Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MGIC Investment Corp shares valued at $112,930 were sold by Sperber Julie K. on Feb 21 ’25. At $24.55 per share, Sperber Julie K. sold 4,600 shares. The insider’s holdings dropped to 75,070 shares worth approximately $1.87 million following the completion of this transaction.
Also, CULVER CURT S purchased 150,000 shares, netting a total of over 3,676,500 in proceeds.
As published in a research note from Compass Point on February 05, 2025, MGIC Investment Corp [MTG] has been rated down from a Buy to a Neutral and the price target has been revised to $27 from $24. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early December. As of December 09, 2024, BofA Securities has decreased its “Buy” rating to a “an Underperform” for MTG. Earlier on June 03, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “an Outperform” for MTG stock which previously was a “a Mkt perform”.
Analyzing MTG Stock Performance
During the last five days, there has been a surge of approximately 3.15%. Over the course of the year, MGIC Investment Corp shares have jumped approximately 5.06%. Shares of the company reached a 52-week high of $26.07 on 02/04/25 and a 52-week low of $21.94 on 04/09/25. A 50-day SMA is recorded $23.94, while a 200-day SMA reached $24.52.
Support And Resistance Levels for MGIC Investment Corp (MTG)
According to the 24-hour chart, there is a support level at 24.46, which, if violated, would cause prices to drop to 24.01. In the upper region, resistance lies at 25.20. The next price resistance is at 25.48. RSI (Relative Strength Index) is 57.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 5.31%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
