MGIC Investment Corp (NYSE: MTG) is -2.24% 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 $22.89 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $23.18, the stock is -2.48% and -5.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 1.27% at the moment leaves the stock -0.43% off its SMA200. MTG registered 19.73% gain for a year compared to 6-month gain of 3.44%. The firm has a 50-day simple moving average (SMA 50) of $24.577 and a 200-day simple moving average (SMA200) of $23.27265.
The stock witnessed a -5.66% loss in the last 1 month and extending the period to 3 months gives it a -8.85%, and is -2.81% 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 2.15% over the week and 1.98% over the month.
MGIC Investment Corp (MTG) has around 627 employees, a market worth around $5.87B and $1.19B in sales. Current P/E ratio is 8.19 and Fwd P/E is 8.44. Profit margin for the company is 64.09%. Distance from 52-week low is 24.09% and -12.73% from its 52-week high. The company has generated returns on investments over the last 12 months (12.85%).
with sales reaching $303.54M over the same period.The EPS is expected to grow by 12.99% this year, but quarterly earnings will post 4.97% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
MGIC Investment Corp (MTG) Top Institutional Holders
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 4.16%. 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.
MGIC Investment Corp (MTG) Insider Activity
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