MGIC Investment Corp (NYSE: MTG) closed the day trading at $20.61 down -0.91% from the previous closing price of $20.80. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 1388367 shares were traded. MTG stock price reached its highest trading level at $20.94 during the session, while it also had its lowest trading level at $20.57.
Ratios:
For a better understanding of MTG, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
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, Keefe Bruyette on April 04, 2024, Downgraded its rating to Mkt Perform and sets its target price to $24 from $23.50 previously.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $18.50.
On November 15, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $19.Barclays initiated its Equal Weight rating on November 15, 2023, with a $19 target price.
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 5.54B and an Enterprise Value of 5.82B. As of this moment, MGIC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.29, and their Forward P/E ratio for the next fiscal year is 8.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.81 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 5.04.
Stock Price History:
Over the past 52 weeks, MTG has reached a high of $22.43, while it has fallen to a 52-week low of $13.11. The 50-Day Moving Average of the stock is 20.29, while the 200-Day Moving Average is calculated to be 18.22.
Shares Statistics:
Over the past 3-months, MTG traded about 2.12M shares per day on average, while over the past 10 days, MTG traded about 1.92M shares per day. A total of 272.49M shares are outstanding, with a floating share count of 265.89M. Insiders hold about 1.40% of the company’s shares, while institutions hold 96.56% stake in the company. Shares short for MTG as of Mar 28, 2024 were 9.66M with a Short Ratio of 4.63, compared to 10.23M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.59% and a Short% of Float of 4.25%.
Dividends & Splits
MTG’s forward annual dividend rate is 0.45, up from 0.43 a year ago. Against a Trailing Annual Dividend Yield of 2.07%, it implies a Forward Annual Dividend Yield of 2.23%. The stock’s 5-year Average Dividend Yield is 1.85. The current Payout Ratio is 17.29% for MTG, which recently paid a dividend on Mar 05, 2024 with an ex-dividend date of Feb 14, 2024. Stock splits for the company last occurred on Jun 03, 1997 when the company split stock in a 2:1 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of $0.6 for the current quarter, with a high estimate of $0.67 and a low estimate of $0.56, while EPS last year was $0.54. The consensus estimate for the next quarter is $0.62, with high estimates of $0.66 and low estimates of $0.59.
Analysts are recommending an EPS of between $2.6 and $2.38 for the fiscal current year, implying an average EPS of $2.46. EPS for the following year is $2.56, with 8 analysts recommending between $2.74 and $2.5.
Revenue Estimates
5 analysts predict $301.29M in revenue for the current quarter. It ranges from a high estimate of $303.1M to a low estimate of $298.14M. As of the current estimate, MGIC Investment Corp’s year-ago sales were $283.96M, an estimated increase of 6.10% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for MTG’s current fiscal year. The highest revenue estimate was $1.23B, while the lowest revenue estimate was $1.2B, resulting in an average revenue estimate of $1.22B. In the same quarter a year ago, actual revenue was $1.16B, up 5.50% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $1.27B in the next fiscal year. The high estimate is $1.29B and the low estimate is $1.23B. The average revenue growth estimate for next year is up 3.90% from the average revenue estimate for this year.
