MGIC Investment Corp (NYSE:MTG) currently has a daily average trading volume of 2.38M but it saw 1289273 shares traded in last market. With a market cap of 6.19B USD, the company’s current market price of $26.06 came falling about -1.55 while comparing to the previous closing price of $26.47. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.92 and as low as $20.35.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Compass Point which downgraded the stock as “Neutral” in its note to investors issued on February 05, 2025, recommending a price target of between $24 and $27 for it. Keefe Bruyette downgraded its recommendation for the stock as a “Mkt Perform” from “Outperform” on December 10, 2024 while assigning a price target range of $29-$29. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock is $25.
Over the week, MTG’s stock price is moving -1.40% down while it is 0.08% when we observe its performance for the past one month. Year-to-date it is 9.91% up and over the past year, the stock is showing an upside performance of 24.10%.
Currently, MGIC Investment Corp’s total number of outstanding shares is 240.19M with 1.81% of that held by the insiders while 99.36% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.39% and return on equity (ROE) at 15.12%. It has a price to earnings ratio (P/E ratio) of 8.66 while having a 8.58 of forward P/E ratio. Stock’s beta reads 0.89. Stock has a price to book (P/B) ratio of 1.22 while price to sale or P/S ratio amounts to 5.07. Its return on asset (ROA) is 11.93% on average.
