Insurance Stocks Under Scanner -- Allstate, Old Republic, Travelers, and Chubb
NEW YORK, January 17, 2017 /PRNewswire/ --
Stock-Callers.com shifts focus on the recent performances of these four insurance stocks: The Allstate Corp. (NYSE: ALL), Old Republic International Corp. (NYSE: ORI), The Travelers Cos. Inc. (NYSE: TRV), and Chubb Ltd (NYSE: CB). According to EY's 2017 US Property and Casualty Insurance outlook, the Property and Casualty (P&C) market is expected to face ongoing economic challenges marked by greater uncertainty this year, as Donald Trump's victory has raised questions about the future of the nation's economy. Additionally, Munich Re predicts real premium growth in the North American P&C market to decline to just over 1.5% in 2017 from roughly 4% in 2015. You can access our complimentary research reports on these stocks now at:
http://stock-callers.com/registration
Allstate
Last Friday, shares in Northbrook, Illinois headquartered The Allstate Corp. ended the session 0.29% higher at $73.89. The stock recorded a trading volume of 1.22 million shares. The Company's shares have advanced 1.32% in the last month and 7.44% over the previous three months. The stock is trading 2.98% above its 50-day moving average and 7.97% 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 56.13.
On January 04th, 2017, Allstate announced that it has obtained all required regulatory approvals and closed its acquisition of SquareTrade, a consumer protection plan provider that distributes through many of America's major retailers.
On January 10th, 2017, research firm Goldman upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit us today and download your complete report on ALL for free at:
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Old Republic
Chicago, Illinois-based Old Republic International Corp.'s stock gained 0.16%, to close the day at $18.98 with a total trading volume of 1.76 million shares. The Company's shares have advanced 2.93% in the past month and 5.51% in the previous three months. The stock is trading 4.77% and 3.80% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Old Republic International, which through its subsidiaries, engages in the insurance underwriting and related services business primarily in the US and Canada, have an RSI of 56.53.
On January 12th, 2017, Old Republic International announced that it will hold a conference call on January 26th, 2017 at 3:00 p.m. ET to discuss Q4 2016 and FY16 results. The complimentary research report on ORI can be accessed at:
http://stock-callers.com/registration/?symbol=ORI
Travelers
Shares in New York-based The Travelers Cos. Inc. recorded a trading volume of 1.54 million shares at the close of the last trading session. The stock ended the day 0.26% higher at $117.05. The Company's shares have advanced 2.32% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 1.48% and 2.81%, respectively. Furthermore, 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 40.81.
On December 08th, 2016, Travelers Cos. announced that it will review its Q4 2016 and FY16 results at 9 a.m. ET on January 24th, 2017 following the release of results earlier that morning.
On January 10th, 2017, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. Register for free on Stock-Callers.com and download the PDF research report on TRV at:
http://stock-callers.com/registration/?symbol=TRV
Chubb
Zurich, Switzerland headquartered Chubb Ltd's shares finished Friday's session 0.35% higher at $130.25. A total volume of 1.06 million shares was traded. The stock has advanced 4.02% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 0.77% and 3.34%, respectively. Furthermore, shares of Chubb, which through its subsidiaries, provides property and casualty insurance and reinsurance products worldwide, have an RSI of 44.90.
On December 21st, 2016, Chubb announced that an expanded suite of cyber loss mitigation services is now available to help Chubb's US and Canadian policyholders reduce the impact and likelihood of a cyber incident. Chubb's expanded suite of cyber services for loss mitigation includes Password Defense, Online Cyber Education, and Premier Cyber Partner Network. Password Defense helps improve cyber security by making it easier for employees to create and use stronger passwords. With the new security awareness training offering, Chubb's cyber policyholders have access to two online cyber education courses that can be quickly and easily deployed to educate employees. All Chubb commercial policyholders now have access to a preferred panel of pre-qualified cyber risk service providers. The partner network was formed to address key security and privacy concerns that were identified following an analysis of Chubb's proprietary loss data. Get free access to your research report on CB at:
http://stock-callers.com/registration/?symbol=CB
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