MGIC Investment Corp (NYSE: MTG) kicked off on Friday, up 0.76% from the previous trading day, before settling in for the closing price of $23.67. Over the past 52 weeks, MTG has traded in a range of $18.68-$26.56.
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It was noted that within the last five years, the titan of the Financial sector saw sales slided by -1.24%. While this was happening, its average annual earnings per share was recorded 11.62%. With a float of $249.46 million, this company’s outstanding shares have now reached $256.22 million.
The extent of productivity of a business whose workforce counts for 627 workers is very important to gauge. 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 Updates
Our next focus will be how large-scale investors are participating in this stock of the Insurance – Specialty Industry. The insider ownership of MGIC Investment Corp is 1.54%, while institutional ownership is 96.09%. The most recent insider transaction that took place on Aug 02 ’24, was worth 3,676,500.
MGIC Investment Corp (MTG) Performance Highlights and Predictions
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
Take a look at MGIC Investment Corp’s (MTG) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.12. Likewise, its price to free cash flow for the trailing twelve months is 8.37.
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 2.75 in one year’s time.
Technical Analysis of MGIC Investment Corp (MTG)
The latest stats from [MGIC Investment Corp, MTG] show that its last 5-days average volume of 1.28 million was inferior to 1.56 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 65.16%. Additionally, its Average True Range was 0.48.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 24.30%, which indicates a significant decrease from 44.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.51% in the past 14 days, which was lower than the 22.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.73, while its 200-day Moving Average is $23.24. Now, the first resistance to watch is $23.97. This is followed by the second major resistance level at $24.10. The third major resistance level sits at $24.28. If the price goes on to break the first support level at $23.66, it is likely to go to the next support level at $23.48. Assuming the price breaks the second support level, the third support level stands at $23.35.
MGIC Investment Corp (NYSE: MTG) Key Stats
The company with the Market Capitalisation of 6.09 billion has total of 253,365K Shares Outstanding. Its annual sales at the moment are 1,155 M in contrast with the sum of 712,950 K annual income. Company’s last quarter sales were recorded 306,650 K and last quarter income was 199,970 K.
