MGIC Investment Corporation (NYSE: MTG) is 5.77% higher on its value in year-to-date trading and has touched a low of $11.38 and a high of $16.41 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MTG stock was last observed hovering at around $13.85 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $13.75, the stock is 4.71% and 4.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing -0.72% at the moment leaves the stock 2.44% off its SMA200. MTG registered -8.52% loss for a year compared to 6-month loss of -1.22%.
The stock witnessed a 4.96% gain in the last 1 month and extending the period to 3 months gives it a 10.89%, and is 3.07% 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 2.27% over the week and 2.02% over the month.
MGIC Investment Corporation (MTG) has around 711 employees, a market worth around $4.05B and $1.17B in sales. Current P/E ratio is 5.13 and Fwd P/E is 6.48. Profit margin for the company is 72.20%. Distance from 52-week low is 20.88% and -16.21% from its 52-week high. The company has generated returns on investments over the last 12 months (11.80%).
MGIC Investment Corporation (MTG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for MGIC Investment Corporation (MTG) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 6 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 05/03/2023.The EPS is expected to grow by 43.40% this year.
MGIC Investment Corporation (MTG) Top Institutional Holders
The shares outstanding are 302.62M, and float is at 292.30M with Short Float at 5.92%.
MGIC Investment Corporation (MTG) Insider Activity
A total of 31 insider transactions have happened at MGIC Investment Corporation (MTG) in the last six months, with sales accounting for 6 and purchases happening 25 times.
MGIC Investment Corporation (MTG): Who are the competitors?
The company’s main competitors (and peers) include Rocket Companies Inc. (RKT) that is trading -25.51% down over the past 12 months and UWM Holdings Corporation (UWMC) that is -17.58% lower over the same period. Walker & Dunlop Inc. (WD) is -30.42% down on the 1-year trading charts.