Opinions
The Panic-Proof Portfolio (Stockchase Research)
MGIC Investment
MTG-N
TOP PICK
Mar 02, 2023
N/A
Stock price when the opinion was issued
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PAST TOP PICK
(A Top Pick Sep 10/20, Up 37.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK has exceeded analyst expectations, trading to $12.50. We are being disciplined and are recommending to cover 50% of the position. We are also recommending trailing the stop to $9.25 -- just above the original recommended buy price.
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PAST TOP PICK
(A Top Pick Sep 10/20, Up 56.4%)Stochchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MTG continues to do well. We are now recommending to trail up the stop (from $9.25) to $13.00. If triggered, this would all but guarantee an investment return of 40% when considering the recommendation to cover 50% previously.
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PAST TOP PICK
(A Top Pick Sep 10/20, Up 75.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MTG continue to progress well. We recommend trailing up the stop (from $13.00) to $14.75. If triggered, this would result in a net combined investment return of 49%, when taking into account the previous recommendation to cover half the position.
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leasing
PAST TOP PICK
(A Top Pick Sep 10/20, Up 62.2%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with MGIC has triggered its stop at $14.75. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 49% when combined with the previous recommendation to cover half the position.
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leasing
PAST TOP PICK
(A Top Pick Mar 02/23, Up 20%)Stockchase Research Editor: Michael O’Reilly
Our PAST TOP PICK with MTG has triggered its stop at $16.50. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 20%, when combined with previous recommendations.
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TOP PICK
We are the parent company of Mortgage Guaranty Insurance Corporation (MGIC). MGIC provides products and services that protect mortgage investors from credit losses. This critical component of the nation's residential mortgage finance system helps families achieve homeownership sooner by making affordable low-down-payment mortgages a reality. Social media mentions are up 400% in the past 24h.
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MTG provides private mortgage services in the US. It trades under 10x earnings and under book value. We like that it is building cash reserves, paying down debt and buying back shares. Recently reported earnings showed net income growth of 36% over the year. We recommend placing a stop-loss at $11.50, looking to achieve $16.50 — upside potential over 16%. Yield 2.6%
(Analysts’ price target is $16.19)