MGIC Investment Corp (NYSE: MTG) has a higher price-to-earnings ratio of 7.84x compared to its average ratio, The 36-month beta value for MTG is at 1.25. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MTG is 265.89M, and currently, shorts hold a 3.63% of that float. The average trading volume for MTG on April 17, 2024 was 2.14M shares.
MTG) stock’s latest price update
MGIC Investment Corp (NYSE: MTG) has seen a decline in its stock price by -0.41 in relation to its previous close of 19.58. However, the company has experienced a -5.39% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that Multiline insurers like MetLife (MET), Prudential Financial (PRU), MGIC Investment (MTG), CNO Financial (CNO) and Old Republic (ORI), which have a solid dividend history, offer a breather amid volatility.
MTG’s Market Performance
MGIC Investment Corp (MTG) has experienced a -5.39% fall in stock performance for the past week, with a -7.10% drop in the past month, and a 1.51% rise in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.05% for MTG. The simple moving average for the past 20 days is -7.67% for MTG’s stock, with a 6.52% simple moving average for the past 200 days.
Analysts’ Opinion of MTG
Many brokerage firms have already submitted their reports for MTG stocks, with Keefe Bruyette repeating the rating for MTG by listing it as a “Mkt Perform.” The predicted price for MTG in the upcoming period, according to Keefe Bruyette is $24 based on the research report published on April 04, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see MTG reach a price target of $18.50. The rating they have provided for MTG stocks is “Neutral” according to the report published on December 06th, 2023.
Barclays gave a rating of “Equal Weight” to MTG, setting the target price at $19 in the report published on November 15th of the previous year.
MTG Trading at -3.80% 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 -13.06% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -5.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.56% lower at present.
During the last 5 trading sessions, MTG fell by -5.39%, which changed the moving average for the period of 200-days by +24.52% in comparison to the 20-day moving average, which settled at $21.06. In addition, MGIC Investment Corp saw 1.09% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MTG
Current profitability levels for the company are sitting at:
- 0.78 for the present operating margin
- 0.85 for the gross margin
The net margin for MGIC Investment Corp stands at 0.62. The total capital return value is set at 0.15. Equity return is now at value 14.68, with 11.30 for asset returns.
Based on MGIC Investment Corp (MTG), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 24.43.
Currently, EBITDA for the company is 902.23 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 4.79. The receivables turnover for the company is 11.36for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In conclusion, MGIC Investment Corp (MTG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
