MGIC Investment Corp (MTG) Stock Price Highs and Lows Over the Last Year

In the latest session, MGIC Investment Corp (NYSE: MTG) closed at $20.55 down -5.21% from its previous closing price of $21.68. In other words, the price has decreased by -$1.13 from its previous closing price. On the day, 3351969 shares were traded.

Ratios:

For a deeper understanding of MGIC Investment Corp’s stock, let’s take a closer look at its various 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 5.52B and an Enterprise Value of 5.80B. As of this moment, MGIC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.26, 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 2.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.80 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 5.02.

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 20.23, while the 200-Day Moving Average is calculated to be 18.11.

Shares Statistics:

For the past three months, MTG has traded an average of 2.10M shares per day and 2.16M over the past ten days. 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 96.68% stake in the company. Shares short for MTG as of Mar 15, 2024 were 9.84M with a Short Ratio of 4.68, compared to 9.19M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.66% and a Short% of Float of 4.33%.

Dividends & Splits

According to the company, the forward annual dividend rate for MTG is 0.45, from 0.43 in the trailing year. Against a Trailing Annual Dividend Yield of 1.98%, it implies a Forward Annual Dividend Yield of 2.12%. 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

There are 9 different market analysts currently analyzing its stock. 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

A total of 5 analysts believe the company’s revenue will be $301.29M this 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.

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