MGIC Investment Corp's fundamentals are relatively very weak, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 74 out of 118 in the Insurance industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 28.17.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of MGIC Investment Corp is 5.05, ranking 99 out of 118 in the Insurance industry. Its financial status is weak, and its operating efficiency is high. Its latest quarterly revenue reached 298.65M, representing a year-over-year decrease of 0.93%, while its net profit experienced a year-over-year decrease of 8.33%.
Key Metrics
The current valuation score of MGIC Investment Corp is 6.97, ranking 72 out of 118 in the Insurance industry. Its current P/E ratio is 8.24, which is 15.54% below the recent high of 9.52 and 46.89% above the recent low of 4.38.
The current earnings forecast score of MGIC Investment Corp is 6.00, ranking 90 out of 118 in the Insurance industry. The average price target is 27.50, with a high of 30.00 and a low of 26.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of MGIC Investment Corp is 6.94, ranking 67 out of 118 in the Insurance industry. Currently, the stock price is trading between the resistance level at 27.11 and the support level at 25.26, making it suitable for range-bound swing trading.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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The current institutional shareholding score of MGIC Investment Corp is 10.00, ranking 1 out of 118 in the Insurance industry. The latest institutional shareholding proportion is 103.28%, representing a quarter-over-quarter decrease of 1.09%. The largest institutional shareholder is The Vanguard, holding a total of 29.66M shares, representing 13.80% of shares outstanding, with 0.68% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Insurance domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. No risk assessment score is currently available for MGIC Investment Corp. The Insurance industry's average is 7.08. The company's beta value is 0.79. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
