Group 1 - MGIC Investment Corporation (MTG) shares have performed well over the past year, gaining approximately 8%, although they have recently dropped about 10% from their highs [1] - The Trump Administration is focusing on improving homeowner affordability, which may include potential measures such as allowing the use of 401(K)s for home purchases [1]

Core Viewpoint - Valero Energy (VLO) shares have performed strongly over the past year, gaining 35% due to a favorable refining macro environment compared to 12 months ago [1] Company Performance - The company reported another strong quarter, indicating continued robust performance [1] - Ongoing capital returns have supported the share price, contributing to its strong performance [1]

Core Viewpoint - Webster Financial Corporation (WBS) has shown strong performance over the past year, with a 12% gain and recovery from a Q2 selloff, reaching a new 52-week high [1] Company Performance - The diversified business model of Webster Financial Corporation has contributed to its solid performance [1]

Core Viewpoint - Mercantile Bank Corporation (MBWM) has shown strong performance over the past year, with shares increasing over 11% and reaching a new 52-week high following robust Q4 earnings [1] Financial Performance - The company reported strong quarterly results, indicating continued improvement in credit quality [1]

Core Viewpoint - Commerce Bancshares (CBSH) has underperformed in the past year, with a loss of approximately 12% in its stock value, raising investor concerns regarding its credit quality [1] Company Performance - The company has been building reserves in response to credit quality concerns, which is a trend observed across other banks facing significant loss events [1]

Core Viewpoint - Northern Trust Corporation (NTRS) has shown strong performance over the past year, with a share price increase of 34% attributed to rising markets and elevated interest rates [1] Company Performance - The trust and custody bank has benefited from favorable market conditions, which have positively impacted its operations and financial performance [1] Investment Strategy - The article highlights a contrarian investment approach based on macro views and stock-specific turnaround stories, aiming for outsized returns with a favorable risk/reward profile [1]

Company Performance - Shares of the Travelers Companies (TRV) have gained approximately 13% over the past year [1] Industry Conditions - The insurance industry faced challenges at the beginning of 2025 due to California wildfires, but conditions improved later in the year [1]

Core Viewpoint - Primerica (PRI) shares have underperformed over the past year, with a loss of approximately 5% in value, raising concerns about its exposure to middle-income consumers [1] Company Performance - Recent results from Primerica have been described as reasonable, yet market sentiment remains cautious due to the company's target demographic [1] Market Concerns - The primary concern for investors is the company's reliance on middle-income consumers, which may pose risks in the current economic climate [1]

Group 1 - The PNC Financial Services Group, Inc. (PNC) has seen a stock price increase of approximately 13% over the past year, attributed to its expansion into faster-growing Sun Belt markets [1] - The credit quality of PNC has remained stable, indicating strong financial health amidst its growth strategies [1]

Core Viewpoint - TEGNA Inc. (TGNA) shares have increased by 3% compared to last year, but the investment journey has been volatile due to weak performance in the first half of 2025 amid concerns over an advertising slowdown [1] Group 1 - The stock experienced a significant rise following Nexstar's involvement, indicating potential recovery or investor optimism [1]