A new trading day began on Tuesday, with MGIC Investment Corp (NYSE: MTG) stock price down -1.81% from the previous day of trading, before settling in for the closing price of $23.23. MTG’s price has ranged from $19.26 to $26.56 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Financial sector was -0.11%. Meanwhile, its annual earnings per share averaged -2.87%. With a float of $238.22 million, this company’s outstanding shares have now reached $248.45 million.
Considering the fact that the conglomerate employs 627 people, you should pay attention to its efficiency factor. 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
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 1.85%, while institutional ownership is 100.47%. 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
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 4.59. Likewise, its price to free cash flow for the trailing twelve months is 7.61.
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)
Compared to the last year’s volume of 1.75 million, its volume of 2.07 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 13.16%. Additionally, its Average True Range was 0.54.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 4.58%, which indicates a significant decrease from 7.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.51% in the past 14 days, which was lower than the 24.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.32, while its 200-day Moving Average is $24.03. Nevertheless, the first resistance level for the watch stands at $23.25 in the near term. At $23.69, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.00. If the price goes on to break the first support level at $22.50, it is likely to go to the next support level at $22.19. Now, if the price goes above the second support level, the third support stands at $21.75.
MGIC Investment Corp (NYSE: MTG) Key Stats
With a market capitalization of 5.54 billion, the company has a total of 242,707K Shares Outstanding. Currently, annual sales are 1,208 M while annual income is 762,990 K. The company’s previous quarter sales were 301,440 K while its latest quarter income was 184,700 K.
