Mgic Investment share price today

(MTG)

Mgic Investment share price is $23.68 & ₹2,015.05 as on 24 Dec 2024, 2.30 'hrs' IST

$23.68

▲

0.02

(0.08%)

Market is closed - opens 8 PM, 24 Dec 2024

View live Mgic Investment share price in Dollar and Rupees. Guide to invest in Mgic Investment from India. Also see the sentimental analysis on Indian investors investing in Mgic Investment. Get details on the Indian mutual funds that are investing in Mgic Investment. Get Analyst recommendations and forecasts along with all the Mgic Investment's financials.

Mgic Investment share price movements

Today's Low: $23.38
Today's High: $23.68
$23.68
1.27%
Downside
Day's Volatility :1.27%
Upside
0.0%
52 Weeks Low: $18.68
52 Weeks High: $26.56
$23.68
21.11%
Downside
52 Weeks Volatility :29.67%
Upside
10.84%

Mgic Investment Returns

Period	Mgic Investment Corp.	Sector (Financials)	Index (Russel 2000)
3 Months	-6.45%	6.8%	0.0%
6 Months	10.72%	17.4%	0.0%
1 Year	21.65%	29.9%	0.0%
3 Years	64.19%	25.0%	-21.1%

Mgic Investment Key Statistics

in dollars & INR

Previous Close	$23.66
Open	$23.52
Today's High	$23.68
Today's Low	$23.38
Market Capitalization	$5.9B
Today's Volume	$4.3M
52 Week High	$26.56
52 Week Low	$18.68
Revenue TTM	$1.2B
EBITDA	$1.0B
Earnings Per Share (EPS)	$2.83
PE Ratio	8.24
Dividend Yield	2.23%
Profit Margin	64.09%
Quarterly Earnings Growth YOY	0.2%
Return On Equity TTM	15.03%

How to invest in Mgic Investment from India?

It is very easy for Indian residents to invest directly in Mgic Investment from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Mgic Investment stock in both Indian Rupees (INR) and US Dollars (USD). Search for Mgic Investment or MTG on the INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Mgic Investment or rupee/ dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Mgic Investment shares which would translate to 0.036 fractional shares of Mgic Investment as of today. Learn more about fractional investing.

Indians can now also easily transfer and add money to their US stocks account via the INDmoney app. Invest in US Stocks from India, including recognised companies like Mgic Investment, in just a few clicks!

Returns in Mgic Investment for Indian investors in Rupees

Investment Value

₹1,00,000

Mgic Investment investment value today

Current value as on today

₹1,24,087

Returns

₹24,087

(+24.09%)

Returns from Mgic Investment Stock

₹21,748 (+21.75%)

Dollar Returns

₹2,339 (+2.34%)

Indian investors sentiment towards Mgic Investment

-38%

Period: Sep 24, 2024 to Dec 23, 2024. Change in 30 Days versus previous period

Search volume for Mgic Investment on INDmoney from India has reduced in the last 30 days as on Dec 24, 2024. -38% less investors are searching Mgic Investment in the last 30 days versus the previous period.

Global Institutional Holdings in Mgic Investment

Vanguard Group Inc
13.80%
BlackRock Inc
9.67%
JPMorgan Chase & Co
6.45%
Dimensional Fund Advisors, Inc.
5.94%
First Trust Advisors L.P.
5.16%
LSV Asset Management
4.08%

Analyst Recommendation on Mgic Investment

Buy

61%Buy

38%Hold

0%Sell

Based on 13 Wall street analysts offering stock ratings for Mgic Investment(by analysts ranked 0 to 5 stars)

Based on 13 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Mgic Investment

What analysts predicted

Upside of 10.1%

Current:

$23.68

Target:

$26.07

Insights on Mgic Investment

Price Movement
In the last 3 years, MTG stock has moved up by 67.9%
Increasing Revenue
Revenue is up for the last 4 quarters, 283.95M → 306.64M (in $), with an average increase of 2.5% per quarter
Decreasing Net Profit
Netprofit is down for the last 2 quarters, 204.22M → 199.96M (in $), with an average decrease of 2.1% per quarter
MTG vs AXS (1 yr)
In the last 1 year, Axis Capital Holdings Limited has given 64.8% return, outperforming this stock by 43.2%
MTG vs AXS (3 yr)
In the last 3 years, Axis Capital Holdings Limited has given 72.9% return, outperforming this stock by 5.0%
Price to Sales
ForMTG every $1 of sales, investors are willing to pay $5.3, whereas for Axis Capital Holdings Limited, the investors are paying $1.3 for every $1 of sales.

