MGIC Investment stock has undergone multiple analysts rating changes in the recent past. MGIC Investment Upgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Strong-Buy. The analysts previously had rating of Hold.
Shares of MGIC Investment traded up $0.02 on Monday, reaching $15.84. 3937649 shares of the stock traded hands, compared to its average volume of 2163046. Shares of MGIC Investment were trading at $15.84 on Monday. The firm’s 50 day moving average is $15.00 and its 200 day moving average is $13.90.MGIC Investment has a 12 month low of $15.83 and a 12 month high of $16.15. While on yearly highs and lows, MGIC Investment’s today has traded high as $16.15 and has touched $15.83 on the downward trend. See More Analyst Rating at: RATING
MGIC Investment Earnings and What to expect:
MGIC Investment last released its earnings results on August 4th, 2021. The insurance provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $297.80 million for the quarter, compared to analysts’ expectations of $291.76 million. Its quarterly revenue was up 1.4% compared to the same quarter last year. MGIC Investment has generated $1.32 earnings per share over the last year ($1.69 diluted earnings per share) and currently has a price-to-earnings ratio of 9.4. Earnings for MGIC Investment are expected to grow by 13.14% in the coming year, from $1.75 to $1.98 per share. MGIC Investment has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, November 3rd, 2021 based off prior year’s report dates.
Earnings for MGIC Investment are expected to grow by 13.14% in the coming year, from $1.75 to $1.98 per share. The P/E ratio of MGIC Investment is 9.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of MGIC Investment is 9.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.48. MGIC Investment has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued. MGIC Investment has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
MGIC Investment (MTG) Moving Average Technical Analysis
5 day Moving Average is $15.70 And 5 day price change is $0.37 (2.39%) with average volume for 5 day average is 2,930,200. While technical analysis for average 20 days shows significant difference, 20 day moving average is $15.21 and 20 day price change is $0.60 (3.94%) and average 20 day moving volume is 2,429,370. 50 day moving average is $15.00 and 50 day price change is $2.00 ( 14.45%) and with average volume for 50 days is : 2,437,276. 200 day moving average is $13.90 and 200 day price change is $3.31 (26.42%) and with average volume for 200 days is : 2,910,986.
Other owners latest trading in MGIC Investment :
- On 9/24/2021 shares held by Thrivent Financial for Lutherans were 1,175,555 which equates to market value of $15.99M and appx 0.00% owners of MGIC Investment
- On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 1,129,862 which equates to market value of $15.37M and appx 0.00% owners of MGIC Investment
- On 8/26/2021 shares held by NFC Investments LLC were 2,577,982 which equates to market value of $35.06M and appx 9.00% owners of MGIC Investment
- In total Institutional ownership equates to Institutional Ownership Percentage: 94.48% for MGIC Investment
See More Analyst Rating at: RATING