MTG Stock Lags Industry, Trades at a Discount: Should You Buy or Wait?
MGIC Investment Corporation (MTG) shares are trading at a discount to the Zacks Multi line insurance industry. Its price-to-book of 1.13X is lower than the industry average of 2.32X.With a capitalization of $5.6 billion, MGIC Investment continues to benefit from credit performance in the mortgage insurance portfolio. With strong persistency rates and the current positive industry pricing environment, MTG expects in-force portfolio premium yield to remain stable. Image Source: Zacks Investment ResearchShares ...