NEW YORK, December 8, 2016 /PRNewswire/ --
Stock-Callers.com directs investors' attention to four Property and Casualty Insurance equities ahead of today's trading session: American International Group Inc. (NYSE: AIG), MGIC Investment Corp. (NYSE: MTG), Berkshire Hathaway Inc. (NYSE: BRK-B), and Radian Group Inc. (NYSE: RDN). On November 30th, 2016, Reuters reported that Fitch changed its fundamental sector outlook for the U.S Property and Casualty Insurance industry to negative from stable due to recent declines in profitability and anticipated further earnings deterioration in 2017. Download the free research reports on these stocks today: http://stock-callers.com/registration
New York-based American International Group Inc.'s shares gained 1.12%, closing Wednesday's trading session at $64.92. The stock recorded a trading volume of 5.09 million shares. Shares of the Company have advanced 10.06% in the last month, 11.11% in the previous three months, and 7.12% on an YTD basis. The stock is trading 6.29% above its 50-day moving average and 15.25% 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 a Relative Strength Index (RSI) of 66.30.
On November 28th, 2016, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $57 a share to $64 a share.
On December 06th, 2016, American International Group announced that in accordance with the terms of the outstanding warrants to purchase shares of AIG's Common Stock, par value $2.50 per share, the warrant exercise price will be reduced to $44.4305 per share from $44.5525 per share and the number of shares of AIG's Common Stock receivable upon warrant exercise will increase to 1.013 from 1.010. Each of these adjustments will be effective at the close of business on December 08th, 2016. See our free and comprehensive research report on AIG at: http://stock-callers.com/registration/?symbol=AIG
On Wednesday, shares in Wisconsin headquartered MGIC Investment Corp. recorded a trading volume of 6.10 million shares, which was above their three months average volume of 4.62 million shares. The stock rose 0.21%, ending the day at $9.52. The Company's shares have advanced 13.88% in the last month, 16.24% over the previous three months, and 7.81% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 11.74% and 27.01%, respectively. Furthermore, 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 75.57.
On November 08th, 2016, MGIC Investment issued an October 2016 Operational Summary of the primary mortgage insurance of its insurance subsidiaries. For October 2016, the company had Insurance in Force worth $180.7 billion, up 4.3% from October 2015 Insurance in force of $173.2 billion. The ending Primary Delinquent Inventory (# of loans) for October 2016 was 50,612, down 21.1% on a y-o-y basis. MTG free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=MTG
Omaha, Nebraska-based Berkshire Hathaway Inc.'s stock finished the day 2.08% higher at $164.69. A total volume of 6.02 million shares was traded, which was above their three months average volume of 3.62 million shares. The Company's shares have gained 12.10% in the last one month, 9.95% in the previous three months, and 24.73% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.20% and 13.53%, respectively. Additionally, 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 79.27. Sign up for your complimentary report on BRK-B at: http://stock-callers.com/registration/?symbol=BRK-B
Shares in Philadelphia, Pennsylvania headquartered Radian Group Inc. ended yesterday's session 1.19% higher at $15.34. The stock recorded a trading volume of 2.32 million shares. The Company's shares have advanced 12.16% in the last one month, 9.28% in the previous three months, and 14.67% since the start of this year. The stock is trading 9.22% and 21.14% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Radian Group, which through its subsidiaries, provides mortgage and real estate products and services in the US, have an RSI of 73.17.
On November 28th, 2016, Radian Group announced that it is exercising its option to redeem its 2.25% Convertible Senior Notes due 2019, of which an aggregate principal amount of approximately $68.0 million is outstanding. The redemption date will be January 27th, 2017. The redemption price is equal to $1,000 per $1,000 principal amount of the Notes, plus accrued and unpaid interest from the last interest payment date on September 01st, 2016, up to, but excluding, the Redemption Date. Register for free on Stock-Callers.com and download the latest research report on RDN at: http://stock-callers.com/registration/?symbol=RDN
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SOURCE Chelmsford Park SA