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Article: Blaylock Initiates Coverage of the Mortgage Insurance Industry With a 'Buy' Rating on Radian Group and 'Hold' Ratings on MGIC Investment and PMI Group.
- Article from:
- PR Newswire
- Article date:
- November 14, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Nov. 14 /PRNewswire/ -- Blaylock & Partners' equity analysts Joshua Shanker and Harry Fong have initiated coverage on the mortgage insurance industry with a "Buy" rating on Radian Group and "Hold" ratings on MGIC Investment Corp. and PMI Group .
In a sector overview titled "Lender's Paradise: Mortgage Insurance 101," Messrs. Shanker and Fong state that the mortgage industry now straddles the fence between a mature industry and a growth sector. Private mortgage insurers have achieved 20% top line growth over the past decade, consolidation has been robust, and there have been numerous new entrants and new products. And though loss ratios are trending ...