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

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 lower today making it today's featured Insurance laggard. The industry as a whole closed the day up 0.2%. By the end of trading, MGIC Investment Corporation fell $0.21 (-2.8%) to $7.28 on average volume. Throughout the day, 14,095,347 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 9,922,800 shares. The stock ranged in price between $7.10-$7.52 after having opened the day at $7.52 as compared to the previous trading day's close of $7.49. Other companies within the Insurance industry that declined today were: Life Partners Holdings ( LPHI), down 7.8%, Kingsway Financial Services ( KFS), down 4.7%, Federated National ( FNHC), down 4.5% and Enstar Group ( ESGR), down 3.2%.

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 $2.6 billion and is part of the financial sector. Shares are up 181.6% year to date as of the close of trading on Monday. Currently there are 2 analysts that rate 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 disappointing return on equity and poor profit margins.

On the positive front, Atlas Financial Holdings ( AFH), up 9.0%, Imperial Holdings ( IFT), up 4.5%, Fortegra Financial ( FRF), up 4.4% and First Acceptance Corporation ( FAC), up 3.4% , were all gainers within the insurance industry with Loews Corporation ( L) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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