How These Financial Stocks are Faring? -- Realogy, AXIS Capital, Sun Life Financial, and Third Point Reinsurance
NEW YORK, May 12, 2017 /PRNewswire/ --
The Financial sector includes firms that provide financial services to commercial and retail customers. The sector includes banks, investment funds, insurance companies, and real estate. Ahead of today's trading session, Stock-Callers.com scans the performances of four equities within this space: Realogy Holdings Corp. (NYSE: RLGY), AXIS Capital Holdings Ltd (NYSE: AXS), Sun Life Financial Inc. (NYSE: SLF), and Third Point Reinsurance Ltd (NYSE: TPRE). Register now and get full and free access to our downloadable research reports on these stocks at:
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Realogy
On Thursday, shares in Madison, New Jersey headquartered Realogy Holdings Corp. recorded a trading volume of 1.07 million shares. The stock ended flat at $30.85. The Company's shares have gained 5.72% in the last one month, 19.50% over the previous three months, and 20.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.90% and 15.80%, respectively. Furthermore, shares of Realogy, which provides real estate services, have a Relative Strength Index (RSI) of 61.49.
On May 05th, 2017, research firm Deutsche Bank upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $32 a share to $38 a share.
On May 09th, 2017, Realogy announced that Alex Perriello, the Chairman Emeritus of the Realogy Franchise Group, was one of three business leaders to receive the inaugural Visionary Award from the Swanepoel T3 Group. Mr. Perriello was recognized for his significant impact on the residential real estate industry, along with award co-recipients Dale Stinton, the CEO of the National Association of REALTORS®, and Spencer Rascoff, the CEO of Zillow Group. Access our complete research report on RLGY for free at:
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AXIS Capital
Pembroke, Bermuda headquartered AXIS Capital Holdings Ltd's stock finished yesterday's session 1.02% lower at $63.76 with a total trading volume of 381,893 shares. The Company's shares are trading above their 200-day moving average by 3.71%. Shares of the Company, which through its subsidiaries, provides various specialty insurance and reinsurance products worldwide, have an RSI of 30.19.
On May 10th, 2017, AXIS Capital announced that CFO Joseph Henry will retire at the conclusion of 2017, following an accomplished career that included the past five years as CFO. The Company announced that current AXIS Insurance COO, Peter Vogt, will become CFO, effective January 01st, 2018. Mr. Vogt will be appointed Deputy CFO in July, with the transition process to occur through the end of the year. The complimentary research report on AXS can be downloaded at:
http://stock-callers.com/registration/?symbol=AXS
Sun Life Financial
At the close of trading on Thursday, shares in Toronto, Canada headquartered Sun Life Financial Inc. saw a drop of 1.79%, ending the day at $34.00. The stock recorded a trading volume of 673,888 shares, which was above its three months average volume of 459,920 shares. The Company's shares are trading 3.70% below their 200-day moving average. Moreover, shares of Sun Life Financial, which provides protection and wealth products and services to individuals, businesses, and institutions worldwide, have an RSI of 32.50.
On May 09th, 2017, Sun Life Financial's Board of Directors announced an increase of 4%, or 1.5 cents, per share to the dividend to be paid on its common shares, rising to $0.435 per common share, and payable on June 30th, 2017 to shareholders of record at the close of business on May 31st, 2017.
On May 10th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Register for free on Stock-Callers.com and get access to the latest PDF format report on SLF at:
http://stock-callers.com/registration/?symbol=SLF
Third Point Reinsurance
Pembroke, Bermuda-based Third Point Reinsurance Ltd's shares ended the day 0.81% lower at $12.20. A total volume of 617,124 shares was traded, which was above their three months average volume of 456,230 shares. The stock has gained 2.95% in the last month, 2.95% over the previous three months, and 5.63% on an YTD basis. The Company's shares are trading 1.15% above their 50-day moving average and 0.85% above their 200-day moving average. Additionally, shares of Third Point Reinsurance, which through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies in the Americas, Europe, Middle East, Africa, and Asia, have an RSI of 52.57.
On May 04th, 2017, Third Point Reinsurance announced results for Q1 2017. Net income was $104.2 million, or $0.98 per diluted common share, and diluted book value was $14.04 per share during the quarter. The Company also repurchased 1,532,871 of its common shares in the open market for an aggregate cost of $18.9 million at a weighted average cost, including commissions of $12.32 per share during the three months ended March 31st, 2017.
On May 08th, 2017, research firm Keefe Bruyette upgraded the Company's stock rating from 'Market Perform' to 'Outperform'. Download your free research report on TPRE at:
http://stock-callers.com/registration/?symbol=TPRE
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