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

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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 0.1%. By the end of trading, MGIC Investment Corporation rose $0.16 (2.2%) to $7.36 on average volume. Throughout the day, 5,950,456 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 7,861,100 shares. The stock ranged in a price between $7.17-$7.36 after having opened the day at $7.23 as compared to the previous trading day's close of $7.20. Other companies within the Insurance industry that increased today were: First Acceptance Corporation ( FAC), up 5.2%, Federated National ( FNHC), up 3.5%, 21st Century Holding Company ( TCHC), up 3.5% and CorVel Corporation ( CRVL), up 3.4%.

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 $2.4 billion and is part of the financial sector. Shares are up 171.4% year to date as of the close of trading on Wednesday. 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 negative front, Phoenix Companies ( PNX), down 3.7%, eHealth ( EHTH), down 3.7%, State Auto Financial Corporation ( STFC), down 3.1% and National Interstate Corporation ( NATL), down 3.0% , were all laggards within the insurance industry with Assured Guaranty ( AGO) 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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