NEW YORK, March 15, 2017 /PRNewswire/ --
Stock-Callers.com directs investors' attention to American International Group Inc. (NYSE: AIG), MGIC Investment Corp. (NYSE: MTG), Berkshire Hathaway Inc. (NYSE: BRK-B), and The Progressive Corp. (NYSE: PGR). According to Fitch Ratings, the outlook for Property and Casualty Insurance companies in the US is stable and not likely to change in the next 11 months. From a profit perspective, going forward is a continuation of a trend seen over the past two years; pricing has been declining. Learn more about these stocks by downloading their free report at:
New York-based American International Group Inc.'s stock finished Tuesday's session 0.47% lower at $62.88 with a total trading volume of 5.13 million shares. The Company's shares are trading 5.08% above their 200-day moving average. Shares of the Company, which provides insurance products for commercial, institutional, and individual customers primarily in the US, Europe, and Japan, have a Relative Strength Index (RSI) of 42.93.
On February 17th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $72 a share to $71 a share.
On March 13th, 2017, American International announced that in accordance with the terms of the outstanding warrants to purchase shares of AIG common stock, par value $2.50 per share, the Warrant exercise price will be reduced to $44.2948 per share from $44.4305 per share and the number of shares of AIG's common stock receivable upon Warrant exercise will increase to 1.016 from 1.013. Each of these adjustments will be effective at the close of business on March 15th, 2017. The free research report on AIG is available at:
On Tuesday, shares in Milwaukee, Wisconsin headquartered MGIC Investment Corp. recorded a trading volume of 1.96 million shares. The stock ended the session 0.56% lower at $10.59. The Company's shares have advanced 4.13% in the previous three months and 3.93% on an YTD basis. The stock is trading 23.60% 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 an RSI of 49.07.
On March 08th, 2017, MGIC Investment issued a February 2017 Operational Summary of the primary mortgage insurance of its insurance subsidiaries. The Company had $182.9 billion of Insurance in Force, up 4.6% compared to February 2016. For February 2017, the Company had Ending Primary Delinquent Inventory or 48,616 number of loans, down 19.3% compared to February 2016 number of 60,242. The complimentary report on MTG can be downloaded at:
Omaha, Nebraska-based Berkshire Hathaway Inc.'s shares closed the day 0.38% lower at $174.73. The stock recorded a trading volume of 2.97 million shares. The Company's shares have gained 6.54% in the last month, 5.99% over the previous three months, and 7.21% on an YTD basis. The stock is trading 5.05% and 14.21% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Berkshire Hathaway, which through its subsidiaries, the firm primarily engages in the insurance and reinsurance of property and casualty risks business, have an RSI of 68.22.
On March 06th 2017, Berkshire Hathaway Specialty Insurance Company announced that it has introduced Group Personal Accident, Corporate Travel, and Expatriate Medical Insurance in Singapore and Hong Kong. The Company also named Kok Leong Koo as Underwriting Manager, Accident & Health, based in Singapore, and Janus Law as Assistant Vice President, Accident & Health based in Hong Kong. Visit us today and download our complete research report on BRK-B for free at:
Shares in Mayfield Village, Ohio headquartered The Progressive Corp. finished 0.20% higher at $39.76. The stock recorded a trading volume of 2.14 million shares. The Company's shares have advanced 5.58% in the last one month, 18.17% in the previous three months, and 14.07% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.57% and 18.96%, respectively. 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 71.86.
On February 17th, 2017, Progressive announced that its Board of Directors took the following actions: fixed the close of business on March 17th, 2017, as the record date for the determination of shareholders entitled to notice of, and to vote at, the Annual Meeting of Shareholders scheduled to be held on May 12th, 2017; and elected Daniel P. Mascaro as its new Chief Legal Officer, Secretary, and Vice President effective March 01st, 2017, after the retirement of Charles E. Jarrett. Mr. Jarrett has held these positions since joining Progressive in 2000. Get free access to your technical report on PGR at:
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