The Technical Analyst
MGIC Investment Corp [MTG]
Exchange: NYSE Sector: Financial Services Industry: Insurance—Specialty
MGIC Investment Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals
1.51% $21.20
America/New_York / 9 mai 2024 @ 15:53
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 5 650.31 mill |
| EPS: | 2.60 |
| P/E: | 8.15 |
| Earnings Date: | Jul 31, 2024 |
| SharesOutstanding: | 266.59 mill |
| Avg Daily Volume: | 2.14 mill |
| RATING 2024-05-09 |
|---|
| A- |
| Buy |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Neutral | |
| Return On Equity: | Buy | |
| Return On Asset: | Strong Buy | |
| DE: | Sell | |
| P/E: | Neutral | |
| Price To Book: | Buy |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | 1/24 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | ||||||
| Debt |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.82x |
| Company: PE 8.15 | sector: PE 9.91 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| 0.98x |
| Company: PE 8.15 | industry: PE 8.34 |
| DISCOUNTED CASH FLOW VALUE |
|---|
|
$25.27 (19.20%) $4.07 |
| Date: 2024-05-09 |
| Expected Trading Range (DAY) |
|---|
|
$ 20.75 - 21.58 ( +/- 1.97%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2024-03-05 | Lowman Teresita M. | Buy | 9 | Common Stock |
| 2024-03-11 | Maggio Paula C | Sell | 69 112 | Common Stock |
| 2024-03-11 | Colson Nathaniel H | Sell | 73 324 | Common Stock |
| 2024-03-11 | Thompson Steven M. | Sell | 73 324 | Common Stock |
| 2024-03-11 | Sperber Julie K. | Sell | 3 667 | Common Stock |
| INSIDER POWER |
|---|
| 26.34 |
| Last 99 transactions |
| Buy: 1 469 705 | Sell: 854 553 |
Forecast:
16:00 - $21.20
Live Trading Signals (every 1 min)
Forecast
1: 16:00 - $21.20
Forecast 2: 16:00 - $21.20
Forecast 3: 16:00 - $21.20
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | $21.20 (1.51% ) |
| Volume | 0.892 mill |
| Avg. Vol. | 2.14 mill |
| % of Avg. Vol | 41.61 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For MTG
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % |
|---|
MTG
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.
Latest Press Releases
2024-05-01 16:05:00 - Press Release
Mgic Investment Corporation Reports First Quarter 2024 Results
First quarter 2024 net income of $174.1 million or $0.64 per diluted share first quarter 2024 adjusted net operating income (non-gaap) of $178.4 million or $0.65 per diluted share milwaukee , may 1, 2024 /prnewswire/ -- mgic investment corporation (nyse: mtg) today reported operating and financial results for the first quarter of 2024. tim mattke, ceo of mtg and mortgage guaranty insurance corporation ("mgic") said, "we began the year with a solid quarter generating net income of $174 million, delivering a return on equity of 13.7%, and increasing book value per share by 14.5% year-over-year while returning meaningful capital to our shareholders.
2024-04-25 14:01:00 - Press Release
Mgic Investment Announces Additional $750 Million Share Repurchase Program And Quarterly Dividend Of $0.115 Per Share
Milwaukee , april 25, 2024 /prnewswire/ -- mgic investment corporation (nyse: mtg) announced its board of directors has approved an additional share repurchase program with authorization to purchase up to $750 million of its common stock. the company is authorized to repurchase shares of its common stock from time to time through privately negotiated, open market or other transactions (including through the use of trading plans intended to qualify under rule 10b5-1 under the securities exchange act of 1934, as amended) at any time prior to december 31, 2026.
2024-04-02 17:30:00 - Press Release
Mgic Investment Corporation Schedules 1st Quarter 2024 Earnings Call
Milwaukee , april 2, 2024 /prnewswire/ -- mgic investment corporation (nyse: mtg) has announced plans to release its first quarter 2024 financial results after the market closes on wednesday, may 1, 2024. a conference call/webcast has been scheduled for 10:00 a.m.
