Large Outflow of Money Witnessed in MGIC Investment Corporation

MGIC Investment Corporation (NYSE:MTG) managed to stay afloat and traded higher with an addition of 0.16 point or 1.51% at $10.43. The money flow data is a negative $(-8.27) million with $7.22 million in upticks and $15.49 million in downticks. The intraday up/down ratio came in at 0.47. The shares has seen 3.22% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.81 million and the combined worth of the downticks was $9.08, Million, leading to the up/down ratio of 0.09. The block trade saw a net money flow of $(-8.28) million.

Stock price is down 3.24% since it reached the one year high price and is down $ -0.35 since then. The company shares are up 94.78% from one year low and is up $5.08 since then. The Stock has a 52 week low of $5.36 and one year high of $10.79.

For the current week, the company shares have a recommendation consensus of Buy. MGIC Investment Corporation (NYSE:MTG) : On Thursday heightened volatility was witnessed in MGIC Investment Corporation (NYSE:MTG) which led to swings in the share price. The stock opened for trading at $10.58 and hit $10.68 on the upside , eventually ending the session at $10.44, with a gain of 1.66% or 0.17 points. The heightened volatility saw the trading volume jump to 7,574,103 shares. The 52-week high of the share price is $10.79 and the company has a market cap of $3,557 million. The 52-week low of the share price is at $5.36 .

MGIC Investment Corp. Last issued its quarterly earnings results on Jan 19, 2017. The company reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.06. Analyst had a consensus of $0.22. The company had revenue of $266.50 million for the quarter, compared to analysts expectations of $264.69 million. The companys revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Company has reported several Insider transactions to the SEC, on Feb 11, 2016, Cassandra C Carr (director) purchased 5,000 shares at 6.35 per share price.On Jan 28, 2016, C Edward Chaplin (director) purchased 5,000 shares at 6.40 per share price.On Jan 28, 2016, James J. Hughes (SVP-Sales & Bus. Development) purchased 10,000 shares at 6.38 per share price.

MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the Company provides private mortgage insurance and ancillary services. The Companys subsidiaries include Mortgage Guaranty Insurance Corporation (MGIC) and MGIC Indemnity Corporation (MIC). The Company provides mortgage insurance to lenders throughout the United States and to Government sponsored entities to protect against loss from defaults on low down payment residential mortgage loans. Its principal product is primary mortgage insurance. Primary insurance provides mortgage default protection on individual loans and covers unpaid loan principal, delinquent interest and certain expenses associated with the default and subsequent foreclosure or sale approved by the Company. Through certain other non-insurance subsidiaries, it also provides various services for the mortgage finance industry, such as contract underwriting and portfolio analysis and retention.


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