Mgic Investment Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$1.1B	↑ 5.42%
Net Income	$670.1M	↑ 88.36%
Net Profit Margin	59.63%	↑ 26.26%

	FY19	Y/Y Change
Revenue	$1.2B	↑ 8.02%
Net Income	$673.8M	↑ 0.55%
Net Profit Margin	55.5%	↓ 4.13%

	FY20	Y/Y Change
Revenue	$1.2B	↓ 1.22%
Net Income	$446.1M	↓ 33.79%
Net Profit Margin	37.2%	↓ 18.3%

	FY21	Y/Y Change
Revenue	$1.2B	↓ 1.12%
Net Income	$635.0M	↑ 42.34%
Net Profit Margin	53.55%	↑ 16.35%

	FY22	Y/Y Change
Revenue	$1.2B	↓ 1.09%
Net Income	$865.3M	↑ 36.28%
Net Profit Margin	73.79%	↑ 20.24%

	FY23	Y/Y Change
Revenue	$1.2B	↓ 1.51%
Net Income	$712.9M	↓ 17.61%
Net Profit Margin	61.72%	↓ 12.07%

	Q2 FY23	Q/Q Change
Revenue	$290.7M	↑ 2.36%
Net Income	$191.1M	↑ 23.62%
Net Profit Margin	65.73%	↑ 11.31%

	Q3 FY23	Q/Q Change
Revenue	$296.5M	↑ 2.01%
Net Income	$182.8M	↓ 4.3%
Net Profit Margin	61.67%	↓ 4.06%

	Q4 FY23	Q/Q Change
Revenue	$284.0M	↓ 4.23%
Net Income	$184.5M	↑ 0.91%
Net Profit Margin	64.98%	↑ 3.31%

	Q1 FY24	Q/Q Change
Revenue	$294.4M	↑ 3.66%
Net Income	$174.1M	↓ 5.64%
Net Profit Margin	59.14%	↓ 5.84%

	Q2 FY24	Q/Q Change
Revenue	$305.3M	↑ 3.71%
Net Income	$204.2M	↑ 17.31%
Net Profit Margin	66.9%	↑ 7.76%

	Q3 FY24	Q/Q Change
Revenue	$306.6M	↑ 0.45%
Net Income	$200.0M	↓ 2.09%
Net Profit Margin	65.21%	↓ 1.69%

	FY18	Y/Y Change
Profit	$945.6M	↑ 4.33%

	FY19	Y/Y Change
Profit	$1.0B	↑ 9.05%

	FY20	Y/Y Change
Profit	$1.0B	↓ 0.82%

	FY21	Y/Y Change
Profit	$987.2M	↓ 3.47%

	FY22	Y/Y Change
Profit	$936.1M	↓ 5.18%

	FY23	Y/Y Change
Profit	$1.2B	↑ 23.4%

	Q2 FY23	Q/Q Change
Profit	$236.7M	↑ 10.65%

	Q3 FY23	Q/Q Change
Profit	$246.4M	↑ 4.1%

	Q4 FY23	Q/Q Change
Profit	$232.1M	↓ 5.78%

	Q1 FY24	Q/Q Change
Profit	$235.3M	↑ 1.38%

	Q2 FY24	Q/Q Change
Profit	$252.6M	↑ 7.33%

	Q3 FY24	Q/Q Change
Profit	$255.7M	↑ 1.22%

	FY18	Y/Y Change
Operating Cash Flow	$544.5M	↑ 33.9%
Investing Cash Flow	$-317.8M	↑ 4.66%
Financing Cash Flow	$-171.6M	↑ 8.18%

	FY19	Y/Y Change
Operating Cash Flow	$609.5M	↑ 11.94%
Investing Cash Flow	$-422.1M	↑ 32.83%
Financing Cash Flow	$-173.4M	↑ 1.08%

	FY20	Y/Y Change
Operating Cash Flow	$732.3M	↑ 20.14%
Investing Cash Flow	$-772.5M	↑ 83.01%
Financing Cash Flow	$167.8M	↓ 196.78%

	FY21	Y/Y Change
Operating Cash Flow	$696.3M	↓ 4.91%
Investing Cash Flow	$-160.7M	↓ 79.19%
Financing Cash Flow	$-527.3M	↓ 414.2%

	FY22	Y/Y Change
Operating Cash Flow	$650.0M	↓ 6.65%
Investing Cash Flow	$410.5M	↓ 355.36%
Financing Cash Flow	$-1.0B	↑ 95.82%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$144.7M	↓ 31.86%
Investing Cash Flow	$-91.8M	↑ 40.91%
Financing Cash Flow	$-102.7M	↓ 9.5%

	Q3 FY23	Q/Q Change
Operating Cash Flow	$169.8M	↑ 17.35%
Investing Cash Flow	$-240.8M	↑ 162.13%
Financing Cash Flow	$-127.6M	↑ 24.33%

Mgic Investment Technicals Summary

Sell

Neutral

Buy

Mgic Investment is currently in a neutral trading position according to technical analysis indicators.

