MGIC Investment Corporation (MTG) down -11.43% since start of the year

MGIC Investment Corporation (NYSE: MTG) is -11.43% lower on its value in year-to-date trading and has touched a low of $4.34 and a high of $15.24 in the current 52-week trading range. The MTG stock was last observed hovering at around $12.35 in the last trading session, with the day’s gains setting it 0.2% off its average median price target of $14.50 for the next 12 months. It is also 30.28% off the consensus price target high of $18.00 offered by 12 analysts, but current levels are -4.58% lower than the price target low of $12.00 for the same period.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $12.55, the stock is 1.64% and 8.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing 1.62% at the moment leaves the stock 39.82% off its SMA200. MTG registered -11.37% loss for a year compared to 6-month gain of 58.46%. The firm has a 50-day simple moving average (SMA 50) of $12.23 and a 200-day simple moving average (SMA200) of $9.79.

The stock witnessed a 3.98% loss in the last 1 month and extending the period to 3 months gives it a 36.86%, and is 0.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.68% over the week and 2.62% over the month.

MGIC Investment Corporation (MTG) has around 724 employees, a market worth around $4.18B and $1.21B in sales. Current P/E ratio is 9.41 and Fwd P/E is 7.84. Profit margin for the company is 39.00%. Distance from 52-week low is 189.17% and -17.65% from its 52-week high. The company has generated returns on investments over the last 12 months (14.10%).

MGIC Investment Corporation (MTG) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MGIC Investment Corporation (MTG) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

MGIC Investment Corporation is expected to release its quarterly report on 04/21/2021 and quarterly earnings per share for the current quarter are estimated at $0.37 with sales reaching $300.42M over the same period.The EPS is expected to grow by 3.80% this year, but quarterly earnings will post -1.60% year-over-year. Quarterly sales are estimated to shrink -3.60% in year-over-year returns.

MGIC Investment Corporation (MTG) Top Institutional Holders

430 institutions hold shares in MGIC Investment Corporation (MTG), with 5.41M shares held by insiders accounting for 1.60% while institutional investors hold 96.18% of the company’s shares. The shares outstanding are 338.60M, and float is at 332.94M with Short Float at 9.97%. Institutions hold 94.64% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 33.53 million shares valued at $297.06 million. The investor’s holdings represent 9.90% of the MTG Shares outstanding. As of Sep 29, 2020, the second largest holder is FMR, LLC with 27.39 million shares valued at $242.67 million to account for 8.09% of the shares outstanding. The other top investors are Wellington Management Company, LLP which holds 25.53 million shares representing 7.54% and valued at over $226.22 million, while Goldman Sachs Group, Inc. holds 6.19% of the shares totaling 20.96 million with a market value of $185.68 million.

MGIC Investment Corporation (MTG) Insider Activity

The most recent transaction is an insider purchase by LEHMAN MICHAEL E, the company’s Director. SEC filings show that LEHMAN MICHAEL E bought 8,000 shares of the company’s common stock on Aug 14 at a price of $8.49 per share for a total of $67901.0. Following the purchase, the insider now owns 37989.0 shares.

MGIC Investment Corporation disclosed in a document filed with the SEC on May 19 that Kozlak Jodee A (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 19 and was made at $7.09 per share for $35465.0. Following the transaction, the insider now directly holds 5000.0 shares of the MTG stock.

Still, SEC filings show that on Feb 11, Sperber Julie K. (VP-Chief Accounting Officer) disposed off 5,535 shares at an average price of $14.28 for $79012.0. The insider now directly holds 82,239 shares of MGIC Investment Corporation (MTG).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

MGIC Investment Corporation (MTG): Who are the competitors?

The company’s main competitors (and peers) include Hilltop Holdings Inc. (HTH) that is trading 10.75% up over the past 12 months. Old Republic International Corporation (ORI) is -11.73% down on the 1-year trading charts. Short interest in the company’s stock has risen 12.35% from the last report on Nov 12, 2020 to stand at a total of 29.1 million short shares sold with a short interest ratio of 8.33.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free