MGIC Investment Corp (NYSE: MTG) kicked off on Friday, down -0.67% from the previous trading day, before settling in for the closing price of $23.71. Over the past 52 weeks, MTG has traded in a range of $19.26-$26.56.
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During the last 5-year period, the sales drop of Financial Sector giant was -0.11%. While this was happening, its average annual earnings per share was recorded -2.74%. With a float of $238.02 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) Insider Activity
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 1.93%, while institutional ownership is 100.45%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.72 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.74% 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
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 4.73. Likewise, its price to free cash flow for the trailing twelve months is 7.85.
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 7.42 million, which is a jump from its year-to-date volume of 2.32 million. As of the previous 9 days, the stock’s Stochastic %D was 79.97%. Additionally, its Average True Range was 0.53.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 29.34%, which indicates a significant decrease from 59.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.71% in the past 14 days, which was higher than the 24.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $24.24, while its 200-day Moving Average is $24.13. However, in the short run, MGIC Investment Corp’s stock first resistance to watch stands at $23.78. Second resistance stands at $24.01. The third major resistance level sits at $24.25. If the price goes on to break the first support level at $23.31, it is likely to go to the next support level at $23.07. Should the price break the second support level, the third support level stands at $22.84.
MGIC Investment Corp (NYSE: MTG) Key Stats
The company with the Market Capitalisation of 5.72 billion has total of 242,707K Shares Outstanding. Its annual sales at the moment are 1,208 M in contrast with the sum of 762,990 K annual income. Company’s last quarter sales were recorded 301,440 K and last quarter income was 184,700 K.
