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

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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 0.4%. By the end of trading, MGIC Investment Corporation fell $0.13 (-1.4%) to $8.96 on average volume. Throughout the day, 4,514,388 shares of MGIC Investment Corporation exchanged hands as compared to its average daily volume of 5,996,800 shares. The stock ranged in price between $8.90-$9.14 after having opened the day at $9.09 as compared to the previous trading day's close of $9.09. Other companies within the Insurance industry that declined today were: United Insurance Holdings ( UIHC), down 7.6%, First Acceptance Corporation ( FAC), down 2.6%, Kingsway Financial Services ( KFS), down 2.5% and Kansas City Life Insurance ( KCLI), down 2.5%.

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 $3.1 billion and is part of the financial sector. Shares are up 7.7% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate MGIC Investment Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates MGIC Investment Corporation as a sell. Among the areas we feel are negative, one of the most important has been poor profit margins.

On the positive front, Donegal Group ( DGICB), up 12.5%, Fidelity and Guaranty Life ( FGL), up 4.1%, eHealth ( EHTH), up 3.6% and Universal Insurance Holdings ( UVE), up 3.4% , were all gainers within the insurance industry with ACE ( ACE) 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).

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