Mgic Investment Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Mgic Investment Corp.	-10.14%	10.72%	21.65%	64.19%	67.33%
Ryan Specialty Holdings Inc	-14.18%	8.49%	51.0%	59.23%	132.76%
Axis Capital Holdings Limited	-1.32%	25.9%	65.01%	70.29%	51.16%
First American Financial Corporation	-9.77%	17.25%	-2.74%	-19.37%	8.78%
Fidelity National Financial, Inc.	-12.09%	15.22%	10.82%	8.78%	25.11%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Mgic Investment Corp.	8.24	8.24	1.54	2.86	0.15	0.1	0.02	20.66
Ryan Specialty Holdings Inc	82.01	82.01	NA	1.8	0.24	0.04	0.01	5.06
Axis Capital Holdings Limited	12.13	12.13	-10.28	10.78	0.12	0.02	0.02	66.15
First American Financial Corporation	69.94	69.94	2.04	4.1	0.02	0.01	0.04	49.44
Fidelity National Financial, Inc.	20.07	20.07	10.83	4.53	0.1	0.01	0.04	29.5

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Mgic Investment Corp.	Buy	$5.9B	67.33%	8.24	64.09%
Ryan Specialty Holdings Inc	Buy	$16.5B	132.76%	82.01	4.46%
Axis Capital Holdings Limited	Buy	$7.3B	51.16%	12.13	10.82%
First American Financial Corporation	Buy	$6.3B	8.78%	69.94	1.58%
Fidelity National Financial, Inc.	Buy	$15.1B	25.11%	20.07	5.55%

Mgic Investment Dividend announcements

Mgic Investment Dividends December, 2024
In the quarter ending December,2024. Mgic Investment has declared dividend of $0.13
Read More

About Mgic Investment

at mgic, we are committed to helping our customers succeed. affordable homeownership remains a cornerstone of a strong and vibrant community. as the pioneer of the modern private mortgage insurance industry, mortgage guaranty insurance corporation (mgic), the primary subsidiary of mgic investment corp., has supported lenders and their communities for nearly 60 years by providing a prudent means of offering affordable, low-downpayment home financing options. #wearemgic mgic is the principal subsidiary of mgic investment corporation (mtg.mgic.com), headquartered in milwaukee, wisconsin and serves lenders throughout the united states, puerto rico and other locations. join our social community (mgic.com/social): twitter: https://twitter.com/mgic mgic connects blog: https://mgic-connects.com youtube: https://www.youtube.com/user/mgicvideos google+: https://plus.google.com/+mgic-private-mortgage-insurance facebook: https://www.facebook.com/mgicmi/ instagram: http://instagram.com/mgic find a

Organization	Mgic Investment
Employees	627
CEO	Mr. Timothy James Mattke CPA
Industry	Finance

Management People of Mgic Investment

Name	Title
Mr. Timothy James Mattke CPA	CEO & Director
Mr. Salvatore Antonino Miosi	President & COO
Mr. Nathaniel Howe Colson CPA	Executive VP, CFO & Chief Risk Officer
Ms. Paula Christine Maggio	Executive VP, General Counsel & Secretary
Ms. Julie Kay Sperber	VP, Controller & Chief Accounting Officer
Ms. Dianna L. Higgins	Senior Vice President of Investor Relations
Mr. Danny Garcia-Velez	Senior Vice President of Sales & Business Development
Ms. Annette M. Adams	Senior VP & Chief Human Resources Officer of MGIC
Mr. Robert J. Candelmo	Senior VP & Chief Information Officer of MGIC
Mr. Michael Edward Jacobson	Senior Vice President of Business Intelligence & Product Strategy

Important FAQs about investing in Mgic Investment from India :

What is Mgic Investment share price today?

Mgic Investment share price today stands at $23.68, Open: $23.52 ; Previous Close: $23.66 ; High: $23.68 ; Low: $23.38 ; 52 Week High: $26.56 ; 52 Week Low: $18.68. The stock opens at $23.52, after a previous close of $23.66. The stock reached a daily high of $23.68 and a low of $23.38, with a 52-week high of $26.56 and a 52-week low of $18.68.

Can Indians buy Mgic Investment shares?

Yes, Indians can invest in the Mgic Investment (MTG) from India.

With INDmoney, you can buy Mgic Investment at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Mgic Investment at zero transaction cost.

How can I buy Mgic Investment shares from India?

It is very easy to buy Mgic Investment from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Mgic Investment be purchased?

Yes, you can buy fractional shares of Mgic Investment with INDmoney app.

What are the documents required to start investing in Mgic Investment stocks?

To start investing in Mgic Investment, You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.