Compass Point Downgrades MGIC Investment to Neutral on Fairly Balanced Risk/Reward (Benzinga) In a report published Wednesday, Compass Point analyst Jason Stewart downgraded the rating on MGIC Investment Corp. (NYSE:MTG) from Buy to Neutral, but raised the price target from $3.00 to $5.00. In the report, Stewart noted, "We have been staunch supporters of the role of private mortgage insurance (MI) in the US housing finance markets and that view has not changed. However, assigning a value greater than $5 to MGIC Investment Corp. (NYSE:MTG) shares today is akin to making a wager on the government's propensity and ability to transform the US housing finance market from one that is funded publicly to one largely funded by private capital.