MGIC Investment Corporation (MTG): Today's Featured Insurance Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.4%. By the end of trading, MGIC Investment Corporation rose $0.68 (10.2%) to $7.35 on heavy volume. Throughout the day, 32,567,357 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 10,292,500 shares. The stock ranged in a price between $7.15-$7.65 after having opened the day at $7.46 as compared to the previous trading day's close of $6.67. Other companies within the Insurance industry that increased today were:
(
), up 11.9%,
(
), up 4.4%,
(
), up 4.1% and
(
), up 3.8%.
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 $2.3 billion and is part of the financial sector. Shares are up 150.8% 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 negative front,
(
), down 6.8%,
(
), down 4.3%,
(
), down 3.8% and
(
), down 3.1% , were all laggards within the insurance industry with
(
) being today's insurance industry laggard.
- Use our insurance section to find industry-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 insurance industry could consider
(
) while those bearish on the insurance industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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