On Monday, MGIC Investment Corp (NYSE: MTG) opened higher 1.08% from the last session, before settling in for the closing price of $24.89. Price fluctuations for MTG have ranged from $16.32 to $26.52 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 0.62%. Company’s average yearly earnings per share was noted 7.89% at the time writing. With a float of $255.33 million, this company’s outstanding shares have now reached $272.49 million.
Let’s determine the extent of company efficiency that accounts for 627 employees. In terms of profitability, gross margin is 81.9%, operating margin of 81.5%, and the pretax margin is 79.99%.
MGIC Investment Corp (MTG) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Insurance – Specialty industry is another important factor to consider. The insider ownership of MGIC Investment Corp is 1.51%, while institutional ownership is 96.03%. The most recent insider transaction that took place on Aug 02 ’24, was worth 3,676,500.
MGIC Investment Corp (MTG) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.64 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.56) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.80% during the next five years compared to 6.88% growth over the previous five years of trading.
MGIC Investment Corp (NYSE: MTG) Trading Performance Indicators
Check out the current performance indicators for MGIC Investment Corp (MTG). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.53. Likewise, its price to free cash flow for the trailing twelve months is 9.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.71, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 2.75 in one year’s time.
Technical Analysis of MGIC Investment Corp (MTG)
Looking closely at MGIC Investment Corp (NYSE: MTG), its last 5-days average volume was 1.32 million, which is a drop from its year-to-date volume of 1.75 million. As of the previous 9 days, the stock’s Stochastic %D was 19.68%. Additionally, its Average True Range was 0.48.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 77.89%, which indicates a significant increase from 20.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.88% in the past 14 days, which was lower than the 22.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.24, while its 200-day Moving Average is $22.11. However, in the short run, MGIC Investment Corp’s stock first resistance to watch stands at $25.34. Second resistance stands at $25.53. The third major resistance level sits at $25.65. If the price goes on to break the first support level at $25.03, it is likely to go to the next support level at $24.91. Now, if the price goes above the second support level, the third support stands at $24.72.
MGIC Investment Corp (NYSE: MTG) Key Stats
There are currently 266,587K shares outstanding in the company with a market cap of 6.52 billion. Presently, the company’s annual sales total 1,155 M according to its annual income of 712,950 K. Last quarter, the company’s sales amounted to 305,280 K and its income totaled 204,230 K.
