5 Best Extremely Profitable Stocks to Invest in

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In this piece, we will take a look at the five best extremely profitable stocks to invest in. If you want to take a deeper look at why profitable stocks are special, then check out 13 Best Extremely Profitable Stocks to Invest in.

5. MGIC Investment Corporation (NYSE:MTG)

Number of Q4 2023 Hedge Fund Shareholders: 27

Latest Trailing Twelve Month Net Margin: 61.72%

MGIC Investment Corporation (NYSE:MTG) is an American insurance company that also has a presence in Puerto Rico and Guam. The firm has beaten analyst EPS estimates in all of its four latest quarters, the shares are rated Buy on average, and the average analyst share price target is $22.31.

27 out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 research had invested in the firm. MGIC Investment Corporation (NYSE:MTG)’s biggest investor among these is Cliff Asness’s AQR Capital Management as it has invested $74.9 million in the firm.

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