Published on 30 Apr 2024 on Simply Wall St. via Yahoo Finance
Investing in MGIC Investment (NYSE:MTG) five years ago would have delivered you a 57% gain
The main point of investing for the long term is to make money. Furthermore, you'd generally like to see the share price rise faster than the market. Unfortunately for shareholders, while the MGIC Investment Corporation (NYSE:MTG) share price is up 41% in the last five years, that's less than the market return. On a brighter note, more newer shareholders are probably rather content with the 38% share price gain over twelve months.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.