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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.4%. By the end of trading, MGIC Investment Corporation rose $0.68 (10.2%) to $7.35 on heavy volume. Throughout the day, 32,567,357 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 10,292,500 shares. The stock ranged in a price between $7.15-$7.65 after having opened the day at $7.46 as compared to the previous trading day's close of $6.67. Other companies within the Insurance industry that increased today were: Donegal Group ( DGICB), up 11.9%, Kansas City Life Insurance ( KCLI), up 4.4%, Radian Group ( RDN), up 4.1% and HCI Group ( HCI), up 3.8%.

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 $2.3 billion and is part of the financial sector. Shares are up 150.8% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates MGIC Investment Corporation a buy, no analysts rate it a sell, and 3 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, First Acceptance Corporation ( FAC), down 6.8%, WR Berkley ( WRB), down 4.3%, Axis Capital Holdings ( AXS), down 3.8% and PartnerRe ( PRE), down 3.1% , were all laggards within the insurance industry with Travelers Companies ( TRV) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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