MGIC Investment Corp. (MTG)

[tommiegun54]

$200 MIL. SHARE REPURCHASE AND 5 MIL. SHORT PUT UPWARD PRESSURE ON MTG

MGIC INVESTMENT shares short increased to 5 million in the period ending June 15, 2018.

MGIC INVESTMENT MANAGEMENT announcement to REPURCHASE $200 MILLION in company stock, should put UPWARD PRESSURE ON MTG stock price in the future.

Recently, ZACKS put a "buy" rating on MGIC INVESTMENT citing: IMPROVING COMPANY dynamics, largely based on a positive macroeconomic backdrop including declining claims, increasing "insurance in force, declining reinsurance as a percentage of "new insurance written, which is increasing quarterly, and IMPROVING CAPITAL base and risk to capital metrics.