MGIC Investment Stock Falls On Unusually High Volume (MTG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- MGIC Investment Corporation (NYSE: MTG) is trading at unusually high volume Tuesday with 34.9 million shares changing hands. It is currently at two times its average daily volume and trading down 20 cents (-3.7%) at $5.25 as of 2:51 p.m. ET.

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MGIC Investment has a market cap of $999.4 million and is part of the financial sector and insurance industry. Shares are up 104.9% year to date as of the close of trading on Monday.

MGIC Investment Corporation, through its subsidiaries, provides mortgage insurance to lenders and government sponsored entities in the United States.

TheStreet Ratings rates MGIC Investment as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full MGIC Investment Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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