Large Outflow of Money Witnessed in MGIC Investment Corporation

MGIC Investment Corporation (MTG) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($3.9 million) and the uptick to downtick ratio was 0.3. The transaction value on upticks was $1.66 million and on downticks, the transaction value was $5.56 million. In block trades, the transaction value of inflow done during uptick was $0.25 million. The transaction value of block trades during downticks was $3.89 million. The uptick to downtick block trade ratio was 0.06. The money flow was negative ($3.64 million), indicating the traders were booking profit on the price strength. MGIC Investment Corporation (MTG) rose $0.04 at $8.02, during intraday Wednesday , a rise of 0.5% over the previous days close.


MGIC Investment Corp. has lost 0.12% in the last five trading days and dropped 1.11% in the last 4 weeks. MGIC Investment Corp. is up 35.3% in the last 3-month period. Year-to-Date the stock performance stands at -9.29%.

MGIC Investment Corporation (MTG) : Zacks Investment Research ranks MGIC Investment Corporation (MTG) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.83, which indicates as a Buy.

MGIC Investment Corporation (NYSE:MTG): The stock opened at $8 and touched an intraday high of $8.05 on Wednesday. During the day, the stock corrected to an intraday low of $7.87, however, the bulls stepped in and pushed the price higher to close in the green at $8.01 with a gain of 0.38% for the day. The total traded volume for the day was 4,156,779. The stock had closed at $7.98 in the previous trading session.

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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