MGIC Investment Corporation [MTG] Revenue clocked in at $1.23 billion, down -39.59% YTD: What’s Next?

MGIC Investment Corporation [NYSE: MTG] traded at a low on 06/18/20, posting a -1.38 loss after which it closed the day’ session at $8.56. The results of the trading session contributed to over 6398248 shares changing hands. Over the past one week, the price volatility of MGIC Investment Corporation stands at 6.31% while the volatility over the past one month is 6.52%.

The market cap for MTG stock reached $2.72 billion, with 344.05 million shares outstanding and 332.91 million shares in the current float. Compared to the average trading volume of 7.64M shares, MTG reached a trading volume of 6398248 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MGIC Investment Corporation [MTG]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTG shares is $12.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MTG stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Keefe Bruyette have made an estimate for MGIC Investment Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on June 09, 2020. The new note on the price target was released on April 01, 2020, representing the official price target for MGIC Investment Corporation stock. Previously, the target price had yet another raise from $14.50 to $16.50, while Compass Point kept a Buy rating on MTG stock.

The Average True Range (ATR) for MGIC Investment Corporation is set at 0.64, with the Price to Sales ratio for MTG stock in the period of the last 12 months amounting to 2.21. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 1.15. Price to Free Cash Flow for MTG in the course of the last twelve months was 4.68.

How has MTG stock performed recently?

MGIC Investment Corporation [MTG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.26. With this latest performance, MTG shares gained by 18.23% in over the last four-week period, additionally sinking by -40.84% over the last 6 months – not to mention a drop of -38.28% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MTG stock in for the last two-week period is set at 52.93, with the RSI for the last a single of trading hit 47.86, and the three-weeks RSI is set at 51.63 for MGIC Investment Corporation [MTG]. The present Moving Average for the last 50 days of trading for this stock 7.55, while it was recorded at 8.75 for the last single week of trading, and 11.44 for the last 200 days.

MGIC Investment Corporation [MTG]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MGIC Investment Corporation [MTG] shares currently have an operating margin of +74.19. MGIC Investment Corporation’s Net Margin is presently recorded at +55.50.

Return on Total Capital for MTG is now 18.85, given the latest momentum, and Return on Invested Capital for the company is 14.10. Return on Equity for this stock inclined to 17.08, with Return on Assets sitting at 11.25. When it comes to the capital structure of this company, MGIC Investment Corporation [MTG] has a Total Debt to Total Equity ratio set at 19.32. Additionally, MTG Total Debt to Total Capital is recorded at 16.19, with Total Debt to Total Assets ending up at 13.24. Long-Term Debt to Equity for the company is recorded at 19.32, with the Long-Term Debt to Total Capital now at 16.19.

Reflecting on the efficiency of the workforce at the company, MGIC Investment Corporation [MTG] managed to generate an average of $930,612 per employee.

Earnings analysis for MGIC Investment Corporation [MTG]

With the latest financial reports released by the company, MGIC Investment Corporation posted 0.46/share EPS, while the average EPS was predicted by analysts to be reported at 0.42/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MTG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for MGIC Investment Corporation go to -0.27%.

Insider trade positions for MGIC Investment Corporation [MTG]

There are presently around $2,767 million, or 95.30% of MTG stock, in the hands of institutional investors. The top three institutional holders of MTG stocks are: VANGUARD GROUP INC with ownership of 36,806,616, which is approximately 4.199% of the company’s market cap and around 0.80% of the total institutional ownership; FMR LLC, holding 22,640,139 shares of the stock with an approximate value of $196.52 million in MTG stocks shares; and BLACKROCK INC., currently with $154.84 million in MTG stock with ownership of nearly -0.709% of the company’s market capitalization.

Positions in MGIC Investment Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 159 institutional holders increased their position in MGIC Investment Corporation [NYSE:MTG] by around 50,953,303 shares. Additionally, 183 investors decreased positions by around 50,537,591 shares, while 48 investors held positions by with 217,268,112 shares. The mentioned changes placed institutional holdings at 318,759,006 shares, according to the latest SEC report filing. MTG stock had 52 new institutional investments in for a total of 8,854,741 shares, while 53 institutional investors sold positions of 7,313,045 shares during the same period.

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