MTG Hits 52-Week High: Time to Buy the Stock for Solid Returns?
MGIC Investment Corporation (MTG) is trading at a 52-week high with shares above key moving averages, indicating solid upward momentum. The mortgage insurer trades at a discount to industry averages with improving return on invested capital, positive earnings growth projections, and consistent earnings surprises. Management expects sustained purchase demand to support portfolio growth, while maintaining substantial excess capital for shareholder returns through buybacks and dividends.