) pushed the Insurance industry lower today making it today's featured Insurance loser. The industry as a whole closed the day up 0.6%. By the end of trading, MGIC Investment Corporation fell 8 cents (-3.1%) to $2.51 on light volume. Throughout the day, 3.2 million shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 5.5 million shares. The stock ranged in price between $2.40-$2.65 after having opened the day at $2.61 as compared to the previous trading day's close of $2.59. Other company's within the Insurance industry that declined today were:
), down 5.9%,
First Acceptance Corporation
), down 5.4%,
), down 3%, and
), down 2.9%.
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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 $565.7 million and is part of the
sector. Shares are down 24.9% year to date as of the close of trading on Monday. Currently there are two analysts that rate MGIC Investment Corporation a buy, one analyst rates it a sell, and three 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 disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself.
- You can view the full MGIC Investment Ratings Report.
On the positive front,
), up 5.7%,
), up 3.9%,
), up 3.8%, and
), up 3.5%, were all gainers within the insurance industry with
) being today's featured insurance industry winner.
- 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.