Barclays raises MGIC (MTG) target as it sees upside in consumer finance for 2026

The article reports that Barclays raised its price target on MGIC Investment Corporation (MTG) to $30 from $28, seeing upside in consumer finance for 2026. It also highlights the company's strong third-quarter 2025 results, where it posted a net income of $191 million and an annualized return on equity of 14.8%. The CEO, Timothy Mattke, noted that the book value per share increased by 11% year-over-year to $22.87. The company has been focused on shareholder returns, with $980 million returned through dividends and share repurchases, and a 12% reduction in share count. A significant milestone was reached with over $300 billion in insurance in force.