With 1.79 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.85 million shares. The 52-week range on MTG shows that it touched its highest point at $20.26 and its lowest point at $12.15 during that stretch. It currently has a 1-year price target of $22.12. With its current market cap of 5.33 billion, MTG has annualized dividend of $0.45 while the current yield stands at 2.25%. Beta for the stock currently stands at 1.22.
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 2.76%, but this was down by -1.05% over a month. Three-month performance surged to 12.34% while six-month performance rose 12.40%. The stock gained 43.71% in the past year, while it has gained 2.44% so far this year. A look at the trailing 12-month EPS for MTG yields 2.49 with Next year EPS estimates of 2.57. For the next quarter, that number is 0.60. This implies an EPS growth rate of -2.64% for this year and 4.21% for next year. EPS is expected to grow by 3.09% 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 265.65 million shares on hand for trading. On Feb 15, 2024, short shares totaled 9.19 million, which was 3.40% higher than short shares on Jan 12, 2024. In addition to Mr. Timothy James Mattke as the firm’s CEO & Director, Mr. Salvatore Antonino Miosi serves as its President & COO.
Institutional Ownership:
Through their ownership of 98.07% of MTG’s outstanding shares, institutional investors have majority 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 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded MTG stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 4,067 while 135,397 shares were sold.
