MGIC Investment Trades Near 52-Week High: Time to Hold the Stock?

Key Takeaways MTG expects stronger insurance-in-force growth supported by new business and solid persistency. Higher home sales, more cash purchases, and better refi activity are aiding MTG's expansion. MTG's capital strength enables significant buybacks, with $614M authorized through 2027. Shares of MGIC Investment Corporation (MTG) closed at $28.38 on Wednesday, near its 52-week high of $29.01. This proximity underscores investor confidence and indicates further price appreciation. The stock is trading ab ...