MGIC Investment Corp (MTG) concluded trading on Thursday at a closing price of $18.93, with 3.34 million shares of worth about $63.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.82% during that period and on Thursday the price saw a loss of about -0.68%. Currently the company’s common shares owned by public are about 277.31M shares, out of which, 274.38M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 84 times over the past 12 months. They bought 27,832 shares in 53 of the transactions. In 31 selling transactions, insiders dumped 768,414 shares.
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However, the stock later moved at a day high price of 19.18, or with a loss of -0.68%. Stock saw a price change of -5.21% in past 5 days and over the past one month there was a price change of -1.25%. Year-to-date (YTD), MTG shares are showing a performance of -1.87% which increased to 35.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.15 but also hit the highest price of $20.26 during that period. The average intraday trading volume for MGIC Investment Corp shares is 1.73 million. The stock is currently trading -3.51% below its 20-day simple moving average (SMA20), while that difference is down -0.58% for SMA50 and it goes to 10.71% higher than SMA200.
MGIC Investment Corp (NYSE: MTG) currently have 277.31M outstanding shares and institutions hold larger chunk of about 95.28% of that.
The stock has a current market capitalization of $5.25B and its 3Y-monthly beta is at 1.23. PE ratio of stock for trailing 12 months is 7.61, while it has posted earnings per share of $2.49 in the same period. Its PEG reads 2.46 while making debt-to-equity ratio of 0.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTG, volatility over the week remained 2.21% while standing at 1.57% over the month.
Analysts are in expectations that MGIC Investment Corp (MTG) stock would likely to be making an EPS of $M&T Bank Corporation in the current quarter, while forecast for next quarter EPS is $131.62 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Arcelor Mittal NY Registry Shar which is $Reaves Utility Income Fund of at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Mettler-Toledo International, I in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -4.42% while it is estimated to increase by 4.30% in next year. EPS is likely to shrink at an annualized rate of 3.09% for next 5-years, compared to annual growth of 6.88% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on December 06, 2023 offering a Neutral rating for the stock and assigned a target price of $18.50 to it.
