Pre-market Insights on Insurance Stocks -- Research on Manulife Financial, Principal Financial, Torchmark, and China Life Insurance Editor Note: For more information about this release, please scroll to bottom.
LONDON, April 15, 2014 /PRNewswire/ --
On Monday, April 14, 2014, the NASDAQ Composite ended at 4,022.69, up 0.57%, the Dow Jones Industrial Average advanced 0.91% to 16,173.24, and the S&P 500 closed at 1,830.61, up 0.82%. The gains were broad based as all the 10 sectors ended the session in positive. The S&P 500 Financials Sector Index finished the day at 289.10, up 0.79%, while the same has lost 1.43% in the last one month. Investor-Edge has initiated coverage on the following equities: Manulife Financial Corp. (NYSE: MFC), Principal Financial Group Inc. (NYSE: PFG), Torchmark Corp. (NYSE: TMK) and China Life Insurance Co. Ltd (NYSE: LFC). Free technical research on MFC, PFG, TMK and LFC can be downloaded upon signing up at:
Manulife Financial Corp.'s stock recorded a trading volume of 1.33 million shares on Monday, as compared with its three month average volume of 1.87 million shares. The stock ended the day at $18.23, down 0.60%, after trading between $18.11 and $18.56. The company's shares have lost 2.57% in the last one month and 7.60% on YTD basis. The stock is trading above its 200-day moving average. Manulife Financial Corp.'s 50-day moving average of $18.96 is above its 200-day moving average of $18.17. Furthermore, shares of the company have a Relative Strength Index (RSI) of 36.40. Sign up today to read free research on MFC at:
On Monday, shares in Principal Financial Group Inc. edged 1.78% higher to close the day at $44.05. A total of 1.55 million shares were traded which is above its three months average volume of 1.44 million shares. The company's shares oscillated between $43.56 and $44.44 during the trading session. Principal Financial Group Inc.'s shares have declined 2.91% in the last one month and 10.67% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. Principal Financial Group Inc.'s 50-day moving average of $45.21 is above its 200-day moving average of $44.94. Further, the company's shares are trading at a PE ratio of 12.37 and have an RSI of 34.71. Sign up today to read free research on PFG at:
Shares in Torchmark Corp. gained 0.14% on Monday, finishing the session at $76.57. The stock recorded a trading volume of 0.42 million shares as compared with its three months average volume of 0.47 million shares. The stock fluctuated between $75.94 and $77.21 during the session. Torchmark Corp.'s shares have fallen by 1.82% in the last one month and 2.02% on YTD basis. The stock is trading above its 200-day moving average. Torchmark Corp.'s 50-day moving average of $77.22 is above its 200-day moving average of $74.16. Moreover, the company's shares are trading at a PE ratio of 13.39 and have an RSI of 40.84. Sign up today to read free research on TMK at:
On Monday, shares in China Life Insurance Co Ltd witnessed a trading volume of 0.26 million shares, as compared with its three month average volume of 0.20 million shares. The stock ended the day at $42.06, up 1.20%, after vacillating between $41.73 and $42.25. Shares in China Life Insurance Co Ltd have advanced 7.79% in the last one month, while the same has gone down by 4.30% in the previous three months and 10.98% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. China Life Insurance Co Ltd's 50-day moving average of $41.72 is above its 200-day moving average of $41.00. Additionally, the company's shares have an RSI of 47.13. Sign up today to read free research on LFC at:
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