NEW YORK (TheStreet) -- MGIC Investment (MTG - Get Report) shares are up 1.05% to $8.67 on heavy volume trading Tuesday after the holding company reported its fourth quarter earnings results before the opening bell today.

The company reported net income of $74.4 million, or an EPS of 19 cents per share on an adjusted basis that is 5 cents better than the 14 cents per share analysts were expecting the company to earn during the period.

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The company generated $239.8 million in revenue, ahead of analysts $236.1 million estimates.

For the year, the Milwaukee, WI-based company reported net income of $251.9 million, or 64 cents per diluted share, while revenue fell 9.5% from 2013 to $940.4 million.

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

"We rate MGIC INVESTMENT CORP/WI (MTG) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."

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

MTG Chart MTG data by YCharts

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