MGIC Investment Corp’s filing revealed that its Director CULVER CURT S acquired Company’s shares for reported $8.11 million on May 13 ’25. In the deal valued at $26.60 per share,304,963 shares were bought.
Then, Sperber Julie K. sold 4,600 shares, generating $112,930 in total proceeds. Upon selling the shares at $24.55, the VP-Chief Accounting Officer now owns 75,070 shares.
Before that, CULVER CURT S bought 150,000 shares. MGIC Investment Corp shares valued at $3,676,500 were divested by the Director at a price of $24.51 per share.
Compass Point downgraded its MGIC Investment Corp [MTG] rating to a Neutral from a a Buy in a research note published on February 05, 2025; the price target was increased to $27 from $24. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering MTG and has decreased its forecast on December 09, 2024 with a “an Underperform” recommendation from previously “Buy” rating. Keefe Bruyette revised its rating on June 03, 2024. It rated MTG as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of MTG
On Tuesday, MGIC Investment Corp [NYSE:MTG] saw its stock fall -0.34% to $26.61. Over the last five days, the stock has gained 0.08%. MGIC Investment Corp shares have risen nearly 12.23% since the year began. Nevertheless, the stocks have risen 26.11% over the past one year. While a 52-week high of $26.92 was reached on 05/16/25, a 52-week low of $20.11 was recorded on 04/09/25. SMA at 50 days reached $24.57, while 200 days put it at $24.68.
Levels Of Support And Resistance For MTG Stock
The 24-hour chart illustrates a support level at 26.49, which if violated will result in even more drops to 26.37. On the upside, there is a resistance level at 26.82. A further resistance level may holdings at 27.04. The Relative Strength Index (RSI) on the 14-day chart is 63.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.30%. Stochastics %K at 92.51% indicates the stock is a selling.
