MGIC Investment Corporation (MTG) : The total money flow in MGIC Investment Corporation (MTG) was negative ($6.51 million), which signals selling by the traders on Fridays session. They trimmed their holdings by selling the stock on downticks to the tune of $18.27 million. In comparison, the inflow of money into the stock on upticks was $11.76 million. The uptick to downtick ratio was 0.64. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $14.56 million. The value of transactions on uptick was $7.11 million. The negative money flow of ($7.44 million) confirms the selling in MGIC Investment Corporation (MTG) on strength. The uptick to downtick ratio of block trades was 0.49. MGIC Investment Corporation (MTG) gained $0.11 at $6.92, a gain of 1.62% over the previous days close. However, the stock registered 8.13% in the week.
MGIC Investment Corporation (MTG) : The most positive equity analysts on MGIC Investment Corporation (MTG) expects the shares to touch $10, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $9.25 with an expected fluctuation of $0.5 from the mean.
MGIC Investment Corporation (NYSE:MTG): stock turned positive on Friday. Though the stock opened at $6.83, the bulls momentum made the stock top out at $7.03 level for the day. The stock recorded a low of $6.78 and closed the trading day at $6.92, in the green by 1.62%. The total traded volume for the day was 11,365,696. The stock had closed at $6.81 in the previous days trading.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Mgic Investment Corp, Carr Cassandra C, had purchased 5,000 shares in a transaction dated on February 9, 2016. The transaction was executed at $6.35 per share with total amount equaling $31,750.
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.