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MGIC Investment price target raised to $28 from $27 at Compass Point

Compass Point raised the firm’s price target on MGIC Investment (MTG) to $28 from $27 and keeps a Neutral rating on the shares. The firm updating models, estimates and price targets for the mortgage insurance sector post Q1 earnings. With higher mortgage rates, recently rising to 7.00%, industry growth “will remain muted” through fiscal 2026 and potentially into 2026, the analyst tells investors in a research note. The firm believes this should sustain the trend of low single-digit insurance-in-force growth across the sector, thereby adding pressure and limiting organic earnings growth despite continued capital return strategies and share repurchases.

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