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Actionable news in MTG: MGIC INVESTMENT Corp,

One Reason Why MGIC Investment (MTG) Stock Is Up Today

NEW YORK (TheStreet) -- Shares of MGIC Investment (MTG) are climbing 2.57% to $6.99 on Wednesday morning after the company posted better-than-expected second quarter results yesterday and was upgraded at Compass Point.

The firm raised its rating on shares to "buy" from "neutral" and increased its price target to $9 from $8.50 this morning, the Fly reports.

Compass Point also revised estimates higher to include lower default-to-claim assumptions and a gradual decline in the reserve per late stage default, which translates to a lower incurred loss...