MGIC Investment Corporation (MTG): Institutional Holdings and Trading Data

In the past 52-week period, shares of MGIC Investment Corporation (NYSE:MTG) have moved within the range of $9.00 to $14.83. On the stock’s most recent trading day, the company’s shares ended the regular session at $14.92, which is -0.61% lower than its 52-week high.

MGIC Investment Corporation (MTG) has demonstrated a 20-day simple moving average (SMA) of 6.28%, and a 50-day SMA of 11.95%. This public company’s current market capitalization stands at $5.52 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Measuring Wall Street analysts’ average enthusiasm for a specific stock is critical when considering a potential investment. According to the latest data, the consensus recommendation for MGIC Investment Corporation (MTG) is Outperform.

Publicly-traded companies normally report earnings and revenue figures that are either above or below the average Wall Street projection. In the most recent quarterly financial report, for the quarter ending Sep. 2017, MGIC Investment Corporation (MTG) delivered a 0.88% surprise with its net revenue. Sales reached $0.27 billion during the three-month period, compared to the average analyst estimate of $0.27 billion.

Meanwhile, during the same quarter MGIC Investment Corporation (MTG) delivered a 24.37% earnings surprise. Net earnings for the quarter were posted at $0.32 per share, whereas Wall Street had forecast $0.26 per share.

Ownership at MGIC Investment Corporation (MTG), According to Most Recent SEC Filings

We can gain important insight by taking a look at institutional ownership, as detailed in public companies’ latest 13F filings. MGIC Investment Corporation (MTG) has 0 billion shares outstanding currently, 93.63% of which belong to institutional investors. Those institutional holdings amount to $5.14 billion.

Additionally, according to the most recent 13F filing from MGIC Investment Corporation (MTG), there were 34 new positions totaling 10,725,060 shares of the company’s stock. There were 30 sold out positions, on the other hand, totaling 5,059,853 shares.

Short, Medium and Long Term Indicators

Analyzing the average trade volume of a publicly-traded company’s stock – in the short, medium and long terms – is helpful for gaining insight into trading activity and general investor sentiment. MGIC Investment Corporation (MTG) has had a 20-day average volume of 2,512,275 shares, with an average of 80% of short term indicators pointed at Buy.

The stock’s 50-day average volume has been 2,663,738 shares, with an average of 100% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 2,580,044 shares with 100% of long-term indicators pointing to Buy.