MGIC Investment Corp (NYSE: MTG) on Friday, plunged -3.13% from the previous trading day, before settling in for the closing price of $23.63. Within the past 52 weeks, MTG’s price has moved between $18.68 and $26.56.
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Financial Sector giant saw their annual sales slid by -1.24% over the last five years. The company achieved an average annual earnings per share of 12.99%. With a float of $249.46 million, this company’s outstanding shares have now reached $256.22 million.
The firm has a total of 627 workers. Let’s measure their productivity. 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 Activity
Observing investor behavior towards Insurance – Specialty industry stocks is more important than anything else. The insider ownership of MGIC Investment Corp is 1.54%, while institutional ownership is 96.10%. The most recent insider transaction that took place on Aug 02 ’24, was worth 3,676,500.
MGIC Investment Corp (MTG) Earnings and Forecasts
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 12.99% 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
MGIC Investment Corp (MTG) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.87. Likewise, its price to free cash flow for the trailing twelve months is 7.97.
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)
Analysing the last 5-days average volume posted by the [MGIC Investment Corp, MTG], we can find that recorded value of 1.7 million was better than the volume posted last year of 1.68 million. As of the previous 9 days, the stock’s Stochastic %D was 37.21%. Additionally, its Average True Range was 0.50.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 1.34%, which indicates a significant decrease from 4.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.51% in the past 14 days, which was lower than the 23.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.58, while its 200-day Moving Average is $23.27. Now, the first resistance to watch is $23.18. This is followed by the second major resistance level at $23.48. The third major resistance level sits at $23.65. If the price goes on to break the first support level at $22.72, it is likely to go to the next support level at $22.55. Should the price break the second support level, the third support level stands at $22.25.
MGIC Investment Corp (NYSE: MTG) Key Stats
Market capitalization of the company is 5.80 billion based on 253,365K outstanding shares. Right now, sales total 1,155 M and income totals 712,950 K. The company made 306,650 K in profit during its latest quarter, and 199,970 K in sales during its previous quarter.
