This Morning's Technical Outlook on Insurance Stocks -- ING Groep, Genworth Financial, Lincoln National, and Torchmark
NEW YORK, Dec. 8, 2017 /PRNewswire/ --In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on ING, GNW, LNC, and TMK which is a click away at www.wallstequities.com/registration. Today, WallStEquities.com tracks the following stocks: ING Groep N.V. (NYSE: ING), Genworth Financial Inc. (NYSE: GNW), Lincoln National Corp. (NYSE: LNC), and Torchmark Corp. (NYSE: TMK). Companies in the Life Insurance space transfer the financial risk of a premature death to the insurer in exchange for a specified amount of premium. The three main components of a life insurance contract are a death benefit, a premium payment, and, in the case of permanent life insurance, a cash value account. With Wall St. Equities' free research reports get an edge over stock markets, sign up now at:
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ING Groep
Amsterdam, the Netherlands-based ING Groep N.V.'s shares gained 2.31%, closing Thursday's trading session at $18.13. The stock recorded a trading volume of 2.18 million shares. The Company's shares have advanced 2.37% over the previous three months and 28.58% since the start of this year. The stock is trading 5.46% above its 200-day moving average. Additionally, shares of ING Groep, which operates as a financial services company that provides banking, investments, life insurance, and retirement services worldwide, have a Relative Strength Index (RSI) of 49.15. Our free and thorough report on ING awaits you at:
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Genworth Financial
On Thursday, shares in Richmond, Virginia headquartered Genworth Financial Inc. recorded a trading volume of 3.62 million shares. The stock rose 1.50%, ending the day at $3.38. The Company's shares are trading below their 50-day moving average by 4.58%. Furthermore, shares of Genworth Financial, which provides insurance and homeownership solutions in the US and internationally, have an RSI of 44.65.
On November 29th, 2017, Genworth Financial and China Oceanwide Holdings Group Co., Ltd announced that they have agreed to a second waiver and agreement of each party's right to terminate the previously announced merger agreement. The second waiver and agreement extends the previous deadline of November 30th, 2017, to April 01st, 2018, and allows additional time for regulatory reviews of the transaction. GNW's complimentary research coverage is a few simple steps away at:
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Lincoln National
Radnor, Pennsylvania headquartered Lincoln National Corp.'s stock finished the day 1.42% higher at $77.59. A total volume of 1.23 million shares was traded, which was above their three months average volume of 1.17 million shares. The Company's shares have advanced 2.90% in the last one month, 17.92% in the previous three months, and 17.08% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.35% and 11.03%, respectively. Additionally, shares of Lincoln National, which through its subsidiaries, engages in the multiple insurance and retirement businesses in the US, have an RSI of 62.29.
On November 13th, 2017, Lincoln Financial Group, the marketing name for Lincoln National, announced that Lynn M. Utter has been elected to serve on the Company's Board of Directors. Ms. Utter is the CEO and a director of First Source, LLC, a packager and distributor of confectionery products, nuts, snacks, and specialty foods. Register for your free research report on LNC at:
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Torchmark
Shares in McKinney, Texas headquartered Torchmark Corp. ended yesterday's session 0.16% higher at $89.17. The stock recorded a trading volume of 290,518 shares. The Company's shares have advanced 4.68% in the last one month, 17.22% over the previous three months, and 20.89% since the start of this year. The stock is trading 6.03% and 13.15% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Torchmark, which through its subsidiaries, provides various life and health insurance products, and annuities in the US, Canada, and New Zealand, have an RSI of 74.62.
On November 13th, 2017, Torchmark announced that its Board of Directors has declared a quarterly dividend of $.15 per share on all of its outstanding common stock held of record as of the close of business of its transfer agent on January 05th, 2018. The dividend will be paid on February 01st, 2018. Wall St. Equities' downloadable research report on TMK available at:
www.wallstequities.com/registration/?symbol=TMK
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