A new trading day began on Tuesday, with MGIC Investment Corp (NYSE: MTG) stock price down -0.89% from the previous day of trading, before settling in for the closing price of $24.79. MTG’s price has ranged from $17.31 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%. Meanwhile, its annual earnings per share averaged 11.62%. With a float of $249.55 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 81.98%, operating margin of 61.11%, and the pretax margin is 80.98%.
MGIC Investment Corp (MTG) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Specialty Industry. The insider ownership of MGIC Investment Corp is 1.50%, while institutional ownership is 95.96%. The most recent insider transaction that took place on Aug 02 ’24, was worth 3,676,500.
MGIC Investment Corp (MTG) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.67 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.91% 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
Here are MGIC Investment Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.23. Likewise, its price to free cash flow for the trailing twelve months is 8.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.83, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 2.76 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 1.2 million, which is a drop from its year-to-date volume of 1.76 million. As of the previous 9 days, the stock’s Stochastic %D was 59.87%. Additionally, its Average True Range was 0.51.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 63.29%, which indicates a significant increase from 58.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.00% in the past 14 days, which was higher than the 24.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.17, while its 200-day Moving Average is $22.50. However, in the short run, MGIC Investment Corp’s stock first resistance to watch stands at $24.69. Second resistance stands at $24.81. The third major resistance level sits at $24.91. If the price goes on to break the first support level at $24.48, it is likely to go to the next support level at $24.38. Now, if the price goes above the second support level, the third support stands at $24.26.
MGIC Investment Corp (NYSE: MTG) Key Stats
With a market capitalization of 6.23 billion, the company has a total of 253,365K Shares Outstanding. Currently, annual sales are 1,155 M while annual income is 712,950 K. The company’s previous quarter sales were 306,650 K while its latest quarter income was 199,970 K.
