Philadelphia, Pennsylvania headquartered Radian Group Inc.'s shares finished Monday's trading session flat at $18.14. A total volume of 2.03 million shares was traded. The stock has advanced 0.28% in the past month, 30.34% over the previous three months, and 0.89% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 7.46% and 32.32%, respectively. Moreover, shares of Radian Group, which through its subsidiaries, provides mortgage and real estate products and services in the US, have a Relative Strength Index (RSI) of 59.16.
On January 26th, 2016, Radian reported net income of $61.1 million, or $0.27 per diluted share, for Q4 2016, which included a net loss on investments and other financial instruments of $38.8 million. This compared to net income of $74.5 million, or $0.32 per diluted share, which included a net loss on investments and other financial instruments of $13.4 million for Q4 2015. The Company's new mortgage insurance written was $13.9 billion for Q4 2016 compared $9.1 billion in Q4 2015. See our free and comprehensive research report on RDN at:
Hartford Financial Services
On Monday, shares in Hartford, Connecticut headquartered The Hartford Financial Services Group Inc. recorded a trading volume of 3.21 million shares, which was above their three months average volume of 2.54 million shares. The stock ended the session 0.06% higher at $48.96. The Company's shares have gained 2.58% in the last one month, 14.12% in the previous three months, and 2.75% since the start of this year. The stock is trading 2.14% above its 50-day moving average and 10.99% above its 200-day moving average. Furthermore, shares of Hartford Financial Services Group, which through its subsidiaries, provides insurance and financial services to individual and business customers in the US, have an RSI of 59.08.
On January 03rd, 2017, Hartford announced that it has entered into a definitive agreement effective December 31st, 2016, with National Indemnity Company, a subsidiary of Berkshire Hathaway Inc., for a $1.5 billion aggregate excess of loss reinsurance agreement covering certain of The Hartford's asbestos and environmental liability exposures. The reinsurance premium for this agreement is $650 million.
On January 06th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. HIG free research report PDF is just a click away at:
Shares in Hamilton, Bermuda-based XL Group Ltd closed at $37.42, down 1.03% from the last trading session. The stock recorded a trading volume of 1.69 million shares. The Company's shares have gained 11.77% in the previous three months and 0.43% on an YTD basis. The stock is trading 0.93% and 8.93% above its 50-day and 200-day moving averages, respectively. Additionally, shares of XL Group, which through its subsidiaries, operates as an insurance and reinsurance company, have an RSI of 51.80.
On January 23rd, 2017, XL Catlin, the global brand used by XL Group's insurance and reinsurance companies, announced that it has received final approval from the Insurance Regulatory Development Authority of India to open an onshore reinsurance branch office of XL Insurance Company SE in India. The operation, which will be based in Mumbai and provide treaty and facultative reinsurance, will be led by Joseph Augustine as branch CEO. It is planned to be open for business in time for the important April 01st renewal period. Sign up for your complimentary report on XL at:
At the closing bell yesterday, shares in Purchase, New York headquartered MBIA Inc. ended 2.26% lower at $10.38. A total volume of 1.75 million shares was traded, which was higher than their three months average volume of 1.46 million shares. The stock has surged 30.73% in the previous three months. The Company's shares are trading above their 200-day moving average by 23.04%. Furthermore, shares of MBIA, which provides financial guarantee insurance services to public finance markets in the US and internationally, have an RSI of 38.34.
As per a SEC filing dated January 10th, 2017, MBIA announced that its wholly-owned subsidiary, MBIA Insurance Corporation, has consummated two previously announced transactions. The transactions were subject to various regulatory approvals, which were obtained. Register for free on Stock-Callers.com and download the latest research report on MBI at:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA