NEW YORK, August 16, 2016 /PRNewswire/ --
Stock-Callers.com has selected the following Property and Casualty Insurance equities for review this morning: The Allstate Corp. (NYSE: ALL), The Travelers Cos. Inc. (NYSE: TRV), Loews Corp. (NYSE: L), and First American Financial Corp. (NYSE: FAF). As per German reinsurance company Munich Re Economic Research, premium growth in property and casualty insurance should average to about 4% in the next two years, which is almost in line with global economic growth. Download the free research reports on these stocks today:
Shares in Northbrook, Illinois headquartered The Allstate Corp. ended Monday's session at $69.39, rising 0.38%. The stock recorded a trading volume of 1.54 million shares. The Company's shares have gained 3.23% in the previous three months and 12.89% since the start of this year. The stock is trading 1.50% above its 50-day moving average and 7.24% above its 200-day moving average. Moreover, shares of Allstate, which together with its subsidiaries, engages in property-liability insurance and life insurance business in the US and Canada, have a Relative Strength Index (RSI) of 59.18.
On August 3rd, 2016, Allstate reported total revenue of $9.2 billion in Q2 2016 increased by 2.0% compared to the prior year quarter, as higher insurance premiums outweighed declines in net investment income and realized capital gains. Net investment income was 3.4% lower than Q2 2015, and realized capital gains were $24 million, compared to $108 million in the prior year quarter.
On August 04th, 2016, research firm Deutsche Bank reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $77 a share to $78 a share. See our free and comprehensive research report on ALL at:
New York-based The Travelers Cos. Inc.'s stock saw a slight drop of 0.14%, closing the day at $118.35 and with a total volume of 1.03 million shares traded. The Company's shares have advanced 6.06% in the previous three months and 6.07% on an YTD basis. The stock is trading 1.99% and 5.84% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Travelers Cos., which through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the US and internationally, have an RSI of 58.25.
On July 21st, 2016, Travelers reported net income of $664 million, or $2.24 per diluted share, for the quarter ended June 30, 2016, compared to $812 million, or $2.53 per diluted share, in the prior year's quarter. Operating income in the reported quarter was $649 million, or $2.20 per diluted share, compared to $806 million, or $2.52 per diluted share, in the prior year's quarter.
On July 22nd, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $120 a share to $125 a share. TRV free research report PDF is just a click away at:
On Monday, shares in New York headquartered Loews Corp. recorded a trading volume of 472,393 shares. The stock ended the day 0.66% higher at $41.33. The Company's shares have gained 3.93% over the previous three months and 7.98% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 1.95% and 7.48%, respectively. Furthermore, shares of Loews, which through its subsidiaries, provides commercial property and casualty insurance in the US, Canada, the UK, Continental Europe, and Singapore, have an RSI of 56.35.
On August 9th, 2016, Loews announced the quarterly dividend of $0.0625 per share of Common Stock, payable September 13th, 2016 to shareholders of record on August 31st, 2016. Sign up for your complimentary report on L at:
First American Financial
Santa Ana, California headquartered First American Financial Corp.'s rose 0.56%, finishing yesterday's session at $41.16 and with a total volume of 344,760 shares traded. The Company's shares have advanced 11.40% in the previous three months and 16.23% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.68% and 10.90%, respectively. Additionally, shares of First American Financial, which through its subsidiaries, provides financial services, have an RSI of 54.36.
On July 26th, 2016, Ellie Mae® announced an enhanced integration with First American Title Insurance Company, the largest subsidiary of First American Financial Corp., to enable rate and fee quoting, title and settlement ordering, and collaboration on Closing Disclosure Forms directly from Ellie Mae's Encompass, all-in-one mortgage management solution. Register for free on Stock-Callers.com and download the latest research report on FAF 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 [email protected]. 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:
Email: [email protected]
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