Somewhat more surprising, however, was that shares of Genworth Financial and MGIC Investment Corp also fell -- by 1.32% and 4.08%, respectively -- despite the fact that the story compared those two bond insurers favorably with Radian. Two separate analyst reports released ahead of Monday's open also made the case for Genworth.
In its story, Barron's noted that in the first three quarters of 2012, MGIC "rejected less than 7% of its incoming claims (by number) despite having capital problems of its own. On the same basis, Radian rejected more than 40%." The article also made a strong case that Genworth "is more conservative in its reserving, despite having a materially better mortgage-insurance portfolio."
BTIG analyst Mark Palmer cited the Barron's report liberally in his own research ahead of Monday's open to make the case for Genworth, which he rates a "buy.""We continue to believe
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