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MGIC Investment Corporation (MTG)
19.635  0.255 (1.32%)    04-18 11:41
Open: 19.47
High: 19.69
Volume: 242,777
  
Pre. Close: 19.38
Low: 19.47
Market Cap: 5,295(M)
Technical analysis
2024-04-18 11:20:37 AM
Short term     
Mid term     
Targets 6-month :  24.78 1-year :  26.19
Resists First :  21.21 Second :  22.43
Pivot price 20.69
Supports First :  19.26 Second :  16.02
MAs MA(5) :  19.61 MA(20) :  20.98
MA(100) :  19.61 MA(250) :  17.69
MACD MACD :  -0.3 Signal :  -0.1
%K %D K(14,3) :  4.4 D(3) :  4.6
RSI RSI(14): 32.7
52-week High :  22.43 Low :  13.97
Price, MAs and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ MTG ] has closed above bottom band by 17.4%. Bollinger Bands are 149.7% 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 9 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 19.65 - 19.81 19.81 - 19.92
Low: 18.93 - 19.1 19.1 - 19.22
Close: 19.27 - 19.54 19.54 - 19.73
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

Wed, 17 Apr 2024
MGIC Investment's (NYSE:MTG) five-year total shareholder returns outpace the underlying earnings growth - Simply Wall St

Tue, 16 Apr 2024
5 Dividend-Paying Multiline Insurers Worth Watching - Zacks Investment Research

Mon, 15 Apr 2024
Be Sure To Check Out MGIC Investment Corporation (NYSE:MTG) Before It Goes Ex-Dividend - Yahoo Movies Canada

Sun, 14 Apr 2024
New Strong Buy Stocks for October 14th - Yahoo Movies Canada

Fri, 12 Apr 2024
NewEdge Wealth LLC Has $27.87 Million Stock Holdings in MGIC Investment Co. (NYSE:MTG) - MarketBeat

Tue, 09 Apr 2024
MGIC Investment Co. (NYSE:MTG) Given Consensus Recommendation of "Hold" by Analysts - MarketBeat

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.
Outperform
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Neutral
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.
Outperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Neutral
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Financial Services
Industry:
Insurance - Specialty
Shares Out 269 (M)
Shares Float 266 (M)
Held by Insiders 1.3 (%)
Held by Institutions 98.3 (%)
Shares Short 9,660 (K)
Shares Short P.Month 10,230 (K)
Stock Financials
EPS 2.49
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 18.61
Profit Margin 61.7 %
Operating Margin 84 %
Return on Assets (ttm) 9.2 %
Return on Equity (ttm) 14.6 %
Qtrly Rev. Growth -2.8 %
Gross Profit (p.s.) 0
Sales Per Share 4.31
EBITDA (p.s.) 3.62
Qtrly Earnings Growth 3.4 %
Operating Cash Flow 713 (M)
Levered Free Cash Flow 589 (M)
Stock Valuations
PE Ratio 7.78
PEG Ratio 2.6
Price to Book value 1.04
Price to Sales 4.49
Price to Cash Flow 7.3
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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