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MGIC Investment Corporation is an insurance-specialty business based in the US. MGIC Investment Corporation shares (MTG) are listed on the NYSE and all prices are listed in US Dollars. MGIC Investment Corporation employs 739 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$5.87 - $14.63|
|50-day moving average||$13.47|
|200-day moving average||$12.27|
|Wall St. target price||$16.05|
|Dividend yield||$0.24 (1.66%)|
|Earnings per share (TTM)||$1.29|
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Valuing MGIC Investment Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MGIC Investment Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
MGIC Investment Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, MGIC Investment Corporation shares trade at around 11x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
MGIC Investment Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.54. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into MGIC Investment Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
MGIC Investment Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $703.4 million.
The EBITDA is a measure of a MGIC Investment Corporation's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$1.2 billion|
|Operating margin TTM||53.84%|
|Gross profit TTM||$659.4 million|
|Return on assets TTM||5.94%|
|Return on equity TTM||9.9%|
|Market capitalisation||$4.9 billion|
TTM: trailing 12 months
There are currently 28.5 million MGIC Investment Corporation shares held short by investors – that's known as MGIC Investment Corporation's "short interest". This figure is 1.4% down from 28.9 million last month.
There are a few different ways that this level of interest in shorting MGIC Investment Corporation shares can be evaluated.
MGIC Investment Corporation's "short interest ratio" (SIR) is the quantity of MGIC Investment Corporation shares currently shorted divided by the average quantity of MGIC Investment Corporation shares traded daily (recently around 3.5 million). MGIC Investment Corporation's SIR currently stands at 8.19. In other words for every 100,000 MGIC Investment Corporation shares traded daily on the market, roughly 8190 shares are currently held short.
However MGIC Investment Corporation's short interest can also be evaluated against the total number of MGIC Investment Corporation shares, or, against the total number of tradable MGIC Investment Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case MGIC Investment Corporation's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 MGIC Investment Corporation shares in existence, roughly 80 shares are currently held short) or 0.0942% of the tradable shares (for every 100,000 tradable MGIC Investment Corporation shares, roughly 94 shares are currently held short).
A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against MGIC Investment Corporation.
Find out more about how you can short MGIC Investment Corporation stock.
Dividend payout ratio: 18.32% of net profits
Recently MGIC Investment Corporation has paid out, on average, around 18.32% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.66% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), MGIC Investment Corporation shareholders could enjoy a 1.66% return on their shares, in the form of dividend payments. In MGIC Investment Corporation's case, that would currently equate to about $0.24 per share.
While MGIC Investment Corporation's payout ratio might seem low, this can signify that MGIC Investment Corporation is investing more in its future growth.
MGIC Investment Corporation's most recent dividend payout was on 2 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 15 February 2021 (the "ex-dividend date").
MGIC Investment Corporation's shares were split on a 2:1 basis on 2 June 1997. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your MGIC Investment Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for MGIC Investment Corporation shares which in turn could have impacted MGIC Investment Corporation's share price.
Over the last 12 months, MGIC Investment Corporation's shares have ranged in value from as little as $5.8654 up to $14.6251. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while MGIC Investment Corporation's is 1.7805. This would suggest that MGIC Investment Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation 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. .
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