MGIC Investment Corporation (MTG): Price and Financial Metrics
MTG Price/Volume Stats
Current price | $20.60 | 52-week high | $21.21 |
Prev. close | $20.99 | 52-week low | $12.16 |
Day low | $20.59 | Volume | 2,484,100 |
Day high | $21.06 | Avg. volume | 2,077,298 |
50-day MA | $19.69 | Dividend yield | 2.19% |
200-day MA | $17.77 | Market Cap | 5.56B |
MTG Stock Price Chart Interactive Chart >
MTG POWR Grades
- MTG scores best on the Momentum dimension, with a Momentum rank ahead of 90.65% of US stocks.
- MTG's strongest trending metric is Stability; it's been moving up over the last 26 weeks.
- MTG ranks lowest in Growth; there it ranks in the 19th percentile.
MTG Stock Summary
- MGIC INVESTMENT CORP's stock had its IPO on August 7, 1991, making it an older stock than 83.84% of US equities in our set.
- With a price/earnings ratio of 7.37, MGIC INVESTMENT CORP P/E ratio is greater than that of about only 10.72% of stocks in our set with positive earnings.
- Of note is the ratio of MGIC INVESTMENT CORP's sales and general administrative expense to its total operating expenses; 87.34% of US stocks have a lower such ratio.
- Stocks that are quantitatively similar to MTG, based on their financial statements, market capitalization, and price volatility, are ESNT, CMC, ASIX, NMIH, and WIRE.
- MTG's SEC filings can be seen here. And to visit MGIC INVESTMENT CORP's official web site, go to mtg.mgic.com.
MTG Valuation Summary
- In comparison to the median Financial Services stock, MTG's price/sales ratio is 283.33% higher, now standing at 4.6.
- Over the past 243 months, MTG's price/sales ratio has gone up 1.4.
Below are key valuation metrics over time for MTG.
Stock | Date | P/S | P/B | P/E | EV/EBIT |
---|---|---|---|---|---|
MTG | 2023-12-22 | 4.6 | 1.1 | 7.5 | 6.1 |
MTG | 2023-12-21 | 4.6 | 1.1 | 7.5 | 6.0 |
MTG | 2023-12-20 | 4.6 | 1.1 | 7.4 | 6.0 |
MTG | 2023-12-19 | 4.6 | 1.1 | 7.4 | 6.0 |
MTG | 2023-12-18 | 4.5 | 1.1 | 7.3 | 5.9 |
MTG | 2023-12-15 | 4.5 | 1.1 | 7.3 | 5.9 |
MTG Growth Metrics
- Its 4 year cash and equivalents growth rate is now at -13.47%.
- Its 4 year revenue growth rate is now at 15.44%.
- Its 3 year net cashflow from operations growth rate is now at 26.22%.
The table below shows MTG's growth in key financial areas (numbers in millions of US dollars).
Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
---|---|---|---|
2022-12-31 | 1,172.785 | 650.012 | 865.349 |
2022-09-30 | 1,174.651 | 667.7 | 847.84 |
2022-06-30 | 1,177.598 | 708.574 | 756.192 |
2022-03-31 | 1,182.334 | 726.295 | 659.975 |
2021-12-31 | 1,185.675 | 696.317 | 634.983 |
2021-09-30 | 1,193.836 | 735.866 | 612.479 |
MTG's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- MTG has a Quality Grade of C, ranking ahead of 47.13% of graded US stocks.
- MTG's asset turnover comes in at 0.16 -- ranking 98th of 133 Insurance stocks.
- FNF, ESNT, and ITIC are the stocks whose asset turnover ratios are most correlated with MTG.
The table below shows MTG's key quality metrics over time.
Period | Asset Turnover | Gross Margin | ROIC |
---|---|---|---|
2021-09-30 | 0.160 | 0.887 | 0.100 |
2021-06-30 | 0.162 | 0.870 | 0.097 |
2021-03-31 | 0.167 | 0.711 | 0.079 |
2020-12-31 | 0.176 | 0.696 | 0.083 |
2020-09-30 | 0.185 | 0.716 | 0.091 |
2020-06-30 | 0.196 | 0.727 | 0.103 |
MTG Price Target
For more insight on analysts targets of MTG, see our MTG price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
Average Price Target | $17.39 | Average Broker Recommendation | 1.4 (Strong Buy) |
MGIC Investment Corporation (MTG) Company Bio
MGIC Investment Corporation provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company was founded in 1957 and is based in Milwaukee, Wisconsin.
Latest MTG News From Around the Web
Below are the latest news stories about MGIC INVESTMENT CORP that investors may wish to consider to help them evaluate MTG as an investment opportunity.
15 Best Mortgage Insurance Companies Heading into 2024In this article, we will look into the 15 best mortgage insurance companies heading into 2024. If you want to skip our detailed analysis, you can go directly to the 5 Best Mortgage Insurance Companies Heading into 2024. Mortgage Insurance Market Shift According to an article by National Mortgage News, published on August 7, 2023, […] |
4 Insurers With 25% Gains in 2023 Still Have Room to RunBanking on strong fundamentals and benefiting from a favorable macro backdrop, AIZ, MTG, NMIH and RDN have not only outperformed the industry but have also crushed the market and the Finance sector. These companies are well-poised to sustain the bull run next year. |
MGIC Investment (MTG) Up 33.2% in a Year: Will the Rally Last?MGIC Investment (MTG) stock rallies on the back of higher insurance in force, a decline in loss and claims payments, better housing market fundamentals and prudent capital deployment. |
Are Investors Undervaluing MGIC Investment (MTG) Right Now?Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. |
Why Is MetLife (MET) Up 6% Since Last Earnings Report?MetLife (MET) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. |
MTG Price Returns
1-mo | 6.63% |
3-mo | 7.88% |
6-mo | 23.07% |
1-year | 67.62% |
3-year | 70.67% |
5-year | 70.99% |
YTD | 7.44% |
2023 | 52.41% |
2022 | -7.50% |
2021 | 17.19% |
2020 | -9.20% |
2019 | 36.71% |
MTG Dividends
Ex-Dividend Date | Type | Payout Amount | Change | ||||||
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Continue Researching MTG
Here are a few links from around the web to help you further your research on Mgic Investment Corp's stock as an investment opportunity:Mgic Investment Corp (MTG) Stock Price | Nasdaq
Mgic Investment Corp (MTG) Stock Quote, History and News - Yahoo Finance
Mgic Investment Corp (MTG) Stock Price and Basic Information | MarketWatch
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