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MGIC Investment Corp. Message Board

  • wyn.moore wyn.moore Apr 30, 2013 5:24 PM Flag

    The Streest...rated MTG as SELL...


    TheStreet Wire
    MGIC Investment Corporation (MTG): Today's Featured Insurance Laggard
    By TheStreet Wire 04/30/13 - 05:01 PM EDT

    MGIC Investment Corporation (MTG) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.5%. By the end of trading, MGIC Investment Corporation fell $0.08 (-1.5%) to $5.40 on average volume. Throughout the day, 24,580,141 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 19,481,300 shares. The stock ranged in price between $4.92-$5.57 after having opened the day at $4.99 as compared to the previous trading day's close of $5.48. Other companies within the Insurance industry that declined today were: MBIA (MBI), down 4.0%, PartnerRe (PRE), down 1.8%, Investors Title Company (ITIC), down 1.8% and National Interstate Corporation (NATL), down 1.6%.

    MGIC Investment Corporation, through its subsidiaries, provides mortgage insurance to lenders and government sponsored entities in the United States. MGIC Investment Corporation has a market cap of $1.1 billion and is part of the financial sector. Shares are up 100.8% year to date as of the close of trading on Monday.

    TheStreet Ratings rates MGIC Investment Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.

    You can view the full MGIC Investment Corporation Ratings Report.
    On the positive front, First Acceptance Corporation (FAC), down 5.1%, Markel Corporation (MKL), down 4.3%, Mercury General Corporation (MCY), down 3.5% and Hartford Financial Services Group (HIG), down 3.2% , were all gainers within the insurance industry with Marsh & McLennan Companies (MMC) being today's featured insurance industry leader.

    Sentiment: Sell

    This topic is deleted.
8.98+0.10(+1.13%)Jan 26 4:06 PMEST

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