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In the latest session, MGIC Investment Corp (NYSE: MTG) closed at $23.85 up 1.40% from its previous closing price of $23.52. In other words, the price has increased by $1.40 from its previous closing price. On the day, 3.35 million shares were traded. MTG stock price reached its highest trading level at $23.945 during the session, while it also had its lowest trading level at $23.365.
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 0.12 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, 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 6182730752 and an Enterprise Value of 6523191808. As of this moment, MGIC’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.43, and their Forward P/E ratio for the next fiscal year is 8.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.19 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 5.481 whereas that against EBITDA is 6.395.
Stock Price History:
Over the past 52 weeks, MTG has reached a high of $26.52, while it has fallen to a 52-week low of $17.25. The 50-Day Moving Average of the stock is -5.54%, while the 200-Day Moving Average is calculated to be 7.14%.
Shares Statistics:
For the past three months, MTG has traded an average of 1.49M shares per day and 1788140 over the past ten days. 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 95.85% stake in the company. Shares short for MTG as of 1728950400 were 9109852 with a Short Ratio of 6.12, compared to 1726185600 on 9676301. Therefore, it implies a Short% of Shares Outstanding of 9109852 and a Short% of Float of 4.24.
Dividends & Splits
According to the company, the forward annual dividend rate for MTG is 0.47, from 0.43 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018282313The stock’s 5-year Average Dividend Yield is 2.17.
