HomeMarketYummy or too sour? MGIC Investment Corporation (MTG) Stock

Yummy or too sour? MGIC Investment Corporation (MTG) Stock

BofA Securities raised the price target for the MGIC Investment Corporation (NYSE:MTG) stock from “a Buy” to “a Neutral”. The rating was released on November 17, 2021. The research report from Keefe Bruyette has downgraded the stock from Outperform to Mkt Perform, with a price target set at $12. In their research brief published October 22, 2018, Compass Point analysts reiterated the MGIC Investment Corporation stock to Buy with a price target of $16.50.

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The latest trade, Performances and Moving Averages give us the following Picture

The share price of MGIC Investment Corporation (NYSE:MTG) raised 0.12% to close Wednesday’s market session at $16.52, higher as compared to yesterday’s close. The stock price fluctuated between $16.25 and $16.64 throughout the trading session with the volume trading being 3004829 shares, which represented a significant variation when compared to the three months average volume of 3.05 million shares. The firm’s stock price fluctuated 12.53% within the last five trades and 16.67% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 21.03% in the last 6 months and 2.86% was added to its value over the previous 3 months. MTG stock is trading at a margin of 13.64%, 11.63% and 12.51% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, MTG deals in the Financial domain. The stock is trading -0.87 percent below its 52-week high and 42.91 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 26.95. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does MGIC Investment Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 70.80 percent and the profit margin is 51.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $5.20 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for MGIC Investment Corporation (NYSE:MTG) is 9.37. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 8.58. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.36 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.14, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of MGIC Investment Corporation shares are owned by insiders, and 99.70 percent are held by financial institutions. Arrigoni Daniel A., the Director at MGIC Investment Corporation (MTG) has bought 5,000 shares of firm on Dec 02 at a price of $14.19 against the total amount of $70950.0. In another inside trade, Hughes James J., EVP-Sales&Bus. Dev-Mtg Gty Ins of MGIC Investment Corporation (NYSE:MTG) sold 80,051 shares of the firm on May 07 for a total worth of $1.15 million at a price of $14.39.

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Peggy Goldman
Peggy Goldman, CFA, is an independent monetary author and speculator. I have worked for both sell-side and purchase side firms (values and fixed salary), with the biggest level of my working time spent in drug tech. Now I am presently viably in a “working retirement”.


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