MGIC Investment Corp [MTG] stock prices are down -0.36% to $24.60 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MTG shares have gain 0.16% over the last week, with a monthly amount drifted -5.96%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MGIC Investment Corp [NYSE: MTG] stock has seen the most recent analyst activity on June 03, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $25 from $24. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on April 04, 2024, and elevated its price target to $24. On December 06, 2023, UBS initiated with a Neutral rating and assigned a price target of $18.50 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $19 on November 15, 2023. RBC Capital Mkts downgraded its rating to a Sector Perform and reduced its price target to $15.70 on July 06, 2023. Compass Point upgraded its rating to Buy for this stock on April 11, 2023, but kept the price target unchanged to $18. In a note dated January 06, 2023, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $16 to $14.
The stock price of MGIC Investment Corp [MTG] has been fluctuating between $17.25 and $26.52 over the past year. Currently, Wall Street analysts expect the stock to reach $20.67 within the next 12 months. MGIC Investment Corp [NYSE: MTG] shares were valued at $24.60 at the most recent close of the market. An investor can expect a potential drop of -15.98% based on the average MTG price forecast.
Analyzing the MTG fundamentals
The MGIC Investment Corp [NYSE:MTG] reported sales of 1.19B for trailing twelve months, representing a surge of 3.42%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.81%, and Net Profit Margin reading is 0.64%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.15 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.41 points at the first support level, and at 24.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.80, and for the 2nd resistance point, it is at 25.00.
Ratios To Look Out For
It’s worth pointing out that MGIC Investment Corp [NYSE:MTG]’s Current Ratio is 3.20. Considering the valuation of this stock, the price to sales ratio is 5.24, the price to book ratio is 1.19 and price to earnings (TTM) ratio is 8.69.
Transactions by insiders
Recent insider trading involved CULVER CURT S, Director, that happened on Aug 02 ’24 when 0.15 million shares were purchased.
