All Posts Tagged With: "MTG"

(MTG) MGIC Investment Corporation Raises Capital

MGIC Investment Corporation (MTG) has raised capital worth $1145.35 million. The capital has been raised in two parts with $695.25 million from the issue of shares and $450 million from the issue of 2.00% convertible senior notes due...

8Mar2013 | | Comments Off | Continued

(SMA) Symmetry Medical’s Surgical Subsidiary Gains Ground in Italy

Symmetry Surgical, a subsidiary of orthopedic implants and instruments maker Symmetry Medical Inc. (SMA) recently inked an exclusive agreement in Italy with Biocommerciale Srl. Per the agreement, Biocomerciale...

4Dec2012 | | Comments Off | Continued

(PNX) Insurance Industry Stock Update – February 2012 – Industry Outlook

The impact of a series of natural disasters in 2011 and the ongoing economic uncertainty is still quite palpable in the performance of U.S. insurers. These impediments aside, there are fundamental challenges that are expected to come in the way insurers’ efforts to meet growing investor expectations...

13Feb2012 | | 0 comments | Continued

(BMY) Company News for January 04, 2012 – Corporate Summary

•    Share prices of natural gas producer Devon Energy Corp (NYSE:DVN) gained 6.63% after the company announced it would sell a stake in five of its exploratory projects across the U.S., to Sinopec International Petroleum Exploration & Production,...

8Jan2012 | | 0 comments | Continued

(AAPL) A Busy Week Ahead – Earnings Preview

Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very good idea...

17Oct2011 | | 0 comments | Continued

(ALL) Company News for July 19, 2011 – Corporate Summary

•    Shares of biotech company Bacterin International Holdings Inc (AMEX:BONE) gained 10.34% after the company posted initial second quarter earnings figures that came in above expectations•    U.S. listed shares of Check Point Software...

19Jul2011 | | 0 comments | Continued

(AAPL) 2011 Second Quarter Earnings Preview – Detailed

Earnings Preview 7/15/11 Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are in the S&P 500. By next...

18Jul2011 | | 0 comments | Continued

(MTG) MTG Investment Corporation Downgraded to Neutral

We are downgrading our recommendation on the shares of MGIC Investment Corp. (MTG) to Neutral from Outperform, following the company’s first quarter 2011 results, which missed the earnings guidance due to higher paid losses, lower...

29Jun2011 | | 0 comments | Continued

(PMI) PMI Group Analyst Downgrades Shares to Underperform

We have recently downgraded PMI Group Inc. (PMI) to Underperform, as we expect losses and loss adjustment expenses from mortgage insurance operations, increased valuation allowances, lower premiums earned and shrunken investment income...

18Feb2011 | | 0 comments | Continued

(CMG) Stock Market News for February 14, 2011 – Market News

As Egypt’s President Hosni Mubarak stepped down following prolonged mass protests, the markets moved up and ended with modest gains on Friday. Encouraging economic data also helped investors gain in confidence. On Friday, markets closed after a second consecutive week of gains. The...

14Feb2011 | | 0 comments | Continued

(AXP) Stock Market News for January 20, 2011 – Market News

On Wednesday, markets sunk lower to close in the red after disappointing results from Goldman Sachs’ (NYSE:GS) and Cree Inc (NASDAQ:CREE). Results from these companies pressured financial and tech...

21Jan2011 | | 0 comments | Continued

(FNM) Case Schiller Home Price Index Shows U.S. Home Prices Rose in May

The Case Schiller Home Price Indexes were generally higher in May. On a seasonally adjusted basis (and there is significant seasonality to home prices, so looking at the unadjusted numbers the way that most of the media does is a serious mistake) both the Composite 20 (C20) and Composite...

27Jul2010 | | 0 comments | Continued

(WFC) U.S. Initial Jobless Claims Pulls Back

Initial claims for unemployment insurance fell back towards the bottom of the “trading range” they have been stuck in since the start of the year. Last week they fell by 21,000 to 454,000, essentiality reversing the big rise last week. Because the week-to-week movements in this data...

8Jul2010 | | 0 comments | Continued

(BAC) U.S. Initial Jobless Claims Rise Again

Initial claims for unemployment insurance rose sharply for the second straight week, rising 24,000 to 484,000. Just two weeks ago they were at 442,000.  The four-week moving average, which is generally considered a better measure given the week-to-week volatility in the numbers,...

15Apr2010 | | 0 comments | Continued

(PMI) PMI Group Wins Freddie Mac Approval

California-based PMI Group Inc.’s (PMI) principal operating subsidiary PMI Mortgage Insurance Co. (“MIC”), announced yesterday that it has won approval from Freddie Mac (FRE)...

