Why MGIC Investment (MTG) Stock Is Up Today

NEW YORK (TheStreet) -- MGIC Investment (MTG) was gaining 6% to $8.83 Tuesday after beating analysts' estimates for earnings in the first quarter.

For the first quarter the insurance provider posted earnings of 15 cents a share beating the Capital IQ Consensus Estimate of 11 cents a share by 4 cents. Revenue fell 12.7% from the year-ago quarter to $235.1 million, missing analysts' estimates of $242.35 million.

MGIC's primary insurance in force was $157.9 billion as of March 31, 2014, compared to $158.7 billion at Dec. 31, 2013, and $159.5 billion as of March 31, 2014. New insurance written in the first quarter was $5.2 billion, compared to $6.5 billion in the year-ago quarter.

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TheStreet Ratings team rates MGIC INVESTMENT CORP/WI as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate MGIC INVESTMENT CORP/WI (MTG) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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