A share price of MGIC Investment Corp [MTG] is currently trading at $23.70, up 2.24%. 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 1.15% over the last week, with a monthly amount drifted -4.47%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MGIC Investment Corp [NYSE: MTG] stock has seen the most recent analyst activity on December 10, 2024, when Keefe Bruyette downgraded its rating to a Mkt Perform and also boosted its price target to $29 from $29. Previously, BofA Securities downgraded its rating to Underperform on December 09, 2024, and kept the price target unchanged to $25. On June 03, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $25 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and increased its price target to $24 on April 04, 2024. UBS initiated its recommendation with a Neutral and recommended $18.50 as its price target on December 06, 2023. Barclays started tracking with a Equal Weight rating for this stock on November 15, 2023, and assigned it a price target of $19. In a note dated July 06, 2023, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $17 to $15.70.
MGIC Investment Corp experienced fluctuations in its stock price throughout the past year between $18.68 and $26.56. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. MGIC Investment Corp [NYSE: MTG] shares were valued at $23.70 at the most recent close of the market. An investor can expect a potential return of 5.49% based on the average MTG price forecast.
Analyzing the MTG fundamentals
Trailing Twelve Months sales for MGIC Investment Corp [NYSE:MTG] were 1.19B which represents 3.42% growth. 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 23.37 points at the first support level, and at 23.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.93, and for the 2nd resistance point, it is at 24.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MGIC Investment Corp [NYSE:MTG] is 3.20. Considering the valuation of this stock, the price to sales ratio is 5.04, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 8.37.
Transactions by insiders
Recent insider trading involved CULVER CURT S, Director, that happened on Aug 02 ’24 when 0.15 million shares were purchased.
