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

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

MGIC Investment Corporation ( MTG) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.6%. By the end of trading, MGIC Investment Corporation fell $0.06 (-1.1%) to $5.64 on light volume. Throughout the day, 13,282,556 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 21,082,400 shares. The stock ranged in price between $5.56-$5.81 after having opened the day at $5.73 as compared to the previous trading day's close of $5.70. Other companies within the Insurance industry that declined today were: Aegon ( AEG), down 3.2%, First Acceptance Corporation ( FAC), down 2.9%, Crawford & Company ( CRD.B), down 2.8% and American Independence Corporation ( AMIC), down 2.5%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $1.1 billion and is part of the financial sector. Shares are up 114.3% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates MGIC Investment Corporation a buy, no analysts rate it a sell, and 4 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 deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.

On the positive front, MBIA ( MBI), down 7.6%, Phoenix Companies ( PNX), down 7.0%, Life Partners Holdings ( LPHI), down 5.9% and National Interstate Corporation ( NATL), down 5.2% , were all gainers within the insurance industry with Travelers Companies ( TRV) being today's featured insurance industry leader.

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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.