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Author Topic: MTG - MGIC Investment Corporation - NYSE  (Read 4280 times)
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Dr PennyStock
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« on: November 08, 2011, 12:11:46 PM »


Daily Chart: http://stockcharts.com/h-sc/ui?s=MTG&p=D&b=5&g=0&id=p61364118285

Weekly Chart: http://stockcharts.com/h-sc/ui?s=MTG&p=W&b=5&g=0&id=p81675958869

News:  http://finance.yahoo.com/q/h?s=MTG+Headlines

Business Summary:  MGIC Investment Corporation, through its subsidiaries, provides mortgage insurance to lenders and government sponsored entities in the United States. The company offers primary insurance coverage that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure; pool insurance coverage, which covers the excess of the loss on a defaulted mortgage loan that exceeds the claim payment under the primary coverage; and bulk transactions, in which the individual loans in the insured portfolio are insured to specified levels of coverage. It also participates in risk sharing arrangements and captive mortgage reinsurance arrangements. In addition, the company provides contract underwriting and related services; and various mortgage services, such as portfolio retention and secondary marketing of mortgage-related assets for the mortgage finance industry. It serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1984 and is headquartered in Milwaukee, Wisconsin.
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Dunadoni
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« Reply #1 on: August 06, 2012, 03:56:41 PM »

Got some at 0.9788
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Kid Dynamite
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« Reply #2 on: August 06, 2012, 05:24:04 PM »

What caused the drop? Do you think it bounces back up to the 2's?
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Vegas
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« Reply #3 on: August 06, 2012, 10:17:24 PM »

What caused the drop? Do you think it bounces back up to the 2's?

MGIC has investors in panic mode, after the insurer posted a $274 million loss for Q2, $122 million more than the net loss reported this time last year. Revenues were also down, despite the company's having nearly doubled the value of newly originated policies over the past year. Still, MGIC wrote only $2.2 billion in new insurance for June, compared with Radian's $3 billion. At the end of June, the company's risk-to-capital ratio was 30:1 -- quite a bit higher than the acceptable level of 25:1. The company admits that it may be prevented from issuing new insurance policies "on an uninterrupted basis."

http://www.fool.com/investing/general/2012/08/03/mgic-crashes-and-burns-are-peers-far-behind.aspx
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♦♦♦ Give me control of a nations money supply, and I care not who makes it’s laws... Mater Amschel Rothschild ♦♦♦
Dunadoni
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« Reply #4 on: August 07, 2012, 05:25:41 AM »

Indeed gamble play Smiley
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Dunadoni
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« Reply #5 on: August 07, 2012, 09:50:15 AM »

Insider buys!

LAUER JON MICHAEL Officer 08/06/2012 Buy direct 75,000
CULVER CURT S Officer 08/06/2012 Buy direct 100,000

http://www.nasdaq.com/symbol/mtg/insider-trades
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Kid Dynamite
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« Reply #6 on: August 07, 2012, 10:03:55 AM »

I'm taking a shot on an Aug 18 1.00 call @ .15  *fingers crossed* 
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Dunadoni
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« Reply #7 on: August 07, 2012, 10:06:51 AM »

I'm taking a shot on an Aug 18 1.00 call @ .15  *fingers crossed* 

Dare devil Grin
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Dunadoni
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« Reply #8 on: August 07, 2012, 04:57:21 PM »

Nice close near the HOD 1.07 Grin
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wildduece2
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« Reply #9 on: August 08, 2012, 07:42:27 AM »

Sorry to be ignorant, what does 1.00 call @15 mean?
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Dunadoni
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« Reply #10 on: August 08, 2012, 09:51:34 AM »

1.14 :dancing: Grin
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Dunadoni
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« Reply #11 on: August 10, 2012, 11:02:54 AM »

1.14 again, nice Smiley
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Dunadoni
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« Reply #12 on: August 13, 2012, 09:29:49 AM »

Mortgage Insurance Industry Looks to Rebound as Mortgage Delinquency Rate at a Three-Year Low
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MGIC Investments (NYSE:MTG)
Intraday Stock Chart
Today : Monday 13 August 2012

Ever since the housing bubble collapsed and foreclosures soared, mortgage insurers have struggled to recoup their losses, leaving their books filled with large unpaid home loans. Things may be turning around for the industry as the U.S. housing market has begun to show signs of a long awaited recovery and with mortgage delinquencies currently at a three-year low. Five Star Equities examines the outlook for companies in the Property & Casualty Insurance Industry and provides equity research on MGIC Investment Corp. (NYSE: MTG) and Radian Group Inc. (NYSE: RDN).
Access to the full company reports can be found at:
www.FiveStarEquities.com/MTG
www.FiveStarEquities.com/RDN
Credit reporting agency TransUnion last week reported that mortgage delinquencies, holders behind payments by 60 days or more, have fallen to 5.49 percent in the second quarter, down from the 5.78 percent in the first quarter. The agency anticipates the delinquency rate to continue to fall this year, but not below 5 percent.
"The pace of improvement should pick up when we review third quarter results, helped by a few months of relatively good news on home prices, this year's resurgence in refinance activity related to HARP 2.0 and record low mortgage interest rates," says Tim Martin, group vice president of U.S. housing in TransUnion's financial services business unit.
Five Star Equities releases regular market updates on the Property & Casualty Insurance Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
MGIC, the principal subsidiary of MGIC Investment Corporation, is the nation's largest private mortgage insurer as measured by $166.7 billion primary insurance in force covering 1.0 million mortgages as of June 30, 2012. MGIC serves lenders throughout the United States, Puerto Rico, and other locations helping families achieve homeownership sooner by making affordable low-down-payment mortgages a reality.
Radian Group Inc. provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. The company recently reported that new mortgage insurance written grew to $8.3 billion during the quarter, compared to $6.5 billion in the first quarter of 2012 and $2.3 billion in the prior-year quarter.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:

www.FiveStarEquities.com/disclaimer

Contact:



Five Star Equities


 
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Dunadoni
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« Reply #13 on: August 13, 2012, 10:18:51 AM »

1.20 Grin
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Dunadoni
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« Reply #14 on: August 13, 2012, 01:03:19 PM »

1.24 now...Needs a break of 1.25 then we will get some firework Grin
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