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

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 higher today making it today's featured insurance winner. The industry as a whole closed the day up 0.3%. By the end of trading, MGIC Investment Corporation rose $0.09 (1.5%) to $6.20 on average volume. Throughout the day, 18,856,901 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 21,942,400 shares. The stock ranged in a price between $6.02-$6.60 after having opened the day at $6.17 as compared to the previous trading day's close of $6.11. Other companies within the Insurance industry that increased today were: First Acceptance Corporation ( FAC), up 4.7%, United Fire Group ( UFCS), up 3.3%, White Mountains Insurance Group ( WTM), up 3.3% and Navigators Group ( NAVG), up 3.1%.
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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 $2.0 billion and is part of the financial sector. Shares are up 129.7% 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 negative front, American Independence Corporation ( AMIC), down 4.9%, Life Partners Holdings ( LPHI), down 4.7%, Crawford & Company ( CRD.B), down 2.8% and Maiden Holdings ( MHLD), down 2.0% , were all laggards within the insurance industry with Radian Group ( RDN) being today's insurance industry laggard.

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).

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