NEW YORK, February 22, 2017 /PRNewswire/ --
The Property and Casualty Insurance space differs from many other sectors, due to their unique income, balance sheet, and cash flow statements, which are relative to those of the average industrial company. Pre-market, Stock-Callers.com has lined up for review the following stocks: The Allstate Corp. (NYSE: ALL), The Travelers Cos. Inc. (NYSE: TRV), Old Republic International Corp. (NYSE: ORI), and Chubb Ltd (NYSE: CB). Learn more about these stocks by downloading their comprehensive and free reports at:
On Tuesday, shares in Northbrook, Illinois headquartered The Allstate Corp. recorded a trading volume of 2.44 million shares, which was above their three months average volume of 2.04 million shares. The stock ended at $80.62, rising 0.22% from the last trading session. The Company's shares have gained 8.16% in the last one month, 12.83% over the previous three months, and 8.77% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.13% and 15.41%, respectively. Furthermore, shares of Allstate, which together with its subsidiaries, engages in property-liability insurance and life insurance business in the US and Canada, have a Relative Strength Index (RSI) of 80.09.
On February 13th, 2017, Transwestern Development Co. and its co-investor Allstate announced the acquisition of a 3.2-acre site at 1314 N. Third St. in Phoenix, where they plan to develop a 345-unit multifamily community. The project, tentatively called City Center on the Park, is scheduled to break ground in March 2017 with the first units expected to deliver in the summer of 2018. ALL complete research report is just a click away and free at:
New York-based The Travelers Cos. Inc.'s stock finished yesterday's session 0.33% lower at $121.55 with a total trading volume of 1.25 million shares. The Company's shares have gained 2.99% in the last one month and 9.96% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.83% and 5.96%, respectively. Furthermore, shares of Travelers Cos., which through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the US and internationally, have an RSI of 64.71.
On January 24th, 2017, Travelers reported net income of $943 million, or $3.28 per diluted share, for Q4 2016 compared to $866 million, or $2.83 per diluted share, in Q4 2015. The Company's operating income in Q4 2016 was $919 million, or $3.20 per diluted share, compared to $886 million, or $2.90 per diluted share, in Q4 2015. These increases were primarily driven by the benefit from the settlement of a reinsurance dispute and higher net investment income.
On February 13th, 2017, research firm FBR & Co. downgraded the Company's stock rating from 'Outperform' to 'Market Perform', with a target price of $119 per share. The complimentary report on TRV can be downloaded at:
At the closing bell on Tuesday, shares in Chicago, Illinois-based Old Republic International Corp. climbed 0.78%, ending the day at $20.79. The stock recorded a trading volume of 1.09 million shares. The Company's shares have advanced 8.11% in the last one month, 18.24% in the previous three months, and 9.42% on an YTD basis. The stock is trading 6.24% above its 50-day moving average and 11.76% above its 200-day moving average. Moreover, shares of Old Republic International, which through its subsidiaries, engages in the insurance underwriting and related services business primarily in the US and Canada, have an RSI of 67.22.
On February 17th, 2017, Old Republic Construction Program Group Inc., the specialty contractor insurance division of Old Republic General Insurance Corporation, announced that it is changing its name to Old Republic Contractors Insurance Group, Inc. The new name more clearly describes the Company's focus as a specialty underwriter of contractors insurance exposures. The name also retains its identity with the ultimate parent company, Old Republic International Corporation. Sign up for your complimentary research report on ORI at:
Zurich, Switzerland headquartered Chubb Ltd's stock ended the day 0.40% higher at $136.73 with a total trading volume of 1.32 million shares. The Company's shares have gained 4.05% in the last month, 9.09% over the previous three months, and 3.49% on an YTD basis. The stock is trading 3.50% above its 50-day moving average and 7.12% above its 200-day moving average. Additionally, shares of Chubb, which through its subsidiaries, property and casualty insurance and reinsurance products worldwide, have an RSI of 70.70.
On February 13th, 2017, Chubb announced that its new suite of multiline cyber peril endorsements for the Global Cyber Facility helps risk managers address exposure gaps in their insurance portfolio and enables them to confidently respond to the concerns of their C-Suite and Board. Get free access to your research report on CB at:
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SOURCE Chelmsford Park SA