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.
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