MGIC Investment Corp (MTG) concluded trading on Thursday at a closing price of $24.43, with 3.95 million shares of worth about $96.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.32% during that period and on July 25, 2024 the price saw a gain of about 4.58%. Currently the company’s common shares owned by public are about 272.49M shares, out of which, 262.80M shares are available for trading.
Stock saw a price change of 4.45% in past 5 days and over the past one month there was a price change of 14.32%. Year-to-date (YTD), MTG shares are showing a performance of 26.65% which increased to 46.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.30 but also hit the highest price of $23.90 during that period. The average intraday trading volume for MGIC Investment Corp shares is 1.64 million. The stock is currently trading 9.39% above its 20-day simple moving average (SMA20), while that difference is up 13.64% for SMA50 and it goes to 23.55% higher than SMA200.
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MGIC Investment Corp (NYSE: MTG) currently have 272.49M outstanding shares and institutions hold larger chunk of about 97.16% of that.
The stock has a current market capitalization of $6.51B and its 3Y-monthly beta is at 1.26. PE ratio of stock for trailing 12 months is 9.40, while it has posted earnings per share of $2.60 in the same period. Its PEG reads 7.83 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 2.03% while standing at 1.94% over the month.
Stock’s fiscal year EPS is expected to rise by 1.18% while it is estimated to increase by 3.08% in next year. EPS is likely to shrink at an annualized rate of 1.20% 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 Keefe Bruyette on June 03, 2024 offering an Outperform rating for the stock and assigned a target price range of between $24 and $25 to it. Coverage by Keefe Bruyette stated MGIC Investment Corp (MTG) stock as a Mkt perform in their note to investors on April 04, 2024, suggesting a price target of $24 for the stock. On December 06, 2023, UBS Initiated their recommendations, while on November 15, 2023, Barclays Initiated their ratings for the stock with a price target of $19. Stock get a Sector perform rating from RBC Capital Mkts on July 06, 2023.
