NEW YORK, June 6, 2017 /PRNewswire/ --
DailyStockTracker.com draws investors' attention to four Property and Casualty (P&C) Insurance firms, namely: American International Group Inc. (NYSE: AIG), Berkshire Hathaway Inc. (NYSE: BRK-B), MGIC Investment Corp. (NYSE: MTG), and The Progressive Corp. (NYSE: PGR). According to a new study by Conning, the P&C Insurance sector will likely continue to be fueled by strong fundamentals this year: an overabundance of capital, fewer organic opportunities in a soft market, and pressure on expense ratios and earnings. Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member's area at:
On Monday, shares in New York-based American International Group Inc. saw a slight decline of 0.64%, ending the day at $63.83. The stock recorded a trading volume of 3.25 million shares. The Company's shares have advanced 1.85% in the last one month and 0.08% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.74% and 2.41%, respectively. Moreover, shares of American International, which provides insurance products for commercial, institutional, and individual customers primarily in the US, Europe, and Japan, have a Relative Strength Index (RSI) of 61.32.
On June 01st, 2017, American International announced that it will provide a live webcast of the 2017 Annual Meeting of Shareholders on June 28th, 2017, starting at 11:00 a.m. EDT. The webcast will be available under the Investor Relations section of the Company's website. AIG complete research report is just a click away and free at:
Shares in Omaha, Nebraska-based Berkshire Hathaway Inc. ended the day 0.14% higher at $166.52 with a total trading volume of 2.30 million shares. In the last month and on an YTD basis, the stock has gained 0.11% and 2.17%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 0.65% and 4.43%, respectively. Furthermore, shares of Berkshire Hathaway, which through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business, have an RSI of 57.13.
On May 11th, 2017, Business Wire, a Berkshire Hathaway company, announced that viewers can catch the latest Quick Biz Hits, and see what brands are using Star Power, on the latest BizWireTV, its weekly digital video news program. Watch BizWireTV and the latest breakthroughs in tech from the biggest brands on any screen by downloading the new app through Apple TV and iPhone App Store, or Google Play for Android devices. The complimentary report on BRK-B can be downloaded at:
At the close of trading on Monday, shares in Milwaukee, Wisconsin headquartered MGIC Investment Corp. finished 2.59% lower at $10.52 with a total trading volume of 2.31 million shares. The stock has advanced 3.24% on an YTD basis. The Company's shares are trading above their 200-day moving average by 8.69%. Additionally, shares of MGIC Investment, which through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the US, have an RSI of 47.98.
On May 16th, 2017, Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment, announced the availability of mortgage insurance through Savana, Inc.'s Loan Origination System, nGage/Mortgage. Through the MISMO-based integration, nGage/Mortgage customers can order MGIC rate quotes as well as order delegated and non-delegated mortgage insurance. This integration - unique to Savana and MGIC - also helps customers simplify the non-delegated process by allowing them to submit loan documents to MGIC without leaving the platform. Sign up for your complimentary research report on MTG at:
Mayfield Village, Ohio headquartered The Progressive Corp.'s shares recorded a trading volume of 1.91 million shares at the end of yesterday's session. The stock closed the day 0.05% lower at $43.06. The Company's shares have advanced 6.66% in the past month, 9.26% in the previous three months, and 21.30% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.99% and 19.53%, respectively. Additionally, shares of Progressive, which through its subsidiaries, provides personal and commercial property-casualty insurance, and other specialty property-casualty insurance and related services primarily in the US, have an RSI of 75.54.
On May 12th, 2017, Progressive's Board of Directors approved a new authorization for the Company to repurchase up to 25 million of its Common Shares. This authorization replaces the shares that remained under the Board's June 2011 authorization, which was also terminated on May 12th, 2017. The new authorization does not have an expiration date.
On May 18th, 2017, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold' while revising its previous target price from $35 a share to $40 a share. Get free access to your research report on PGR at:
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