How to Buy Mgic Investment Stock
Mgic Investment Corp
Mgic Investment is a specialty insurance company located in Wisconsin, United States, which is part of the Financial Services sector, and is traded under the ticker MTG on the NYSE exchange.
Mgic Investment stock last closed at $20.64, up 0.63% from the previous day, and has increased 41.76% in one year. It has overperformed other stocks in the Insurance - Specialty industry by 0.27 percentage points. Mgic Investment stock is currently +42.25% from its 52-week low of $14.51, and -7.98% from its 52-week high of $22.43.
At the moment, there are 266.59M shares of MTG outstanding. The market capitalization of MTG is $5.50B. In the last 24 hours, 2.02M MTG shares were traded.
How to Buy Mgic Investment Stock
Not sure how to invest in Mgic Investment stock? Here's how.
- Figure out where to buy Mgic Investment stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Mgic Investment stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Research Mgic Investment stock: The Mgic Investment ticker symbol is MTG. Is Mgic Investment stock a good investment? Should you buy shares of MTG? How do MTG's underlying business fundamentals look? Do top analysts think Mgic Investment is a good buy? Why has MTG's stock price moved recently? (Hint: Our stock market research website can help you evaluate if MTG is a good stock to buy).
- Execute your MTG trade: Decide if you will purchase MTG shares at the current market price or use a limit order to purchase MTG shares at a particular price.
- Keep an eye on your MTG investment: Create a watchlist to keep track of your investment in Mgic Investment stock.
Step 1: Figure out where to buy Mgic Investment stock
You need a brokerage account to access the NYSE market and buy MTG shares.
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Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal information so you are able to buy MTG today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to open your new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on a good stock buying app, you can securely and quickly fund your account:
Watch the video below to see the process of depositing money into your new brokerage account.
Step 4: Research Mgic Investment stock
Once you have decided on the best place to buy Mgic Investment stock, it's absolutely critical to research their stock before you buy, so you can comprehend the risk as well as the opportunity.
Mgic Investment Metrics
Mgic Investment Zen Score
WallStreetZen was built to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on MTG's stock page.
Is MTG stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MTG's true value.
Using relative valuations ratios:
- MTG could be undervalued based on its P/E ratio of 7.88x, relative to Insurance - Specialty industry P/E ratio of 27.52x
- MTG could be undervalued based on its P/B ratio of 1.08x, relative to Insurance - Specialty industry P/B ratio of 1.54x
- MTG could be undervalued based on its PEG ratio of 0.34x
You can access additional valuation analysis on MTG's stock here.
A look at MTG Cashflows and Balance Sheet
Signs that MTG is financially healthy:
- MTG earnings of $962.94M is not enough to cover its interest payments.
- MTG's operating cash flow of $691.21M allows it to safely service it's debt of $643.56M.
- MTG has a low debt to equity ratio of 0.28.
- Total MTG debt is lower than 5 years ago, relative to shareholder equity.
Signs that MTG is not financially healthy:
- MTG profit margin has gone down from 72.7% to 62.8% in the past year.
Do Wall Street analysts think it's a good time to buy MTG stock
Out of 5 Equities analysts who give ratings on MTG, the consensus analyst rating on MTG is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Mgic Investment stock forecast page.
MTG Technical Indicators
MTG Growth Metrics
Last year, MTG earnings were $732.50M. Over the last five year, MTG's earnings have gone up by 6.98% per year. This was slower than the Insurance - Specialty industry average of 7.52%.
Last year, MTG revenue was $1.17B. In the last 5 year, MTG's revenue has gone up by 0.27% per year. This was slower than the Insurance - Specialty industry average of 21.33%.
You can research MTG's earnings and revenue performance here.
Who is buying/selling MTG?
In the past 12 months, insiders at MTG have sold more shares than they have bought.
Robert J. Candelmo, SVP-CIO of Mort Gty Ins Corp of MTG, was the latest MTG insider to sell. They sold $60,356.00 worth of MTG stock on Mar 11, 2024.
Get more info about who owns MTG shares here.
Can I get consistent income from MTG stock?
Mgic Investment pays a dividend of 2.16%, compared to the Insurance - Specialty industry's average dividend yield of 11.15%. If you owned $1,000 worth of MTG stock, you would have received $21.56 in the past 12 months.
Mgic Investment dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Mgic Investment dividend yield and history here.
MTG Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your MTG trade
There are two main options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and your broker will place your order.
If you need more help buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your MTG investment
Now that you own some MTG shares, you'll want to keep up with your stock purchase.
Create a watchlist to keep tabs on your MTG stock.
MTG Feed
How to Buy Stock in Mgic Investment
To reiterate, here are the 6 steps you need to take to buy Mgic Investment stock right now:
- Figure out where to buy Mgic Investment stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Mgic Investment stock
- Execute your MTG trade
- Keep an eye on your MTG investment
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Mgic Investment, click below.
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