MGIC Investment Corp (NYSE: MTG) is 20.89% higher on its value in year-to-date trading and has touched a low of $18.68 and a high of $26.56 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 $23.38 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $23.32, the stock is -7.31% and -7.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing -0.26% at the moment leaves the stock 0.94% off its SMA200. MTG registered 20.64% gain for a year compared to 6-month gain of 9.02%. The firm has a 50-day simple moving average (SMA 50) of $25.0966 and a 200-day simple moving average (SMA200) of $23.1037.
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The stock witnessed a -5.09% loss in the last 1 month and extending the period to 3 months gives it a -8.12%, and is -6.19% down 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 2.47% over the week and 2.04% over the month.
MGIC Investment Corp (MTG) has around 627 employees, a market worth around $5.91B and $1.19B in sales. Current P/E ratio is 8.24 and Fwd P/E is 8.45. Profit margin for the company is 64.09%. Distance from 52-week low is 24.84% and -12.20% from its 52-week high. The company has generated returns on investments over the last 12 months (12.85%).
The EPS is expected to grow by 11.62% this year
572.0 institutions hold shares in MGIC Investment Corp (MTG), with institutional investors hold 99.02% of the company’s shares. The shares outstanding are 256.22M, and float is at 249.46M with Short Float at 3.80%. Institutions hold 97.63% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 36.59 million shares valued at $788.61 million. The investor’s holdings represent 13.5377 of the MTG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 24.49 million shares valued at $527.72 million to account for 9.0591 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 16.33 million shares representing 6.0393 and valued at over $351.8 million, while DIMENSIONAL FUND ADVISORS LP holds 5.6028 of the shares totaling 15.15 million with a market value of $326.37 million.
