MGIC Investment Corporation (MTG)

0.32 2.22
Prev Close 14.43
Open 14.43
Day Low/High 14.05 / 14.49
52 Wk Low/High 4.34 / 15.24
Volume 2.07M
Exchange NYSE
Shares Outstanding 338.78B
Market Cap 4.85B
P/E Ratio 9.46
Div & Yield N.A. (N.A)

What to Own and How Much

I continue to believe that quality companies are on sale. So far, the Cassandras' predictions of global collapse and failure have been proven false. Some of the most notorious bears are now turning bullish and revising their forecasts to the positiv...

Selling Some MGIC

I continue to reduce the size of my long book. I am paring back my MGIC Investment (MTG) long further on today's strength, as I try to reduce the size of my long book.

Reducing Longs

They include Lincoln National, MGIC Investment and Prudential. Housekeeping items: I am trying to reduce my long book this morning. As a result, I have taken some profits and reduced my long positions in Lincoln National (LNC), MGIC Investment (MTG)...

Speculative Portfolio Moves

I would be replacing Charming Shoppes, Brocade and Ford with MGIC Investment, KKR Financial and a player to be named later. Housekeeping item: I have sold out more of my Charming Shoppes (CHRS) long. In looking at my speculative basket from back in ...

Added to Lagging Longs

They include Brocade, P&G, Pepsi, and MGIC. This morning I have added to the following laggards: Brocade (BRCD), Procter & Gamble (PG), PepsiCo (PEP) and MGIC Investment (MTG) -- Genworth's (GNW) better results should help the shares of MGIC.

Portfolio Update

I added to MGIC Investment (MTG) at $3.93 this morning.

Giddy Up!

MTG just raliied for no observable reason. I mentioned in today's opening missive that the private mortgage insurers should be beneficiaries of the Fed's largesse and easy policy into 2014. MGIC Investment (MTG) was weak in the morning and it was on...

Added to Investment Longs

I also reinitiated long trades in BMC and Nokia. Today I added to the following long positions: Procter & Gamble (PG), PepsiCo (PEP), MGIC Investment (MTG), Lincoln National (LNC), Legg Mason (LM), Kellogg (K), General Motors (GM) and Ford (F). In a...

Two to Tango

Two to Tango

A pair of important developments will have a positive intermediate-term impact on risk assets. 

Two to Tango

A pair of important developments will have a positive intermediate-term impact on the markets and on risk assets. While I continue to expect some short-term market weakness, two important developments occurred over the past few days that will have a...

MGIC Beats Consensus

The company's reported quarterly loss was less than what was expected. MGIC Investment's (MTG) loss, at $0.67 per share, was a bit better than the consensus expectations for a loss of $0.81 per share. More to come after I analyze the report. I just ...

Adding to MGIC

I am picking up more shares at $3.87. I am adding to MGIC Investment (MTG) at $3.87 now.

First Buy of the Day

It's MGIC. I just purchased more MGIC Investment (MTG) at $3.91. I added to my long position in the common shares and the calls.

Hatchet Job on the Private Mortgage Insurers

The Barron's piece is so ignorant of so much data that I don't know what else to call it. Barron's published a negative column on the private mortgage insurers over the weekend that seemed hyperbolic, inconsistent and wrong-footed in areas of (funda...

Playing Favorites in Private Mortgage Insurers

MGIC is my favorite stock in the sector, which is taking off again today. Private mortgage insurers are getting jiggy again today, and MGIC Investment (MTG) remains my favorite.

Speculating in Financial Sector

A small position on mortgages. I established a new long, but speculative, position this morning in MTG. It's a small position so far. The long is based on my analysis that the runoff value of  its current portfolio is about $6.50-$7.00 a share (even...

Big Leverage, Small Capital

How to gain gamma without big money. Over the last few weeks, consistent with my more optimistic market view, I have employed a simple strategy of buying slightly-out-of-the-money calls on a number of long positions, including ETFC, HPQ , IFF, K, LN...