Early Briefing on Insurance Equities -- Research on MBIA, ACE, First American Financial, and Axis Capital Holdings Editor Note: For more information about this release, please scroll to bottom.
LONDON, May 19, 2014 /PRNewswire/ --
On Friday, May 16, 2014, the NASDAQ Composite ended at 4,090.59, up 0.52%, the Dow Jones Industrial Average finished the day 0.27% higher at 16,491.31, and the S&P 500 closed at 1,877.86, up 0.37%. The gains were broad based as nine out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 292.56, up 0.12%, and the index has advanced 1.61% in the last three months. Investor-Edge has initiated coverage on the following equities: MBIA Inc. (NYSE: MBI), ACE Ltd (NYSE: ACE), First American Financial Corporation (NYSE: FAF) and Axis Capital Holdings Ltd (NYSE: AXS). Free technical research on MBI, ACE, FAF and AXS can be downloaded upon signing up at:
MBIA Inc.'s stock finished the Friday's session 1.29% higher at $11.80. A total of 3.21 million shares were traded, which was above its three months average volume of 2.99 million shares. The stock moved between $11.48 and $11.85 during the session. Over the previous three trading sessions and the last one month, MBIA Inc.'s shares have declined 3.59% and 1.42%, respectively. Additionally, from the beginning of 2014, the company's stock has declined 1.17%. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $13.06 is greater than its 200-day moving average of $12.16. MBIA Inc.'s stock has a Relative Strength Index (RSI) of 41.76. Sign up today to read free research on MBI at:
On Friday, ACE Ltd's stock fluctuated between $101.72 and $102.55 before ending the session 0.17% higher at $102.46. ACE Ltd's stock reported a trading volume of 0.80 million shares, below its three months average volume of 1.35 million shares. Shares of the company traded at a PE ratio of 10.85. ACE Ltd's shares have advanced 1.51% in the last one month and 5.13% in the previous three months. However, the stock has lost 1.03% since start of this year. The stock is trading above its 50-day and 200-day moving averages of $100.06 and $96.78, respectively. Moreover, shares of the company have an RSI of 56.87. Sign up today to read free research on ACE at:
First American Financial Corp.'s stock edged 0.58% higher, to close the day at $27.72. The stock recorded a trading volume of 0.77 million shares, which is at par with the three months average volume. The stock oscillated between $27.40 and $27.75 during the session. Over the last one month and over the past three months, First American Financial Corp.'s shares have gained 6.94% and 3.55%, respectively. However, the stock has lost 1.70% since from the beginning of 2014. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $26.73 is above its 200-day moving average of $25.49. Additionally, the stock traded at a PE ratio of 17.66 and has an RSI of 62.40. Sign up today to read free research on FAF at:
On Friday, shares in Axis Capital Holdings Ltd recorded a trading volume of 0.59 million shares, lower than its three months average volume of 0.72 million shares. The stock ended the day at $44.89, which was 0.67% above its previous day's closing of $44.59, and registered an intraday range of $44.21 and $44.98. Shares of the company traded at a PE ratio of 9.31. Although Axis Capital Holdings Ltd's shares have gained 2.30% in the previous three months, it has declined 3.15% in the last one month and 5.63% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $45.70 and $45.37, respectively. Furthermore, shares of the company have an RSI of 42.88. Sign up today to read free research on AXS at:
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