I may be early, but I think we'll be significantly higher this year. The stock should be in the 20's by year end. A buy at 17 per share plus the dividend would be a 20% total return if the stock hits 20. Wall Street probably wants to see the specifics on the mortgage insurance spinoff before they jump on board. But I think it's coming and will be very bullish.
The general increase in market returns, especially T-bills hitting 3% should also help assuming loss ratios do not increase. The yield is still so nice that the real return, at 20, is closer to 25% in one year. That would be a big hit in any year.