Barclays Raises MGIC Investment Price Target to $29

Analysts maintain 'equal weight' rating on the mortgage insurance provider's stock

Apr. 6, 2026 at 2:28pm

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Barclays equity researchers have increased their price target for MGIC Investment (NYSE:MTG) from $28.00 to $29.00 while maintaining an 'equal weight' rating on the stock. The new target price represents a potential upside of 8.03% from the stock's previous close.

Why it matters

MGIC Investment is a leading provider of private mortgage insurance in the United States, helping lenders manage credit risk and facilitate homeownership. The updated price target from Barclays suggests analysts see moderate upside potential in the stock, though they maintain a neutral rating overall.

The details

In their research report, Barclays cited MGIC Investment's recent financial performance and market position as factors behind the price target increase. Several other equity analysts have also weighed in on the stock, with Keefe, Bruyette & Woods lifting their target to $28.00 and Weiss Ratings lowering their rating to 'buy (b+)' from 'buy (a-)'.

  • Barclays issued the updated price target and rating on Monday, April 6, 2026.

The players

Barclays

A multinational investment bank and financial services company that provides research coverage on MGIC Investment.

MGIC Investment

A leading provider of private mortgage insurance in the United States, headquartered in Milwaukee, Wisconsin.

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The takeaway

The updated price target from Barclays suggests analysts see moderate upside potential in MGIC Investment, though they maintain a neutral rating overall on the mortgage insurance provider's stock. This reflects the company's solid market position balanced against broader economic and industry factors.