MGIC Investment Corporation (MTG): Today's Featured Insurance Winner

MGIC Investment Corporation ( MTG) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.3%. By the end of trading, MGIC Investment Corporation rose 7 cents (2.1%) to $3.33 on average volume. Throughout the day, 6.2 million shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 6.8 million shares. The stock ranged in a price between $3.03-$3.36 after having opened the day at $3.22 as compared to the previous trading day's close of $3.26. Other companies within the Insurance industry that increased today were: Affirmative Insurance Holdings ( AFFM), up 6.5%, 21st Century Holding Company ( TCHC), up 5.1%, Stewart Information Services ( STC), up 4.5%, and Catalyst Health Solutions ( CHSI), up 3.6%.

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 $699 million and is part of the financial sector. Shares are down 12.6% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate MGIC Investment Corporation a buy, one analyst rates it a sell, and two 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 disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself.

On the negative front, Triple-S Management Corporation ( GTS), down 13.5%, Radian Group ( RDN), down 9.3%, Kingsway Financial Services ( KFS), down 7.5%, and Unico American Corporation ( UNAM), down 6.2%, were all losers within the insurance industry with MetLife ( MET) being today's insurance industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).
null

If you liked this article you might like

Bullish and Bearish Reversals for This Week

Allergan, Apple, Facebook: Doug Kass' Views

MGIC Investment (MTG) Stock Climbing on Q3 Results

Mortgage Insurers Catch the Eye of EJF Capital

Mortgage Insurers Catch the Eye of EJF Capital

Bullish and Bearish Reversals for the Week