MGIC Investment Corporation is a provider of mortgage insurance in the United States, specializing in protecting lenders against defaults on home loans
The company offers a range of mortgage insurance products that help facilitate home purchases and enhance access to homeownership. By managing risk and providing capital solutions, MGIC plays a crucial role in the housing finance system, supporting lenders and borrowers alike. Additionally, the company is involved in various ancillary services that contribute to the overall efficiency of the mortgage process.
Despite high inflation and a rise in interest rates plaguing the insurance industry and the market at large, here is a look at 5 multiline insurers that may be worth consideration in the current environment.
Century Communities and MGIC Investment Corp. are on the rise, but price-to-book and price-to-earnings ratios indicate these stocks may be undervalued.
