Radian Group’s common stock price was up nearly 7% on Wednesday while MGIC was up over 4%, as the two mortgage insurers were the largest percentage gainers in the Mortgage Industry Equity Composite.
There were 10 MIEC stocks that closed lower than they
During the day, MGIC Investment Trust set a 52-week high at $8.69 per share. Meanwhile, Radian’s and MGIC’s competitors did not fare as well. Genworth gained 1.6%, while United Guaranty’s parent AIG gained 1.1%. NMI Holdings also gained 1.1%. Essent lost over 2%.
Meanwhile
MIEC member PennyMac Investment Trust lost nearly 3% from its Tuesday close, while OceanFirst Financial was down over 2%.