Insurance Stocks Technical Reports -- Hartford Financial Services, Progressive, XL Group, and MBIA Inc.

Sep 12, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, September 12, 2016 /PRNewswire/ -- has the following Property and Casualty Insurance companies under its radar ahead of today's trading session: The Hartford Financial Services Group Inc. (NYSE: HIG), Progressive Corp. (NYSE: PGR), XL Group Ltd (NYSE: XL), and MBIA Inc. (NYSE: MBI). According to reinsurance company Swiss Re's global insurance outlook released earlier this year, demand for non-life insurance is expected to see an 8% to 9% annual gain in the emerging markets in 2016 and 2017.  Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

The Hartford Financial Services Group  

Last Friday, Hartford, Connecticut headquartered The Hartford Financial Services Group Inc.'s stock climbed 0.17%, to close the day at $41.05. A total volume of 4.02 million shares was traded, which was above their three months average volume of 2.99 million shares. The Company's shares have advanced 2.47% in the last month and are trading 1.34% below their 50-day moving average. Additionally, shares of Hartford Financial Services Group, which through its subsidiaries, provides insurance and financial services to individual and business customers in the US, have a Relative Strength Index (RSI) of 52.44.

On September 9th, 2016, Hartford announced the hiring of John Wilcox as chief strategy and ventures officer, effective September 12th, 2016. In this newly created position, Wilcox will lead Hartford's efforts to identify and capitalize on new opportunities to drive growth through innovation and improve operating capabilities. He will report directly to Chairman and CEO Christopher Swift. Since 2012, Wilcox has served as president and chief operating officer at Risk Strategies Company, a national insurance brokerage firm. Visit us today and access our complete research report on HIG at:


Shares in Mayfield Village, Ohio headquartered Progressive Corp. saw a decline of 2.38%, finishing Friday's session at $31.24. The stock recorded a trading volume of 3.38 million shares, which was above its three months average volume of 2.53 million shares. The Company's shares have gained 1.11% on an YTD basis. The stock is trading below its 200-day moving average by 3.23%. Furthermore, 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 23.00.

On September 07th, 2016, The Generali Group and The Progressive Group of Insurance Companies, entered into an R&D collaboration to improve their individual data analytics capabilities and foster product offering. Under the agreement the two groups will share knowledge in telematics to benefit from synergies of scope, scale and expertise. The complimentary report on PGR can be downloaded at:

XL Group  

Hamilton, Bermuda-based XL Group Ltd's stock finished 2.64% lower at $34.29 and with a total volume of 2.02 million shares traded. The Company's shares have advanced 2.11% in the past month and 2.98% in the previous three months. The stock is trading above its 50-day moving average by 2.50%. Additionally, shares of XL Group, which through its subsidiaries, operates as an insurance and reinsurance company, have an RSI of 52.85.

On September 07th, 2016, XL Catlin, the global brand used by XL Group ltd.'s insurance and reinsurance companies, announced that it has extended its global property insurance capacity to USD 400 million, a more than 25% increase from its previous USD 300 million capacity. XL Catlin's enhanced capacity is available on a quota share or layered basis to meet a wide variety of commercial businesses and industries' global and domestic property insurance needs. Register for free on and access the latest research report on XL at:

MBIA Inc. 

Shares in Purchase, New York headquartered MBIA Inc. ended the session 1.49% lower at $7.93 with a total volume of 1.18 million shares traded. The stock has advanced 11.53% over the previous three months and 22.38% on an YTD basis. The Company's shares are trading 0.66% above their 50-day moving average and 8.10% above their 200-day moving average. Moreover, shares of MBIA Inc., which provides financial guarantee insurance services to public finance markets in the US and internationally, have an RSI of 47.43.

On August 9th, 2016, MBIA reported a consolidated GAAP net loss of $27 million, or $0.20 per diluted share, for Q2 2016 compared to consolidated net income of $64 million, or $0.36 per diluted share, for Q2 2015. Book Value per share was $26.88 as of June 30th, 2016 compared to $24.61 as of December 31st, 2015. The Company also reported Combined Operating Income of $15 million, or $0.12 per diluted share, for Q2 2016 compared to Combined Operating Income of $19 million, or $0.11 per diluted share, for Q2 2015. Get free access to your research report on MBI at:


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