Mgic Investment Stock Today

MTG
 Stock
  

USD 13.07  0.05  0.38%   

Market Performance
1 of 100
Odds Of Distress
Less than 36
Mgic Investment is trading at 13.07 as of the 29th of September 2022, a -0.38 percent down since the beginning of the trading day. The stock's lowest day price was 12.77. Mgic Investment has about a 36 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Mgic Investment Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of April 2022 and ending today, the 29th of September 2022. Click here to learn more.
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 has 325.58 M outstanding shares of which 21.05 M shares are now shorted by investors with about 7.36 days to cover. More on Mgic Investment Corp

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Mgic Investment Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Mgic Investment's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Mgic Investment or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Over 97.0% of the company shares are owned by institutional investors
On 25th of August 2022 Mgic Investment paid $ 0.1 per share dividend to its current shareholders
Latest headline from www.investorsobserver.com: Where Does MGIC Investment Corp. Stock Fall in the Insurance - Specialty Field - InvestorsObserver
CEOTimothy Mattke
Average Analyst Recommendation
Analysts covering Mgic Investment report their recommendations after researching Mgic Investment's financial statements, talking to executives and customers, or listening in on Mgic Investment's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Mgic Investment Corp. The Mgic Investment consensus assessment is calculated by taking the average forecast from all of the analysts covering Mgic Investment.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Mgic Investment's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Mgic Investment Corp (MTG) is traded on New York Stock Exchange in USA and employs 711 people. The company currently falls under 'Mid-Cap' category with total capitalization of 4.26 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Mgic Investment's market, we take the total number of its shares issued and multiply it by Mgic Investment's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Mgic Investment Corp runs under Financial Services sector within Insurance—Specialty industry. The entity has 325.58 M outstanding shares of which 21.05 M shares are now shorted by investors with about 7.36 days to cover. Mgic Investment Corp has about 477.11 M in cash with 726.29 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.54.
Check Mgic Investment Probability Of Bankruptcy
Ownership
Mgic Investment Corp maintains a total of three hundred twenty-five million five hundred eighty thousand outstanding shares. The majority of Mgic Investment outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Mgic Investment Corp to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Mgic Investment Corp. Please pay attention to any change in the institutional holdings of Mgic Investment as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Ownership Allocation (%)

Check Mgic Investment Ownership Details

Mgic Investment Stock Price Odds Analysis

What are Mgic Investment's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Mgic Investment jumping above the current price in 90 days from now is about 86.43%. The Mgic Investment Corp probability density function shows the probability of Mgic Investment stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Mgic Investment has a beta of 0.8346. This indicates as returns on the market go up, Mgic Investment average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Mgic Investment Corp will be expected to be much smaller as well. Additionally, the company has an alpha of 0.0895, implying that it can generate a 0.0895 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 13.07HorizonTargetOdds Above 13.07
13.45%90 days
 13.07 
86.43%
Based on a normal probability distribution, the odds of Mgic Investment to move above the current price in 90 days from now is about 86.43 (This Mgic Investment Corp probability density function shows the probability of Mgic Investment Stock to fall within a particular range of prices over 90 days) .

Mgic Investment Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Mgic Investment that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Mgic Investment's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Mgic Investment's value.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares35.8 M451.6 M
Blackrock IncCommon Shares27.2 M342.1 M
View Mgic Investment Diagnostics

Mgic Investment Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Mgic Investment market risk premium is the additional return an investor will receive from holding Mgic Investment long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Mgic Investment. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Mgic Investment's alpha and beta are two of the key measurements used to evaluate Mgic Investment's performance over the market, the standard measures of volatility play an important role as well.

Mgic Investment Stock Against Markets

Picking the right benchmark for Mgic Investment stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Mgic Investment stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Mgic Investment is critical whether you are bullish or bearish towards Mgic Investment Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mgic Investment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Mgic Investment Corporate Directors

Mgic Investment corporate directors refer to members of a Mgic Investment board of directors. The board of directors generally takes responsibility for the Mgic Investment's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Mgic Investment's board members must vote for the resolution. The Mgic Investment board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Donald Nicolaisen - Independent DirectorProfile
Sheryl Sculley - Independent DirectorProfile
Chuck Chaplin - Independent DirectorProfile
Timothy Holt - Independent DirectorProfile

Invested in Mgic Investment Corp?

The danger of trading Mgic Investment Corp is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Mgic Investment is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Mgic Investment. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mgic Investment Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Mgic Investment Corp price analysis, check to measure Mgic Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mgic Investment is operating at the current time. Most of Mgic Investment's value examination focuses on studying past and present price action to predict the probability of Mgic Investment's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mgic Investment's price. Additionally, you may evaluate how the addition of Mgic Investment to your portfolios can decrease your overall portfolio volatility.
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Is Mgic Investment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mgic Investment. If investors know Mgic Investment will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mgic Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Mgic Investment Corp is measured differently than its book value, which is the value of Mgic Investment that is recorded on the company's balance sheet. Investors also form their own opinion of Mgic Investment's value that differs from its market value or its book value, called intrinsic value, which is Mgic Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mgic Investment's market value can be influenced by many factors that don't directly affect Mgic Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mgic Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine Mgic Investment value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mgic Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.