We continue to rate the shares of MGIC Investment Corp. (NYSE:MTG) at Neutral prior to its fourth quarter earnings release. The company’s business performance is primarily dependent on the housing market, which is recovering gradually. However, MGIC’s continuing weak performance, stressed capital position and uncertainty relating to new business growth keeps us on the sidelines.
For the past four years, MGIC has been hit hard by the deteriorating mortgage and housing markets. However, the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards