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MGIC Investment Corp (NYSE: MTG) closed the day trading at $24.38 down -2.75% from the previous closing price of $25.07. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 2.03 million shares were traded. MTG stock price reached its highest trading level at $24.86 during the session, while it also had its lowest trading level at $24.06.
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 June 03, 2024, Upgraded its rating to Outperform and sets its target price to $25 from $24 previously.
On April 04, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform and also upped its target price recommendation from $23.50 to $24.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $18.50.UBS initiated its Neutral rating on December 06, 2023, with a $18.50 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 02 ’24 when CULVER CURT S bought 150,000 shares for $24.51 per share.
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 6499000832 and an Enterprise Value of 6682261504. As of this moment, MGIC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.01, and their Forward P/E ratio for the next fiscal year is 8.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.36 while its Price-to-Book (P/B) ratio in mrq is 1.25. Its current Enterprise Value per Revenue stands at 5.662 whereas that against EBITDA is 6.638.
Stock Price History:
Over the past 52 weeks, MTG has reached a high of $25.93, while it has fallen to a 52-week low of $16.30. The 50-Day Moving Average of the stock is 2.63%, while the 200-Day Moving Average is calculated to be 16.35%.
Shares Statistics:
Over the past 3-months, MTG traded about 1.58M shares per day on average, while over the past 10 days, MTG traded about 1304360 shares per day. A total of 272.49M shares are outstanding, with a floating share count of 255.33M. Insiders hold about 1.51% of the company’s shares, while institutions hold 98.30% stake in the company. Shares short for MTG as of 1723680000 were 9470764 with a Short Ratio of 6.00, compared to 1721001600 on 9790814. Therefore, it implies a Short% of Shares Outstanding of 9470764 and a Short% of Float of 4.35.
Dividends & Splits
MTG’s forward annual dividend rate is 0.47, up from 0.46 a year ago. Against a Trailing Annual Dividend Yield of 0.018348625The stock’s 5-year Average Dividend Yield is 2.12.
Earnings Estimates
MGIC Investment Corp (MTG) is presently subject to a detailed evaluation by 8.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.67, with high estimates of $0.74 and low estimates of $0.61.
Analysts are recommending an EPS of between $2.89 and $2.64 for the fiscal current year, implying an average EPS of $2.76. EPS for the following year is $2.74, with 7.0 analysts recommending between $2.87 and $2.52.
Revenue Estimates
5 analysts predict $305.98M in revenue for the current quarter. It ranges from a high estimate of $307.93M to a low estimate of $304.9M. As of the current estimate, MGIC Investment Corp’s year-ago sales were $296.5MFor the next quarter, 5 analysts are estimating revenue of $308.54M. There is a high estimate of $309.61M for the next quarter, whereas the lowest estimate is $307.3M.
A total of 5 analysts have provided revenue estimates for MTG’s current fiscal year. The highest revenue estimate was $1.22B, while the lowest revenue estimate was $1.21B, resulting in an average revenue estimate of $1.22B. In the same quarter a year ago, actual revenue was $1.16BBased on 4 analysts’ estimates, the company’s revenue will be $1.26B in the next fiscal year. The high estimate is $1.28B and the low estimate is $1.25B.
