MTG Outperforms Industry, Hits 52-Week High: How to Play the Stock

Key Takeaways MTG is growing its insurance-in-force portfolio through strong new business and solid annual persistency.MTG enhances its capital position through capital contributions, reinsurance deals, and solid cash reserves.Growth drivers include higher premiums, excellent credit quality, and continued new business momentum.MGIC Investment Corporation (MTG) hit a 52-week high of $28.67 on Aug. 29. Shares closed at $27.83 after gaining 17.4% year to date, outperforming the industry, the sector, and the Za ...