The price-to-earnings ratio for MGIC Investment Corporation (NYSE: MTG) is above average at 5.37x. The 36-month beta value for MTG is also noteworthy at 1.33. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for MTG is $16.88, which is $1.98 above than the current price. The public float for MTG is 285.32M, and at present, short sellers hold a 3.63% of that float. The average trading volume of MTG on May 26, 2023 was 2.86M shares.
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MTG) stock’s latest price update
The stock of MGIC Investment Corporation (NYSE: MTG) has decreased by 0.00 when compared to last closing price of 14.90. Despite this, the company has experienced a -3.43% fall in its stock price over the last five trading sessions.
MTG’s Market Performance
MGIC Investment Corporation (MTG) has experienced a -3.43% fall in stock performance for the past week, with a 5.90% rise in the past month, and a 8.05% rise in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 2.32% for MTG. The simple moving average for the last 20 days is 0.35% for MTG stock, with a simple moving average of 8.76% for the last 200 days.
MTG Trading at 6.40% from the 50-Day Moving Average
After a stumble in the market that brought MTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.46% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +1.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.35% upper at present.
During the last 5 trading sessions, MTG fell by -3.43%, which changed the moving average for the period of 200-days by +3.76% in comparison to the 20-day moving average, which settled at $14.86. In addition, MGIC Investment Corporation saw 14.62% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MTG starting from Poliner Gary A., who sale 8,296 shares at the price of $13.92 back on Feb 27. After this action, Poliner Gary A. now owns 8,821 shares of MGIC Investment Corporation, valued at $115,480 using the latest closing price.
Stock Fundamentals for MTG
Current profitability levels for the company are sitting at:
- +100.47 for the present operating margin
The net margin for MGIC Investment Corporation stands at +73.79. The total capital return value is set at 18.29, while invested capital returns managed to touch 15.30. Equity return is now at value 18.20, with 13.30 for asset returns.
Based on MGIC Investment Corporation (MTG), the company’s capital structure generated 14.28 points at debt to equity in total, while total debt to capital is 12.49. Total debt to assets is 10.78, with long-term debt to equity ratio resting at 14.28. Finally, the long-term debt to capital ratio is 12.49.
When we switch over and look at the enterprise to sales, we see a ratio of 3.96, with the company’s debt to enterprise value settled at 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
Conclusion
In summary, MGIC Investment Corporation (MTG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
