Currently, there are 248.45M common shares owned by the public and among those 238.02M shares have been available to trade.
The company’s stock has a 5-day price change of 1.95% and -3.05% over the past three months. MTG shares are trading -0.67% year to date (YTD), with the 12-month market performance up to 12.36% higher. It has a 12-month low price of $19.26 and touched a high of $26.56 over the same period. MTG has an average intraday trading volume of 1.84 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.11%, -2.83%, and -2.41% respectively.
Institutional ownership of MGIC Investment Corp (NYSE: MTG) shares accounts for 100.45% of the company’s 248.45M shares outstanding.
It has a market capitalization of $5.72B and a beta (3y monthly) value of 0.95. The stock’s trailing 12-month PE ratio is 8.14, while the earnings-per-share (ttm) stands at $2.89. The company has a PEG of 1.87 and the debt-to-equity ratio at 0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.24% over the week and 2.30% over the month.
Earnings per share for the fiscal year are expected to decrease by -2.74%, and 5.04% over the next financial year. EPS should shrink at an annualized rate of 4.36% over the next five years, compared to 9.32% over the past 5-year period.
Looking at the support for the MTG, a number of firms have released research notes about the stock. Compass Point stated their Neutral rating for the stock in a research note on February 05, 2025, with the firm’s price target at $24-$27. Keefe Bruyette coverage for the MGIC Investment Corp (MTG) stock in a research note released on December 10, 2024 offered a Mkt Perform rating with a price target of $29. BofA Securities was of a view on December 09, 2024 that the stock is Underperform, while Keefe Bruyette gave the stock Outperform rating on June 03, 2024, issuing a price target of $24- $25. Keefe Bruyette on their part issued Mkt Perform rating on April 04, 2024.
