A new trading day began on Friday, with MGIC Investment Corp (NYSE: MTG) stock price up 1.46% from the previous day of trading, before settling in for the closing price of $23.32. MTG’s price has ranged from $18.68 to $26.56 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 0.62% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 11.62%. With a float of $249.46 million, this company’s outstanding shares have now reached $256.22 million.
In an organization with 627 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
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 1.54%, while institutional ownership is 96.05%. The most recent insider transaction that took place on Aug 02 ’24, was worth 3,676,500.
MGIC Investment Corp (MTG) Latest Financial update
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 5.11. Likewise, its price to free cash flow for the trailing twelve months is 8.36.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 2.42 million. That was better than the volume of 1.75 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.01%. Additionally, its Average True Range was 0.57.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 21.20%, which indicates a significant increase from 21.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.10% in the past 14 days, which was lower than the 24.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.06, while its 200-day Moving Average is $23.12. However, in the short run, MGIC Investment Corp’s stock first resistance to watch stands at $23.97. Second resistance stands at $24.29. The third major resistance level sits at $24.78. If the price goes on to break the first support level at $23.16, it is likely to go to the next support level at $22.67. The third support level lies at $22.35 if the price breaches the second support level.
MGIC Investment Corp (NYSE: MTG) Key Stats
With a market capitalization of 6.08 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.
