Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate MGIC Investment Corp before investing.

In this article, we go over a few key elements for understanding MGIC Investment Corp’s stock price such as:

• MGIC Investment Corp’s current stock price and volume
• Why MGIC Investment Corp’s stock price changed recently
• Upgrades and downgrades for MTG from analysts
• MTG’s stock price momentum as measured by its relative strength

About MGIC Investment Corp (MTG)

Before we jump into MGIC Investment Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

MGIC Investment Corporation is a holding company. The Company, through its wholly owned subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The Company's mortgage insurance product offers Primary Insurance and Pool and Other Insurance. Primary insurance provides mortgage default protection on individual loans and covers a percentage of the unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. Pool insurance is generally used as an additional credit enhancement for certain secondary market mortgage transactions. Pool insurance generally covers the amount of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage.

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MGIC Investment Corp’s Stock Price as of Market Close

As of April 04, 2024, 4:00 PM, CST, MGIC Investment Corp’s stock price was $20.55.

MGIC Investment Corp is down 5.21% from its previous closing price of $21.68.

During the last market session, MGIC Investment Corp’s stock traded between $21.66 and $22.02. Currently, there are 275.87 million shares of MGIC Investment Corp stock available for purchase.

MGIC Investment Corp’s price-earnings (P/E) ratio is currently at 8.7, which is low compared to the Insurance - Property & Casualty industry median of 14.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

MGIC Investment Corp Stock Price History

MGIC Investment Corp’s (MTG) price is currently down 8.09% so far this month.

During the month of April, MGIC Investment Corp’s stock price has reached a high of $22.31 and a low of $20.49.

Over the last year, MGIC Investment Corp has hit prices as high as $22.43 and as low as $13.11. Year to date, MGIC Investment Corp’s stock is up 58.08%.

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What Caused MGIC Investment Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 03, 2024, there was 1 analyst who downgraded MGIC Investment Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate MGIC Investment Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on MGIC Investment Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

MGIC Investment Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about MGIC Investment Corp (MTG) by visiting AAII Stock Evaluator.

Relative Price Strength of MGIC Investment Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 03, 2024, MGIC Investment Corp has a weighted four-quarter relative price strength of 5.45%, which translates to a Momentum Score of 81 and is considered to be Very Strong.

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MGIC Investment Corp Stock Price: Bottom Line

As of April 4, 2024, MGIC Investment Corp’s stock price is $20.55, which is down 5.21% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like MGIC Investment Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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