Research Report on Insurance Equities -- MGIC Investment, American Intl., Berkshire Hathaway, and Radian

Sep 08, 2016, 07:42 ET from Chelmsford Park SA

NEW YORK, September 8, 2016 /PRNewswire/ --

Property and Casualty Insurance companies cover risks related to loss or damage of properties such as houses, cars, and other valuable personal assets. As per a 2016 outlook report by EY on the US Property and Casualty Insurance sector, 2016 will be a year of ongoing disruptive changes for the industry. looks at how the following equities have fared over the last few trading sessions: MGIC Investment Corp. (NYSE: MTG), American International Group Inc. (NYSE: AIG), Berkshire Hathaway Inc. (NYSE: BRK-B), and Radian Group Inc. (NYSE: RDN). Learn more about these stocks by accessing their free research reports at:

MGIC Investment  

On Wednesday, shares in Milwaukee, Wisconsin headquartered MGIC Investment Corp. recorded a trading volume of 3.65 million shares. The stock ended the session 1.74% higher at $8.18. The Company's shares have gained 9.65% in the last one month and 21.73% in the previous three months. The stock is trading 15.38% above its 50-day moving average and 11.16% above its 200-day moving average. Moreover, shares of MGIC Investment, which through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the US, have a Relative Strength Index (RSI) of 72.71.

As per the Company's filing with SEC, on August 5th, 2016, MGIC Investment completed its public offering of $425,000,000 aggregate principal amount of its 5.750% senior notes due 2023. The Notes are the Company's unsecured senior obligations. The Notes will pay interest semi-annually on February 15th and August 15th of each year at a rate of 5.750% per year, and will mature on August 15th, 2023. Free research report on MTG is available at:

American Intl. Group  

New York-based American International Group Inc.'s stock closed the day 0.13% lower at $59.37 with a total trading volume of 4.47 million shares. The Company's shares have advanced 4.89% in the previous three months. The stock is trading 5.81% above its 50-day moving average and 6.48% above its 200-day moving average. Additionally, shares of American International Group, which provides insurance products and services for commercial, institutional, and individual customers in the Americas, the Asia Pacific, Europe, the Middle East, and Africa, have an RSI of 63.70.

On August 11th, 2016, research firm Deutsche Bank reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $59 a share to $61 a share.

On September 3rd, 2016, Reuters reported that American International Group is seeking to raise about $190 million by selling its remaining shares in China's PICC Property and Casualty Co. As per the article, AIG is offering 111 million shares at a floor price of HK$13.39 each, representing 0.5% discount to PICC Property and Casualty's last traded price. AIG has been steadily selling down its stake in PICC over the past two years and has raised about $2.6 billion prior to Saturday's trade. The complimentary research report on AIG can be downloaded at:

Berkshire Hathaway  

Shares in Omaha, Nebraska-based Berkshire Hathaway Inc. recorded a trading volume of 2.43 million shares. The stock ended yesterday's trading session 0.57% lower at $149.58. The Company's shares have advanced 2.76% in the past month, 4.95% over the previous three months, and 13.28% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.51% and 7.42%, respectively. Furthermore, shares of Berkshire Hathaway, which through its subsidiaries, primarily engages in the insurance and reinsurance of property and casualty risks business, have an RSI of 59.91.

On August 5th, 2016, Berkshire Hathaway reported net income of $5 billion for the three months ended on June 30th, 2016, which was higher from net income of $4.01 billion in Q2 2015. Operating profit rose 18% to $4.61 billion from $3.89 billion in the year ago period. Visit us today and access our complete research report on BRK-B at:

Radian Group  

Philadelphia, Pennsylvania headquartered Radian Group Inc.'s stock finished Wednesday's session 0.65% higher at $13.92 with a total trading volume of 1.60 million shares. The Company's shares have advanced 7.10% in the last one month, 17.99% over the previous three months, and 4.04% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.40% and 14.84%, respectively. Additionally, shares of Radian Group, which through its subsidiaries, provides mortgage and real estate products and services in the US, have an RSI of 72.50.

On August 25th, 2016, Radian Group announced the appointment of Jeff Tennyson as president of Clayton Holdings LLC, Radian's principal mortgage and real estate services business. Tennyson has served as interim president of Clayton since March 2016, with responsibility for the overall operating results of Clayton's business lines. Get free access to your research report on RDN at:


Stock Callers: 

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. 


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 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. 


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

CONTACT 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: 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