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 $23.40, down 2.62% from the previous day, and has increased 17.18% in one year. It has overperformed other stocks in the Insurance - Specialty industry by 0.02 percentage points. Mgic Investment stock is currently +17.53% from its 52-week low of $19.91, and -11.9% from its 52-week high of $26.56.
At the moment, there are 242.71M shares of MTG outstanding. The market capitalization of MTG is $5.68B. In the last 24 hours, 1.71M 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.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
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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 Due Diligence 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 8.01x, relative to Insurance - Specialty industry P/E ratio of 24.38x
- MTG could be undervalued based on its P/B ratio of 1.1x, relative to Insurance - Specialty industry P/B ratio of 1.66x
- MTG could be overvalued based on its PEG ratio of 2.24x
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 $1.00B is not enough to cover its interest payments.
- MTG's operating cash flow of $725.03M allows it to safely service it's debt of $644.67M.
- MTG has a low debt to equity ratio of 0.27.
- MTG profit margin has gone up from 61.7% to 63.2% in the past year.
- Total MTG debt is lower than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy MTG stock
Out of 6 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.
Latest MTG Analyst Forecasts
Scott Heleniak, a top 6% analyst from RBC Capital maintains MTG with a hold rating and lowers their MTG price target from $28.00 to $27.00, on Nov 6, 2024.
You can dig deeper into what analysts are saying on the Mgic Investment stock forecast page.
MTG Technicals
MTG Revenue
Last year, MTG earnings were $762.99M. During the last 5 year, MTG's earnings have gone up by 8.86% per year. This was faster than the Insurance - Specialty industry average of 8.81%.
Last year, MTG revenue was $1.21B. In the past five year, MTG's revenue has gone up by -0.1% per year. This was slower than the Insurance - Specialty industry average of 9.42%.
Find out more about MTG's earnings and revenue performance here.
What are MTG insiders up to?
In the past 12 months, insiders at MTG have sold more shares than they have bought.
Nathaniel H. Colson, Officer EVP CFO CRO of MTG, was the latest MTG insider to sell. They sold $1,627,837.44 worth of MTG stock on Feb 28, 2025.
Learn more about who owns MTG stock 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 2.79%. If you owned $1,000 worth of MTG stock, you would have received $21.58 in the past year.
Mgic Investment dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Mgic Investment dividend yield and history here.
MTG Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your MTG trade
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open button and your broker will execute your order.
If you need more assistance buying stocks on eToro, watch the helpful video below:
Step 6: Keep an eye on your MTG investment
Now that you own some MTG stock, you'll want to stay up-to-date on your new investment.
Start a watchlist to keep tabs on your MTG stock.
MTG Feed
How to Buy Stock in Mgic Investment
To summarize, here are the 6 steps to buy stock in Mgic Investment:
- 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 are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Mgic Investment, add MTG to your watchlist by clicking the button below.
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