MGIC Investment Corporation (MTG): Today's Featured Financial Laggard
(
) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.7%. By the end of trading, MGIC Investment Corporation fell $0.12 (-1.9%) to $6.19 on light volume. Throughout the day, 4,855,947 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 11,830,900 shares. The stock ranged in price between $6.08-$6.39 after having opened the day at $6.38 as compared to the previous trading day's close of $6.31. Other companies within the Financial sector that declined today were:
(
), down 13.0%,
(
), down 10.9%,
(
), down 7.5% and
(
), down 7.2%.
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 $2.1 billion and is part of the insurance industry. Shares are up 137.2% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates MGIC Investment Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
MGIC Investment Corporation
as a
. 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,
(
), up 17.9%,
(
), up 16.6%,
(
), up 14.1% and
(
), up 8.9% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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