MGIC boosted to Buy at KBW

|About: MGIC Investment Corporation (MTG)|By:, SA News Editor

Showing relative strength on a red day are the mortgage insurers, particularly MGIC Investment (MTG +3.9%) as KBW doesn't find the air too thin after the stock's more than quintupled over the past year, and upgrades to Buy with price target hiked to $10 from $9.

Others: Radian (RDN +1.4%), and (not a pure-MI play) Genworth (GNW +0.9%).

Freshly IPOed Essent Group (ESNT -0.1%) is about 29% above its offering price.