PMI Group, Inc. (NYSE:PMI) has lost 2.35% or seven cents a share to settle at $2.91 with an increased volume of 7.1 million shares. The stock has been trending below its 50 day moving average of $3.33 and its 200 day moving average of $3.51 with a relative strength index of 39.1
The PMI Group, Inc. through its subsidiary PMI Mortgage Insurance Co. (MIC), and its affiliated companies (collectively PMI), provides residential mortgage insurance in the United States. During the year ended December 31, 2009, the Company operated in three business segments: United States Mortgage Insurance Operations, International Operations and Corporate and Other. As a United States residential mortgage insurer, PMI offers a variety of mortgage insurance products to meet the capital and credit risk mitigation needs of its customers.
Radian Group, Inc. (NYSE:RDN) has lost 2.28% or $.16 a share to settle at $6.85 with an increased volume of 4.7 million shares. The stock has been trading below its 50 day moving average of $7.94 and its 200 day moving average of $8.06 with a relative strength index of 38.42.
Radian Group Inc. (Radian Group) is a credit enhancement company. The Company operates in three business segments: mortgage insurance, financial guaranty and financial services. The mortgage insurance business provides credit protection for mortgage lenders and other financial services companies on residential mortgage assets. The financial guaranty business has provided insurance and reinsurance of municipal bonds, structured finance transactions and other credit-based risks. Its financial services business consists mainly of its minority ownership interest in Sherman Financial Group LLC (Sherman), a consumer asset and servicing firm specializing in credit card and bankruptcy-plan consumer assets.
MGICInvt Corp. Wis. (NYSE:MTG) has lost 1.16% or $.10 a share to settle at $8.55 with a volume of 5.3 million shares. The stock has fallen below its 50 day moving average of $9.81 as well as its 200 day moving average of $8.88 with a relative strength index of 39.31.
MGIC Investment Corporation is a holding company. Through its wholly owned subsidiaries, the Company provides private mortgage insurance in the United States. As of December 31, 2009, the Company's principal subsidiary, Mortgage Guaranty Insurance Corporation (MGIC), was licensed in all 50 states of the United States, the District of Columbia, Puerto Rico and Guam.
First American Corp. (NYSE:FAF) has lost 2.32% or $.37 to settle at $15.61 a share with a increased volume of 753,000 shares. The stock has been trading above its 50 day moving average of $15.41 and above its 200 day moving average of $14.46 with a relative strength index of 47.88.
First American Financial Corporation (First American) provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The First American Family of Companies' core business lines include title insurance and closing/settlement services; property data and automated title plant records and images; home warranty products; property and casualty insurance, and banking, trust and investment advisory services.
MBIA Technologies (NYSE:MBIA) has lost 0.9% or $.10 a share to settle at $10.95 with an increased volume of 3.3 million shares. The stock has recently fallen through its 50 day moving average of $11.4, but is still trading above its 200 day moving average of $9.67 with a relative strength index of 42.56.
MBIA Inc. (MBIA) provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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