2024-01-31 16:05:00 - Press Release
Mgic Investment Corporation Reports Fourth Quarter 2023 Results
Fourth quarter 2023 net income of $184.5 million or $0.66 per diluted share fourth quarter 2023 adjusted net operating income (non-gaap) of $187.6 million or $0.67 per diluted share full year 2023 net income of $712.9 million or $2.49 per diluted share full year 2023 adjusted net operating income (non-gaap) of $724.4 million or $2.53 per diluted share milwaukee , jan. 31, 2024 /prnewswire/ -- mgic investment corporation (nyse: mtg) today reported operating and financial results for the fourth quarter of 2023 and the full year of 2023. tim mattke, ceo of mtg and mortgage guaranty insurance corporation ("mgic") said, "the fourth quarter capped another successful year.
2024-01-23 11:54:00 - Press Release
Mgic Investment Corporation Announces Quarterly Dividend Of $0.115 Per Share
Milwaukee , jan. 23, 2024 /prnewswire/ -- mgic investment corporation (nyse: mtg) announced that its board of directors declared a quarterly cash dividend of $0.115 per share, payable on march 5, 2024, to shareholders of record as of february 15, 2024. about mgic mortgage guaranty insurance corporation ("mgic") ( www.mgic.com ), the principal subsidiary of mgic investment corporation, serves lenders throughout the united states, puerto rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality through the use of private mortgage insurance.
Latest News
2024-05-02 14:06:16 - Zacks Investment Research
MGIC Investment (MTG) Q1 Earnings Top, Revenues Miss Estimates
MGIC Investment (MTG) first-quarter results reflect favorable credit trends and the resiliency of the housing market.
2024-05-01 22:01:09 - Zacks Investment Research
MGIC (MTG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for MGIC (MTG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
2024-05-01 18:51:09 - Zacks Investment Research
MGIC Investment (MTG) Q1 Earnings Top Estimates
MGIC Investment (MTG) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.54 per share a year ago.
2024-04-16 13:31:08 - Zacks Investment Research
5 Dividend-Paying Multiline Insurers Worth Watching
Multiline insurers like MetLife (MET), Prudential Financial (PRU), MGIC Investment (MTG), CNO Financial (CNO) and Old Republic (ORI), which have a solid dividend history, offer a breather amid volatility.
2024-04-02 07:31:03 - Zacks Investment Research
MGIC Investment (MTG) Up 62.6% in a Year: More Room to Run?
MGIC Investment (MTG) gains on the back of solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment.
2024-03-12 10:26:05 - Zacks Investment Research
MGIC (MTG) Stock Jumps 5.7%: Will It Continue to Soar?
MGIC (MTG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
2024-03-01 12:36:44 - Zacks Investment Research
Why Is MGIC (MTG) Down 0.4% Since Last Earnings Report?
2024-03-01 08:46:03 - Zacks Investment Research
Here's Why You Should Add MGIC Investment (MTG) to Your Kitty
MGIC Investment (MTG) stands to gain from solid insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment.
2024-02-15 13:42:40 - InvestorPlace
Inside Vanguard's Picks: 3 Must-Buy Stocks From AI-Enhanced Funds
A Bloomberg article from early February about Vanguard stock picks caught my attention recently. The article stated that Vanguard has quietly been using machine learning for several of its actively managed mutual funds.
2024-02-04 11:21:58 - Seeking Alpha
Buy MGIC - Slow, Steady And Still Cheap
MGIC reported solid Q4 earnings, with cash operating EPS of $0.63 and a 12.5% increase in quarterly dividend. Claim payments on private mortgage insurance remain extremely low, at $13 million in Q4. MGIC's stock remains cheap with a P/E ratio of 7.5 and a cash return of 13.4%, making it an attractive investment option.