Taking a Fresh Look at MGIC Investment Corporation (MTG)

MGIC Investment Corporation (MTG) is an interesting player in the Financial space, with a focus on Property & Casualty Insurance. The stock has been active on the tape, currently trading at $10.81, up from yesterday’s close by 2.46%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

MGIC Investment Corporation (MTG) currently trades with a market capitalization of $4.02 Billion. That value represents a market adjusting for revenues that have been growing by 1.87 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $445.9 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.35 on a per share basis this quarter. Perhaps, that suggests something about why 1.82% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, MGIC Investment Corporation recorded a 52-week high of $16.21. It is now trading 5.4% off that level. The stock is trading $11.60 its 50-day moving average by 0.79%. The stock carved out a 52-week low down at $9.97.

In recent action, MGIC Investment Corporation (MTG) has made a move of +2.95% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.41% with $365.58 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MTG.

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