MGIC Investment Corporations in-depth data and chart pattern analysis indicates that the stock price has rallied 15.34% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 31.85% . Looking at the past 52 week period, the stock price is up at 54.11% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of MGIC Investment Corporation has a positive value of 32.86 compared to overall market.
MGIC Investment Corporation stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 1.17%.The 200 Day SMA reached 28.17%MGIC Investment Corporation is having a Relative Strength Index of 47.2 which indicates the stock is not yet over sold or over bought based on the technical indicators.MGIC Investment Corporation (NYSE:MTG) has tumbled 0.37% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.99% in the last four weeks. The stocks have underperformed the S&P 500 by 1.05% during the past week but MGIC Investment Corporation (NYSE:MTG) it has outperformed the index in 4 weeks by 0.8%.
MGIC Investment Corporation (NYSE:MTG) : On Friday heightened volatility was witnessed in MGIC Investment Corporation (NYSE:MTG) which led to swings in the share price. The stock opened for trading at $10.48 and hit $10.68 on the upside , eventually ending the session at $10.68, with a gain of 0.75% or 0.08 points. The heightened volatility saw the trading volume jump to 4,093,882 shares. The 52-week high of the share price is $11.35 and the company has a market cap of $3,642 million. The 52-week low of the share price is at $5.36 .
Currently the company Insiders own 0.98% of MGIC Investment Corporation shares according to the proxy statements. Institutional Investors own 90.63% of MGIC Investment Corporation shares. Company has reported several Insider transactions to the SEC, on Feb 11, 2016, Cassandra C Carr (director) purchased 5,000 shares at 6.35 per share price.On Jan 28, 2016, C Edward Chaplin (director) purchased 5,000 shares at 6.40 per share price.On Jan 28, 2016, James J. Hughes (SVP-Sales & Bus. Development) purchased 10,000 shares at 6.38 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by FBR & Co. on Feb 13, 2017 to Outperform, Raises Price Target to $ 13 from a previous price target of $12 .
MGIC Investment Corp. Last issued its quarterly earnings results on Jan 19, 2017. The company reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.22. The company had revenue of $266.50 million for the quarter, compared to analysts expectations of $264.69 million. The companys revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.
MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunities by enabling people to purchase homes with less than 20% down payments. If the home owner defaults, private mortgage insurance reduces and, in some instances, eliminates the loss to the insured institution.