NEW YORK, June 6, 2017 /PRNewswire/ --
DailyStockTracker.com draws investors' attention to four Property and Casualty (P&C) Insurance firms, namely: American International Group Inc. (NYSE: AIG), Berkshire Hathaway Inc. (NYSE: BRK-B), MGIC Investment Corp. (NYSE: MTG), and The Progressive Corp. (NYSE: PGR). According to a new study by Conning, the P&C Insurance sector will likely continue to be fueled by strong fundamentals this year: an overabundance of capital, fewer organic opportunities in a soft market, and pressure on expense ratios and earnings. Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member's area at:
On Monday, shares in New York-based American International Group Inc. saw a slight decline of 0.64%, ending the day at $63.83. The stock recorded a trading volume of 3.25 million shares. The Company's shares have advanced 1.85% in the last one month and 0.08% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.74% and 2.41%, respectively. Moreover, shares of American International, which provides insurance products for commercial, institutional, and individual customers primarily in the US, Europe, and Japan, have a Relative Strength Index (RSI) of 61.32.
On June 01st, 2017, American International announced that it will provide a live webcast of the 2017 Annual Meeting of Shareholders on June 28th, 2017, starting at 11:00 a.m. EDT. The webcast will be available under the Investor Relations section of the Company's website. AIG complete research report is just a click away and free at:
Shares in Omaha, Nebraska-based Berkshire Hathaway Inc. ended the day 0.14% higher at $166.52 with a total trading volume of 2.30 million shares. In the last month and on an YTD basis, the stock has gained 0.11% and 2.17%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 0.65% and 4.43%, respectively. Furthermore, 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 57.13.
On May 11th, 2017, Business Wire, a Berkshire Hathaway company, announced that viewers can catch the latest Quick Biz Hits, and see what brands are using Star Power, on the latest BizWireTV, its weekly digital video news program. Watch BizWireTV and the latest breakthroughs in tech from the biggest brands on any screen by downloading the new app through Apple TV and iPhone App Store, or Google Play for Android devices. The complimentary report on BRK-B can be downloaded at:
At the close of trading on Monday, shares in Milwaukee, Wisconsin headquartered MGIC Investment Corp. finished 2.59% lower at $10.52 with a total trading volume of 2.31 million shares. The stock has advanced 3.24% on an YTD basis. The Company's shares are trading above their 200-day moving average by 8.69%. Additionally, 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 47.98.
On May 16th, 2017, Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment, announced the availability of mortgage insurance through Savana, Inc.'s Loan Origination System, nGage/Mortgage. Through the MISMO-based integration, nGage/Mortgage customers can order MGIC rate quotes as well as order delegated and non-delegated mortgage insurance. This integration - unique to Savana and MGIC - also helps customers simplify the non-delegated process by allowing them to submit loan documents to MGIC without leaving the platform. Sign up for your complimentary research report on MTG at:
Mayfield Village, Ohio headquartered The Progressive Corp.'s shares recorded a trading volume of 1.91 million shares at the end of yesterday's session. The stock closed the day 0.05% lower at $43.06. The Company's shares have advanced 6.66% in the past month, 9.26% in the previous three months, and 21.30% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.99% and 19.53%, respectively. Additionally, 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 75.54.
On May 12th, 2017, Progressive's Board of Directors approved a new authorization for the Company to repurchase up to 25 million of its Common Shares. This authorization replaces the shares that remained under the Board's June 2011 authorization, which was also terminated on May 12th, 2017. The new authorization does not have an expiration date.
On May 18th, 2017, research firm Deutsche Bank upgraded the Company's stock rating from 'Sell' to 'Hold' while revising its previous target price from $35 a share to $40 a share. Get free access to your research report on PGR at:
Daily Stock Tracker:
Daily Stock Tracker (DST) 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. DST 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.
DST has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
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 email@example.com. 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 DST. DST 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.
DST, 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. DST, 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, DST, 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.
NOT AN OFFERING
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 DST 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
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:
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA