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MGIC Investment Corporation (MTG)
24.88  0.45 (1.84%)    07-26 16:00
Open: 24.59
High: 24.895
Volume: 1,834,506
  
Pre. Close: 24.43
Low: 24.485
Market Cap: 6,633(M)
Technical analysis
2024-07-26 4:45:54 PM
Short term     
Mid term     
Targets 6-month :  29.07 1-year :  33.96
Resists First :  24.89 Second :  29.07
Pivot price 23.03
Supports First :  22.46 Second :  20.95
MAs MA(5) :  23.98 MA(20) :  22.68
MA(100) :  21.18 MA(250) :  19.33
MACD MACD :  0.7 Signal :  0.6
%K %D K(14,3) :  92.5 D(3) :  89.8
RSI RSI(14): 78.6
52-week High :  24.89 Low :  16.29
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ MTG ] has closed below upper band by 4.4%. Bollinger Bands are 106% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 8 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 24.93 - 25.02 25.02 - 25.09
Low: 24.23 - 24.35 24.35 - 24.45
Close: 24.7 - 24.88 24.88 - 25.03
Company Description

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

Headline News

Fri, 26 Jul 2024
MGIC Investment Co. (NYSE:MTG) Increases Dividend to $0.13 Per Share - MarketBeat

Fri, 26 Jul 2024
Covestor Ltd Reduces Holdings in MGIC Investment Co. (NYSE:MTG) - Defense World

Thu, 25 Jul 2024
MGIC Investment Co. (NYSE:MTG) Shares Sold by Vanguard Group Inc. - MarketBeat

Thu, 25 Jul 2024
MGIC Investment (NYSE:MTG) Hits New 1-Year High at $23.93 - MarketBeat

Thu, 25 Jul 2024
MGIC Investment Corporation Announces an Increase to Quarterly Dividend - StockTitan

Thu, 25 Jul 2024
Vanguard Group Inc. Cuts Stock Position in MGIC Investment Co. (NYSE:MTG) - Defense World

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Underperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Underperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Outperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Neutral
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Insurance - Specialty
Shares Out 267 (M)
Shares Float 262 (M)
Held by Insiders 1.3 (%)
Held by Institutions 97.8 (%)
Shares Short 10,230 (K)
Shares Short P.Month 9,650 (K)
Stock Financials
EPS 2.59
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 18.96
Profit Margin 62.8 %
Operating Margin 77.7 %
Return on Assets (ttm) 9.3 %
Return on Equity (ttm) 14.8 %
Qtrly Rev. Growth 3.7 %
Gross Profit (p.s.) 0
Sales Per Share 4.38
EBITDA (p.s.) 3.73
Qtrly Earnings Growth 21.7 %
Operating Cash Flow 691 (M)
Levered Free Cash Flow 592 (M)
Stock Valuations
PE Ratio 9.56
PEG Ratio 7.6
Price to Book value 1.31
Price to Sales 5.66
Price to Cash Flow 9.59
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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