NEW YORK, October 12, 2016 /PRNewswire/ --
Stock-Callers.com has issued research reports on the following Property and Casualty Insurance firms: Loews Corp. (NYSE: L), AmTrust Financial Services Inc. (NASDAQ: AFSI), Maiden Holdings Ltd (NASDAQ: MHLD), and AXIS Capital Holdings Ltd (NYSE: AXS). These companies are involved in underwriting insurance policies that protect consumers and businesses from losses and liabilities due to personal injuries and property damages. According to reinsurance company Swiss Re, the demand for non-life insurance should see an annual gain of 8% to 9% in emerging markets in 2016 and 2017. Sign up today and download for free the research reports for the stocks covered today at:
On Tuesday, New York headquartered Loews Corp.'s stock recorded a trading volume of 585,599 shares, and ended the session 0.89% lower at $41.18. The Company's shares have gained 0.08% in the previous three months and 7.76% on an YTD basis. The stock is trading 0.26% above its 50-day moving average and 5.16% above its 200-day moving average. Moreover, shares of Loews, which through its subsidiaries, provides commercial property and casualty insurance in the US, Canada, the UK, Continental Europe, and Singapore, have a Relative Strength Index (RSI) of 52.40.
On October 11th, 2016, Loews announced that it will report Q3 2016 financial results on October 31st, 2016. A conference call for analysts and investors will begin at 11:00 a.m. ET and will be hosted by the Company's chief executive officer, James S. Tisch, and chief financial officer, David B. Edelson. Complete research report is just a click away at:
AmTrust Financial Services
New York-based AmTrust Financial Services Inc.'s stock closed the day 2.09% higher at $27.36. A total volume of 873,370 shares was traded, which was above their three months average volume of 721,980 shares. The Company's shares have advanced 3.09% in the past one month and 11.25% over the previous three months. The stock is trading 4.98% above its 50-day moving average and 6.32% above its 200-day moving average. Additionally, shares of AmTrust Financial Services, which through its subsidiaries, underwrites and provides property and casualty insurance in the US and internationally, have an RSI of 67.02.
On September 27th, 2016, AmTrust Financial Services announced that it has closed its previously announced underwritten public offering of 11,500,000 of its depositary shares, each representing a 1/40th interest in a share of its newly-designated 6.95% Non-Cumulative Preferred Stock, Series F, at a public offering price of $25.00 per Depositary Share, for gross proceeds of $287.5 million. The Company expects to use the net proceeds of the offering for general corporate purposes. AmTrust Financial Services has filed an application to list the Depositary Shares for trading on the NYSE under the symbol "AFSI PR F". The complimentary report on AFSI can be downloaded at:
Shares in Hamilton, Bermuda headquartered Maiden Holdings Ltd recorded a trading volume of 281,380 shares, and ended yesterday's trading session 0.52% lower at $13.31. The stock has advanced 4.80% in the previous three months. The Company's shares are trading above their 200-day moving average by 1.97%. Furthermore, shares of Maiden Holdings, which together with its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the US, Europe, and internationally, have an RSI of 53.33.
As per notes filed with the SEC on September 7th, 2016, A.M. Best Company on September 1st, 2016, upgraded the financial strength rating to A from A- and the issuer credit ratings to "a" from "a-" for Maiden Holdings, Ltd. subsidiaries Maiden Reinsurance Ltd. and Maiden Reinsurance North America, Inc. A.M. Best also has upgraded the ICRs to "bbb" from "bbb-" for Maiden Holdings and its subsidiary, Maiden Holdings North America, Ltd., whose debt is fully and unconditionally guaranteed by Maiden Holdings. Sign up for your complimentary report on MHLD at:
Pembroke, Bermuda headquartered AXIS Capital Holdings Ltd's stock finished Tuesday's session 0.36% lower at $55.87 with a total trading volume of 431,671 shares. The Company's shares have advanced 0.75% in the last one month, 4.61% over the previous three months, and 1.34% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.94% and 3.65%, respectively. Additionally, shares of AXIS Capital Holdings, which together with its subsidiaries, provides specialty lines insurance and treaty reinsurance products worldwide, have an RSI of 55.78.
On September 26th, 2016, the company announced that it expects to release financial results for Q3 ended September 30th, 2016 on October 26th, 2016, after the close of the financial markets. Albert Benchimol, President and CEO, and Joseph C. Henry, CFO, will host an investor teleconference, including a question and answer period, on October 27th, 2016, at 10:00 a.m. ET to discuss the results as well as related matters. Download the research report for free on AXS at:
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