTG forecast to generate an efficient return on assets?
Company
15.02%
Industry
7.22%
MTG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

MTG earnings growth forecast

How is MTG forecast to perform vs Insurance - Specialty companies and vs the US market?
Company
-14.98%
Industry
59.81%
Market
66.31%
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
MTG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

MTG revenue growth forecast

How is MTG forecast to perform vs Insurance - Specialty companies and vs the US market?
Company
9.03%
Industry
5.38%
Market
11.89%
MTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
MTG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

MTG vs Specialty Insurance Stocks

TickerPricePrice TargetUp/downsideConsensus
MTG$16.77$18.00+7.33%Buy
AXS$57.49$61.80+7.50%Hold
ACT$27.37$27.20-0.62%Buy
ESNT$48.12$55.60+15.54%Buy
RDN$25.05$28.50+13.77%Buy
View Top Specialty Insurance Stocks

Mgic Investment Stock Forecast FAQ

Is Mgic Investment Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NYSE: MTG) stock is to Buy MTG stock.

Out of 3 analysts, 1 (33.33%) are recommending MTG as a Strong Buy, 1 (33.33%) are recommending MTG as a Buy, 1 (33.33%) are recommending MTG as a Hold, 0 (0%) are recommending MTG as a Sell, and 0 (0%) are recommending MTG as a Strong Sell.

If you're new to stock investing, here's how to buy Mgic Investment stock.

What is MTG's forecast return on equity (ROE) for 2023-2024?

(NYSE: MTG) forecast ROE is 19.7%, which is considered weak.

What is MTG's Price Target?

According to 3 Wall Street analysts that have issued a 1 year MTG price target, the average MTG price target is $18.00, with the highest MTG stock price forecast at $18.00 and the lowest MTG stock price forecast at $18.00.

On average, Wall Street analysts predict that Mgic Investment's share price could reach $18.00 by Aug 4, 2024. The average Mgic Investment stock price prediction forecasts a potential upside of 7.33% from the current MTG share price of $16.77.

What is MTG's forecast return on assets (ROA) for 2023-2024?

(NYSE: MTG) forecast ROA is 15.02%, which is higher than the forecast US Insurance - Specialty industry average of 7.22%.
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