With 1.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.5 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $25.535 whereas the lowest price it dropped to was $25.105. The 52-week range on MTG shows that it touched its highest point at $26.52 and its lowest point at $17.31 during that stretch. It currently has a 1-year price target of $26.21. With its current market cap of 6.60 billion, MTG has annualized dividend of $0.49 while the current yield stands at 1.92%. Beta for the stock currently stands at 1.26.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MTG was up-trending over the past week, with a rise of 2.37%, but this was down by -0.20% over a month. Three-month performance surged to 2.37% while six-month performance rose 24.09%. The stock gained 45.22% in the past year, while it has gained 32.19% so far this year. A look at the trailing 12-month EPS for MTG yields 2.83 with Next year EPS estimates of 2.76. For the next quarter, that number is 0.67. This implies an EPS growth rate of 11.62% for this year and -2.15% for next year. EPS is expected to grow by 4.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.88%.
Float and Shares Shorts:
At present, 272.49 million MTG shares are outstanding with a float of 249.55 million shares on hand for trading. On 2024-10-31, short shares totaled 8.73 million, which was 345.0 higher than short shares on 1727654400. In addition to Mr. Timothy James Mattke CPA as the firm’s CEO & Director, Mr. Salvatore Antonino Miosi serves as its President & COO.
Institutional Ownership:
Through their ownership of 0.97674006 of MTG’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MTG since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MTG analysts setting a high price target of 30.0 and a low target of 23.5, the average target price over the next 12 months is 26.21429. Based on these targets, MTG could surge 17.65% to reach the target high and fall by -7.84% to reach the target low. Reaching the average price target will result in a growth of 2.8% from current levels.
Analysts have provided yearly estimates in a range of $2.87413 being high and $2.72339 being low. For MTG, this leads to a yearly average estimate of $2.82388. The surprise factor in the prior quarter was $0.63. Based on analyst estimates, the high estimate for the next quarter is $0.69 and the low estimate is $0.62. The average estimate for the next quarter is thus $0.66.
