At the time of writing, MGIC Investment Corp [MTG] stock is trading at $24.40, down -1.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MTG shares have gain 3.61% over the last week, with a monthly amount glided 0.54%, 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 February 05, 2025, when Compass Point downgraded its rating to a Neutral and also boosted its price target to $27 from $24. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on December 10, 2024, and elevated its price target to $29. On December 09, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $25 on the stock. Keefe Bruyette upgraded its rating to a Outperform and increased its price target to $25 on June 03, 2024. Keefe Bruyette downgraded its rating to a Mkt Perform and raised its price target to $24 on April 04, 2024. UBS started tracking with a Neutral rating for this stock on December 06, 2023, and assigned it a price target of $18.50. In a note dated November 15, 2023, Barclays initiated an Equal Weight rating and provided a target price of $19 on this stock.
For the past year, the stock price of MGIC Investment Corp fluctuated between $19.26 and $26.56. 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 $24.40 at the most recent close of the market. An investor can expect a potential drop of -15.29% based on the average MTG price forecast.
Analyzing the MTG fundamentals
According to MGIC Investment Corp [NYSE:MTG], the company’s sales were 1.21B for trailing twelve months, which represents an 6.16% jump. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.8%, and Net Profit Margin reading is 0.63%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.14 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 24.18 points at the first support level, and at 23.95 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 25.20.
Ratios To Look Out For
It is important to note that MGIC Investment Corp [NYSE:MTG] has a current ratio of 3.36. Considering the valuation of this stock, the price to sales ratio is 4.90, the price to book ratio is 1.17 and price to earnings (TTM) ratio is 8.43.
Transactions by insiders
Recent insider trading involved Sperber Julie K., VP-Chief Accounting Officer, that happened on Feb 21 ’25 when 4600.0 shares were sold. Director, CULVER CURT S completed a deal on Aug 02 ’24 to buy 0.15 million shares.
