MGIC Investment Corp (NYSE:MTG) price closed lower on Tuesday, April 16, dropping -0.41% below its previous close.
A look at the daily price movement shows that the last close reads $19.58. The company’s P/E ratio in the trailing 12-month period read 7.84. Taking into account the 52-week price action we note that the stock hit a 52-week high of $22.43 and 52-week low of $13.97. The stock subtracted -7.10% on its value in the past month.
MGIC Investment Corp, which has a market valuation of $5.26 billion. The company stock has a Forward Dividend ratio of 0.45, while the dividend yield is 2.28%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MTG a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.54. The overview shows that MTG’s price is at present -7.67% off the SMA20 and -3.80% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.89, with weekly volatility standing at 2.10%. The indicator jumps to 2.05% when calculated based on the past 30 days. MGIC Investment Corp (NYSE:MTG)’s beta value is holding at 1.25, while the average true range (ATR) indicator is currently reading 0.43.
An analysis of the MGIC Investment Corp (NYSE:MTG) stock in terms of its daily trading volume indicates that the 3-month average is 2.14 million.
Current records show that the company has 272.49M in outstanding shares. The insiders’ percentage holdings are 1.40% of outstanding shares while the percentage share held by institutions stands at 96.60%. But the 1.09% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
