MGIC Investment Corp [NYSE: MTG] closed the trading session at $23.41.
The stocks have a year to date performance of -1.27 percent and weekly performance of 3.58 percent. The stock has been moved at -8.38 percent over the last six months. The stock has performed -5.41 percent around the most recent 30 days and changed -4.64 percent over the most recent 3-months.
If compared to the average trading volume of 1.86M shares, MTG reached to a volume of 3950912 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about MGIC Investment Corp [MTG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MTG shares is $27.14 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 2.89. 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.
Compass Point have made an estimate for MGIC Investment Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 05, 2025. The new note on the price target was released on December 10, 2024, representing the official price target for MGIC Investment Corp stock. Previously, the target price had yet another raise to $25, while BofA Securities analysts kept a Underperform rating on MTG stock. On June 03, 2024, analysts increased their price target for MTG shares from 24 to 25.
The Average True Range (ATR) for MGIC Investment Corp is set at 0.53, with the Price to Sales ratio for MTG stock in the period of the last 12 months amounting to 4.71. The Price to Book ratio for the last quarter was 1.13. Price to Free Cash Flow for MTG in the course of the last twelve months was 7.81.
MTG stock trade performance evaluation
MGIC Investment Corp [MTG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.58. With this latest performance, MTG shares dropped by -5.41% in over the last four-week period, additionally sinking by -8.38% over the last 6 months – not to mention a rise of 11.53% 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 44.90, with the RSI for the last a single of trading hit 48.02, and the three-weeks RSI is set at 44.52 for MGIC Investment Corp [MTG]. The present Moving Average for the last 50 days of trading for this stock 24.23, while it was recorded at 23.06 for the last single week of trading, and 24.11 for the last 200 days.
MGIC Investment Corp [MTG]: An insightful look at the core fundamentals
MGIC Investment Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.56.
Earnings per share (EPS) analysis for MGIC Investment Corp [MTG] stock
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 Corp go to 4.36%.
MGIC Investment Corp [MTG]: Institutional Ownership
There are presently around $101.94%, or 103.80%% of MTG stock, in the hands of institutional investors. The top three institutional holders of MTG stocks are: VANGUARD GROUP INC with ownership of 36.59 million shares, which is approximately 13.5377%. BLACKROCK INC., holding 24.49 million shares of the stock with an approximate value of $$527.72 million in MTG stocks shares; and BLACKROCK INC., currently with $$351.8 million in MTG stock with ownership which is approximately 6.1531%.
