Here's Why MGIC Investment (MTG) is a Strong Value Stock

Core Insights - Zacks Premium provides various tools for investors to confidently navigate the stock market and identify investment opportunities [1] Zacks Style Scores - The Style Scores categorize stocks into four types: Growth Score, Momentum Score, Value Score, and VGM Score, each focusing on different investment strategies [3][9][19][10] - The Growth Style Score evaluates a company's financial strength and future outlook based on projected and historical earnings, sales, and cash flow [19] - The Value Style Score highlights attractive and discounted stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow [9] - The Momentum Score identifies optimal times to invest based on price changes and earnings estimate trends [3] - The VGM Score combines all Style Scores to provide a comprehensive indicator for stock selection [10] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to help investors build successful portfolios [21] - Stocks are rated from 1 (Strong Buy) to 5 (Strong Sell), with 1 stocks historically producing an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [11] - A stock's Zacks Rank should be considered alongside its Style Scores to maximize investment potential [12][23] Company Spotlight: MGIC Investment Corp. - MGIC Investment Corp. is the parent company of Mortgage Guaranty Insurance Corporation, the largest private mortgage insurer in the U.S., focusing on sustainable homeownership [24] - MGIC has a Zacks Rank of 3 (Hold) and a VGM Score of B, with three analysts revising earnings estimates higher for fiscal 2024, increasing the consensus estimate to $2.85 per share [15][16] - The company also has a Value Style Score of B, supported by a forward P/E ratio of 8.18, making it attractive for value investors [25][26]