MGIC Investment Corp [NYSE: MTG] loss -2.67% or -0.71 points to close at $25.87 with a heavy trading volume of 3844353 shares.
It opened the trading session at $26.54, the shares rose to $26.6 and dropped to $25.7801, the range by which the price of stock traded the whole day. The daily chart for MTG points out that the company has recorded 10.41% gains over the past six months.
If we look at the average trading volume of 1.97M shares, MTG reached to a volume of 3844353 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $27.50 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 2.86. 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 Price to Book ratio for the last quarter was 1.21. Price to Free Cash Flow for MTG in the course of the last twelve months was 8.12.
Trading performance analysis for MTG stock
MGIC Investment Corp [MTG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.31. With this latest performance, MTG shares dropped by -0.69% in over the last four-week period, additionally plugging by 10.41% over the last 6 months – not to mention a rise of 9.11% in the past year of trading.
MGIC Investment Corp [MTG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and MGIC Investment Corp [MTG] shares currently have an operating margin of 83.56%. MGIC Investment Corp’s Net Margin is presently recorded at 63.49%.
Return on Equity for this stock inclined to 11.93%, with Return on Assets sitting at 11.93%.
MGIC Investment Corp [MTG]: An earnings per share (EPS) analysis
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 3.74%.
An analysis of Institutional ownership at MGIC Investment Corp [MTG]
There are presently around $99.09%, or 100.90% 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 13.7928%. 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%.
