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MGIC Investment (MTG) Soars: Stock Adds 9.1% in Session
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MGIC Investment Corporation (MTG - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $10.71 to $11.37 in the past one month time frame.
The move came after the company reported solid second-quarter 2018 results.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for MGIC Investment. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
MGIC Investment currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Is MTG going up? Or down? Predict to see what others think:Up or Down
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It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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MGIC Investment (MTG) Soars: Stock Adds 9.1% in Session
MGIC Investment Corporation (MTG - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $10.71 to $11.37 in the past one month time frame.
The move came after the company reported solid second-quarter 2018 results.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for MGIC Investment. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
MGIC Investment currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
MGIC Investment Corporation Price
MGIC Investment Corporation Price | MGIC Investment Corporation Quote
Another stock worth considering in the Insurance - Multi line industry is Legal & General Group Plc (LGGNY - Free Report) , which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MTG going up? Or down? Predict to see what others think:Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>