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Enter Symbol:
Rating: MTG
Mkt Outperform

Mgic Investment Corporation (NYSE: MTG) upgraded to Mkt Outperform by JMP Securities

Monday,  Jan 27, 2014  8:25 AM ET by Kristen Bailey

JMP Securities upgraded Mgic Investment Corporation (NYSE: MTG) to Mkt
Outperform. JMP Securities rated Mgic Investment Corporation (NYSE: MTG) to Mkt Perform on 09/17/2013, when the price was $7.38.

MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is the leading provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Private mortgage insurance covers residential first mortgage loans and expands home ownership opportunitiesby enabling people to purchase homes with less than 20% down payments. If the home owner defaults, private mortgage insurance reduces and, in some instances, eliminates the loss to the insured institution.

MP Securities' equity research department provides institutional clients with comprehensive industry knowledge, unique insight and actionable information. JMP's senior research analysts are charged with developing proprietary investment themes, anticipating secular and cyclical changes and producing action-oriented reports. JMP follows companies in six industries that exhibit above-average long-term growth characteristics — Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services — and produces specialized equity research that enables investors to understand and invest in complicated growth stocks profitably.

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