MGIC Investment Corp [MTG] stock is trading at $25.47, down -0.43%. An important factor to consider is whether the stock is rising or falling in short-term value. The MTG shares have gain 3.71% over the last week, with a monthly amount glided 6.93%, and 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 [MTG] stock has fluctuated between $18.68 and $26.56 over the past year. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. MGIC Investment Corp [NYSE: MTG] shares were valued at $25.47 at the most recent close of the market. An investor can expect a potential drop of -1.85% based on the average MTG price forecast.
Analyzing the MTG fundamentals
MGIC Investment Corp [NYSE:MTG] reported sales of 1.19B for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 25.35 points at the first support level, and at 25.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.66, and for the 2nd resistance point, it is at 25.84.
Ratios To Look Out For
For context, MGIC Investment Corp’s Current Ratio is 3.20. Considering the valuation of this stock, the price to sales ratio is 5.42, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 9.00.
Transactions by insiders
Recent insider trading involved CULVER CURT S, Director, that happened on Aug 02 ’24 when 0.15 million shares were purchased.