25Mar2010 | | 0 comments | Continued

($BAC) Initial Claims for Unemployment Insurance Edge Down

Initial Claims for Unemployment Insurance fell by 6,000 this week to 462,000. However, the 4-week moving average, which is generally considered a better measure given the high degree of volatility in the weekly numbers, rose by 5,000 to 475,500. Starting about a year ago, when...

11Mar2010 | | 0 comments | Continued

($FNM) Housing Prices Show Small Rise

The Case-Schiller housing price indexes were released this morning, and both the Composite 10 (C-10) and the Composite 20 (C-20) showed monthly increases of 0.3% on a seasonally adjusted basis. Since there is a fair amount of seasonality in housing prices, the seasonally adjusted numbers are...

23Feb2010 | | 0 comments | Continued

(FNM) Initial Jobless Claims Greater Than Expected

We got mixed news in the Initial Claims for Unemployment Insurance report. This week, initial jobless claims fell by 8,000 to 470,000, and last week’s figure was revised down to 478,000 from 482,000. However, the level was well above the consensus expectation of 450,000. The decline and the...

28Jan2010 | | 0 comments | Continued

(CS) Case Schiller Indexes Show Home Prices Edge Up

In November, housing prices increased by 0.24% on a seasonally adjusted basis for both the Case Schiller (CS) Composite 10 (CS-10) and Composite 20 (CS-20) city indexes. The CS indexes are considered the gold standard of housing price indexes, and track actual repeat sales, and are thus not influenced...

26Jan2010 | | 0 comments | Continued

(SHW) Existing Homes Sales Plunge

The National Association of Realtors reported this morning that in December Existing Homes Sales plunged 16.7% from November, to an annual rate of 5.45 million. That rate was, however, 15.0% below the extremely depressed 4.74 million rate in December 2008. While inventories also dropped (as is seasonally...

25Jan2010 | | 0 comments | Continued

(MTG) MGIC Investment Corporation Sees Rating Action

Last week, rating agency Fitch withdrew its long-term issuer rating “B-“ of MGIC Investment Corp. (MTG) along with withdrawing the “BB-“ insurer financial strength rating of its subsidiary, Mortgage Guaranty Investment Corp....

19Jan2010 | | 0 comments | Continued

(BAC) Bank of America Sues Mortgage Insurer MGIC Investment Corporation

Bank of America (BAC) has filed a lawsuit with the Securities and Exchange Commission against Mortgage Guaranty Insurance Corporation, the principal mortgage insurance subsidiary of MGIC Investment Corporation (...

28Dec2009 | | 0 comments | Continued

(BAC) Home Prices Continue to Rise

This morning the S&P Case-Schiller index was released. The Composite 20 index (C-20), which covers 20 of the largest metropolitan areas in the country rose by 0.27% on a seasonally adjusted basis (home prices are seasonal, so the adjusted data is what you should be looking at — most of the...

25Nov2009 | | 0 comments | Continued

($BAC) Mortgage Bankers Association Reports Mortgage Delinquencies at Record High

The Mortgage Bankers Association (MBA) reported today that mortgage delinquencies hit a record high in the third quarter: “The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding...

19Nov2009 | | 0 comments | Continued

(MTG) MGIC Investment Corporation Reports Ugly Loss

MGIC Investment Corp.’s (MTG) third-quarter loss of $4.44 per share was wider than the Zacks Consensus Estimate of a loss of $1.64 per share. Last year, the company had reported a loss of $1.06 per share. Increasing delinquent inventory...

2Nov2009 | | 0 comments | Continued

(MTG) MGIC Investment Corporation’s Earnings Preview

MGIC Investment Corporation (MTG) is expected to release third quarter results on Oct 15. The Zacks Consensus Estimate for the company is a loss of $1.64 per share. The company’s financial results have been adversely impacted by increased delinquencies, which are occurring due to...

16Oct2009 | | 0 comments | Continued

(AET) Zacks #5 Rank Additions – Strong Sell ratings added

Here are the stocks added to the Zacks #5 Rank (“strong sell”) List today: Aetna Inc (AET) Belden Inc (BDC) Berkshire Hills Bancorp Inc (BHLB) Developers Diversified Realty Corp...

19Aug2009 | | 0 comments | Continued

(MTG) Financials – Industry Outlook

Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to...

10Jun2009 | | 0 comments | Continued

(MTG) Financials – Zacks Analyst Interviews

Even though some financial institutions are ready, willing and able to return the funds received through the Troubled-Asset Relief Program (TARP), the sticking point remains what the government is willing to accept and what the financial institutions are willing to pay for the warrants attached to...

10Jun2009 | | 0 comments | Continued