MGIC Investment (MTG) in Focus: Stock Tumbles 9.5% - Tale of the Tape

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MGIC Investment Corp. ( MTG ) saw a big move last session, as the company's shares fell by nearly 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $9.09 to $9.45 in the past one-month time frame.

This private mortgage insurance and ancillary services provider has seen one positive current year estimate revisions over the past few weeks. However, the consensus for earnings hasn't been in a trend. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

MTG currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.


Some better-ranked stocks in the same sector include CNO Financial Group, Inc. ( CNO ), MetLife, Inc. ( MET ) and Prudential Financial, Inc. ( PRU ). All these stocks hold a Zacks Rank #2 (Buy).

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MGIC INVSTMT CP (MTG): Free Stock Analysis Report

CNO FINL GRP (CNO): Free Stock Analysis Report

METLIFE INC (MET): Free Stock Analysis Report

PRUDENTIAL FINL (PRU): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: MTG , CNO , MET , PRU

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