MGIC Investment Corporation (MTG): Today's Featured Financial Laggard

MGIC Investment Corporation was a leading decliner within the financial sector, falling $0.12 (-1.9%) to $6.19 on light volume
By TheStreet Wire ,

MGIC Investment Corporation

(

MTG

) 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:

Broadway Financial

(

BYFC

), down 13.0%,

Carver Bancorp

(

CARV

), down 10.9%,

China HGS Real Estate

(

HGSH

), down 7.5% and

Roberts Realty Investors

(

RPI

), 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

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.

On the positive front,

American Spectrum Realty

(

AQQ

), up 17.9%,

Altis Resident

(

RESI

), up 16.6%,

LCNB Corporation

(

LCNB

), up 14.1% and

Severn Bancorp

(

SVBI

), up 8.9% , were all gainers within the financial sector with

Prologis

(

PLD

) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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