Orlando, FL -- (SBWIRE) -- 10/16/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Genworth Financial Inc(NYSE:GNW), MGIC Investment Corp.(NYSE:MTG).
Genworth Financial Inc(NYSE:GNW)shares decreased 0.99% to $12.94. The company announced it would issue its earnings release and financial supplement containing third quarter results after the market closes on October 29, 2013.
Additionally, GNW and its wholly owned subsidiary Genworth Holdings, Inc., on Sept. 26 announced the entrance into a credit agreement that provides Genworth Holdings, Inc. with a three-year $300 million, multicurrency revolving credit facility, with a $100 million sublimit for letters of credit. The proceeds of the loans may be used for working capital and general corporate purposes.
Are investors worried about the recent updates with GNW? Find out with a free trend analysis HERE
MGIC Investment Corp.(NYSE:MTG) shares decreased 4.35% to $7.26. The company on Oct. 8 issued an Operational Summary of its insurance subsidiaries for the month of September 2013 for their primary mortgage insurance. The summary is also available on the company's website at http://mtg.mgic.com, under Investor Information, Press Releases. The information concerning new notices and cures is compiled from reports received from loan servicers. The level of new notice and cure activity reported in a particular month can be influenced by, among other things, the date on which a servicer generates its report, the number of business days in a month, and by transfers of servicing between loan servicers.
Additionally, Investment analysts at Susquehanna increased their target price on shares of MGIC Investment from $12.00 to $13.00 in a note issued to investors on Oct. 15. The firm currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 79.06% from the company’s current price.
Is MTG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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