On Tuesday, MGIC Investment Corp (NYSE: MTG) was -3.87% drop from the session before settling in for the closing price of $24.57. A 52-week range for MTG has been $19.26 – $26.56.
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During the last 5-year period, the sales drop of Financial Sector giant was -0.11%. When this article was written, the company’s average yearly earnings per share was at -2.87%. With a float of $237.74 million, this company’s outstanding shares have now reached $248.45 million.
Let’s determine the extent of company efficiency that accounts for 627 employees. In terms of profitability, gross margin is 86.53%, operating margin of 41.19%, and the pretax margin is 80.21%.
MGIC Investment Corp (MTG) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward MGIC Investment Corp stocks. The insider ownership of MGIC Investment Corp is 2.05%, while institutional ownership is 100.44%. The most recent insider transaction that took place on Feb 21 ’25, was worth 112,930. In this transaction VP-Chief Accounting Officer of this company sold 4,600 shares at a rate of $24.55, taking the stock ownership to the 75,070 shares. Before that another transaction happened on Aug 02 ’24, when Company’s Director proposed sale 150,000 for $24.51, making the entire transaction worth $3,676,500.
MGIC Investment Corp (MTG) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.71 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.36% during the next five years compared to 9.32% growth over the previous five years of trading.
MGIC Investment Corp (NYSE: MTG) Trading Performance Indicators
You can see what MGIC Investment Corp (MTG) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.75. Likewise, its price to free cash flow for the trailing twelve months is 7.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.89, a number that is poised to hit 0.69 in the next quarter and is forecasted to reach 2.97 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 1.8 million, which is a jump from its year-to-date volume of 1.71 million. As of the previous 9 days, the stock’s Stochastic %D was 45.92%. Additionally, its Average True Range was 0.51.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 23.64%, which indicates a significant increase from 0.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.52% in the past 14 days, which was lower than the 23.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.33, while its 200-day Moving Average is $23.97. However, in the short run, MGIC Investment Corp’s stock first resistance to watch stands at $24.14. Second resistance stands at $24.65. The third major resistance level sits at $24.92. If the price goes on to break the first support level at $23.36, it is likely to go to the next support level at $23.09. Now, if the price goes above the second support level, the third support stands at $22.58.
MGIC Investment Corp (NYSE: MTG) Key Stats
There are 242,707K outstanding shares of the company, which has a market capitalization of 5.73 billion. As of now, sales total 1,208 M while income totals 762,990 K. Its latest quarter income was 301,440 K while its last quarter net income were 184,700 K.
