Long-Term Investors Should Consider Buying the Dips in MGIC Investment Corporation [MTG] Stock

MGIC Investment Corporation [MTG] shares are down more than -13.26% this year and recently decreased -0.02% or -$0.22 to settle at $12.23. Analysts expect MTG to shrink earnings at a -0.49% annual rate over the next 5 years. MTG has a short ratio of 5.12. This implies that the market is currently less bearish on the outlook for MTG.

On 8, December 2020, MGIC Investment Corporation Releases Monthly Operating Statistics. According to news published on Yahoo Finance, MGIC Investment Corporation (NYSE: MTG) today issued an Operational Summary of the primary mortgage insurance of its insurance subsidiaries for the month of November 2020. The summary is also available on the company’s investor website under Newsroom, Press Releases.

Analyst Birdseye View:

The most recent analyst activity for MGIC Investment Corporation [NYSE:MTG] stock was on June 09, 2020, when it was Downgrade with a Mkt perform rating from Keefe Bruyette, which also raised its 12-month price target on the stock to $12. Before that, on October 07, 2020, Keefe Bruyette Recapitulated an Outperform rating and elevated its amount target to $13. On April 01, 2020, BofA/Merrill Upgrade a Buy rating. On October 22, 2018, Compass Point Reiterated a Buy rating and increased its price target from $14.50 to $16.50. On June 13, 2018, BofA/Merrill Downgrade an Underperform rating. On April 19, 2018, Wells Fargo Downgrade a Market perform rating. On April 10, 2018, RBC Capital Mkts Downgrade a Sector perform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $4.34 and a peak of $15.24. Right now, the middling Wall Street analyst 12-month amount mark is $13.50. At the most recent market close, shares of MGIC Investment Corporation [NYSE:MTG] were valued at $12.23. According to the average price forecast, investors can expect a potential return of -4.89%.

FUNDAMENTAL ANALYSIS

MGIC Investment Corporation [NYSE:MTG] most recently reported quarterly sales of 296.0 billion, which represented growth of -7.00%. This publicly-traded organization’s revenue is $1,676,764 per employee, while its income is $930,612 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 11.25, 17.08, 18.85 and 14.10 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 16.19 and the whole liability to whole assets at 13.24. It shows enduring liability to the whole principal at 16.19 and enduring liability to assets at 0.13 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 12.12 points at 1st support level, the second support level is making up to 12.00. But as of 1st resistance point, this stock is sitting at 12.40 and at 12.56 for 2nd resistance point.

MGIC Investment Corporation [MTG] reported its earnings at $0.43 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.31/share signifying the difference of 0.12 and 38.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.04 calling estimates for $0.14/share with the difference of -0.1 depicting the surprise of -71.40%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.36, it’s amount to book ratio is 1.14 and showing 9.17 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by LEHMAN MICHAEL E, Director, and it was the purchase of 8000.0 shares on Aug 14. Kozlak Jodee A, the Director, completed a purchase of 5000.0 shares on May 19. On Feb 11, Sperber Julie K., VP-Chief Accounting Officer, completed a sale of 5535.0 shares.