MGIC Investment Soars 1.35% to 2024 High on Bullish Outlook

Mgic Investment(MTG)涨0.73%。，The share price rose to its highest level since November 2024 today, with an intraday gain of 1.35%.

The strategy of buying MTG shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.77% annualized gain. This result suggests that the strategy captured some short-term volatility while missing out on longer-term gains.

MGIC Investment has been assigned a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock and potential for upward momentum. This positive rating suggests that analysts are optimistic about the company's future performance, which could attract more investors and drive the stock price higher.

On May 8, 2025, MGIC Investment Corp. will trade ex-dividend for its upcoming dividend of $0.13. This event could result in the stock price opening approximately 0.50% lower on that date, as investors who do not wish to receive the dividend may sell their shares before the ex-dividend date. However, the dividend itself is a positive sign for investors, as it indicates that the company is generating sufficient cash flow to distribute to shareholders.

MGIC Investment Corporation recently announced its first-quarter 2025 report and an additional $750 million share repurchase program. This share repurchase program is a bullish signal for investors, as it demonstrates the company's confidence in its future prospects and its commitment to returning value to shareholders. The share repurchase program could also help to support the stock price by reducing the number of shares outstanding, which can increase earnings per share and make the stock more attractive to investors.