If you are wondering whether MGIC Investment’s current share price still reflects good value, it helps to step back and look at what the numbers really say about the stock.
The share price recently closed at US$29.01, and while the 7 day and year to date returns sit at 0.5% declines, the 1 year and 3 year returns of 29.4% and 134.9% show how different time frames can tell very different stories.
Recent coverage has focused on MGIC Investment as a key player in US mortgage insurance, with attention on how changing housing and credit conditions could affect insurer sentiment and risk appetite. In that context, investors have been watching how the stock trades around its recent levels, looking for any shift in how the market prices that…
