MGIC Investment Corp (NYSE: MTG) is -0.34% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MTG stock was last observed hovering at around $23.44 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $23.63, the stock is -1.28% and -4.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.73 million and changing 0.81% at the moment leaves the stock 1.56% off its SMA200. MTG registered 21.18% gain for a year compared to 6-month gain of 9.10%. The firm has a 50-day simple moving average (SMA 50) of $24.6224 and a 200-day simple moving average (SMA200) of $23.2674.
The stock witnessed a -7.41% loss in the last 1 month and extending the period to 3 months gives it a -6.49%, and is -0.34% 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 1.87% over the week and 2.07% over the month.
MGIC Investment Corp (MTG) has around 627 employees, a market worth around $5.99B and $1.19B in sales. Current P/E ratio is 8.35 and Fwd P/E is 8.60. Profit margin for the company is 64.09%. Distance from 52-week low is 26.50% and -11.03% 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 12.99% this year
573.0 institutions hold shares in MGIC Investment Corp (MTG), with institutional investors hold 99.12% of the company’s shares. The shares outstanding are 256.22M, and float is at 249.46M with Short Float at 3.68%. Institutions hold 97.73% 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 6.1531 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.
