We're taking a closer look at MGIC Investment today, as the chatter surrounding the stock has increased notably in the last few weeks. Today, its shares moved 1.8% compared to 0.0% for the S&P 500. Increased investor interest and volatility surrounding the stock are not reason enough to buy in -- you should first perform your own due diligence. Here are some figures that can get you started:
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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, the District of Columbia, Puerto Rico, and Guam.
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MGIC Investment has moved 8.6% over the last year compared to 1.8% for the S&P 500 -- a difference of 7.0%
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MTG has an average analyst rating of buy and is -10.9% away from its mean target price of $17.29 per share
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Its trailing 12 month earnings per share (EPS) is $2.82
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MGIC Investment has a trailing 12 month Price to Earnings (P/E) ratio of 5.5 while the S&P 500 average is 15.97
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Its forward earnings per share (EPS) is $2.22 and its forward P/E ratio is 6.9
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MTG has a Price to Earnings Growth (PEG) ratio of 2.29, which shows the company is potentially overvalued when we factor growth into the price to earnings calculus.
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The company has a Price to Book (P/B) ratio of 0.93 in contrast to the S&P 500's average ratio of 2.95
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MGIC Investment is part of the Finance sector, which has an average P/E ratio of 14.34 and an average P/B of 1.57
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MGIC Investment has on average reported free cash flows of $667.96 Million over the last four years, during which time they have grown by an an average of 1.7%
