MGIC Investment Corp (NYSE: MTG) is -2.57% lower on its value in year-to-date trading and has touched a low of $19.26 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 $22.56 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $23.10, the stock is -3.14% and -4.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.98 million and changing 2.39% at the moment leaves the stock -4.01% off its SMA200. MTG registered 10.37% gain for a year compared to 6-month loss of -5.25%. The firm has a 50-day simple moving average (SMA 50) of $24.26 and a 200-day simple moving average (SMA200) of $24.06565.
The stock witnessed a -4.27% gain in the last 1 month and extending the period to 3 months gives it a -5.98%, and is -2.90% 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 2.81% over the week and 2.18% over the month.
MGIC Investment Corp (MTG) has around 627 employees, a market worth around $5.61B and $1.21B in sales. Current P/E ratio is 7.99 and Fwd P/E is 7.78. Profit margin for the company is 63.20%. Distance from 52-week low is 19.94% and -13.03% from its 52-week high. The company has generated returns on investments over the last 12 months (12.85%).
with sales reaching $306.56M over the same period.The EPS is expected to shrink by -2.87% this year, but quarterly earnings will post 2.35% year-over-year. Quarterly sales are estimated to grow 4.14% in year-over-year returns.
MGIC Investment Corp (MTG) Top Institutional Holders
567.0 institutions hold shares in MGIC Investment Corp (MTG), with institutional investors hold 103.79% of the company’s shares. The shares outstanding are 248.45M, and float is at 238.02M with Short Float at 4.90%. Institutions hold 101.94% 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
The most recent transaction is an insider sale by Sperber Julie K., the company’s VP-Chief Accounting Officer. SEC filings show that Sperber Julie K. sold 4,600 shares of the company’s common stock on Feb 21 ’25 at a price of $24.55 per share for a total of $0.11 million. Following the sale, the insider now owns 75070.0 shares.
