The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of MGIC Investment Corp (NYSE: MTG) closed at $24.06 in the last session, up 2.17% from day before closing price of $23.55. In other words, the price has increased by $2.17 from its previous closing price. On the day, 2.63 million shares were traded. MTG stock price reached its highest trading level at $24.11 during the session, while it also had its lowest trading level at $23.58.
Ratios:
We take a closer look at MTG’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Compass Point on February 05, 2025, Downgraded its rating to Neutral and sets its target price to $27 from $24 previously.
On December 10, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform and also upped its target price recommendation from $29 to $29.
BofA Securities Downgraded its Buy to Underperform on December 09, 2024, while the target price for the stock was maintained at $25.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 21 ’25 when Sperber Julie K. sold 4,600 shares for $24.55 per share. The transaction valued at 112,930 led to the insider holds 75,070 shares of the business.
CULVER CURT S bought 150,000 shares of MTG for $3,676,500 on Aug 02 ’24.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTG now has a Market Capitalization of 5835199488 and an Enterprise Value of 6256517120. As of this moment, MGIC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.32, and their Forward P/E ratio for the next fiscal year is 8.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.84 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 5.18 whereas that against EBITDA is 6.117.
Stock Price History:
The Beta on a monthly basis for MTG is 0.95, which has changed by 0.10671568 over the last 52 weeks, in comparison to a change of 0.10838497 over the same period for the S&P500. Over the past 52 weeks, MTG has reached a high of $26.56, while it has fallen to a 52-week low of $19.26. The 50-Day Moving Average of the stock is -0.76%, while the 200-Day Moving Average is calculated to be -0.36%.
Shares Statistics:
According to the various share statistics, MTG traded on average about 2.19M shares per day over the past 3-months and 4935750 shares per day over the past 10 days. A total of 248.45M shares are outstanding, with a floating share count of 238.02M. Insiders hold about 1.93% of the company’s shares, while institutions hold 100.45% stake in the company. Shares short for MTG as of 1740700800 were 11657980 with a Short Ratio of 5.32, compared to 1738281600 on 9803878. Therefore, it implies a Short% of Shares Outstanding of 11657980 and a Short% of Float of 5.79.
Dividends & Splits
The forward annual dividend rate for MTG is 0.51, which was 0.49 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.020806795The stock’s 5-year Average Dividend Yield is 2.23. The current Payout Ratio is 16.95% for MTG, which recently paid a dividend on 2025-02-18 with an ex-dividend date of 1739836800. Stock splits for the company last occurred on 1997-06-03 when the company split stock in a 2:1 ratio.
