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:
http://dailystocktracker.com/register/
American Intl.
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:
http://dailystocktracker.com/registration/?symbol=AIG
Berkshire Hathaway
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:
http://dailystocktracker.com/registration/?symbol=BRK-B
MGIC Investment
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:
http://dailystocktracker.com/registration/?symbol=MTG
Progressive
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:
http://dailystocktracker.com/registration/?symbol=PGR
--
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 contact@dailystocktracker.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.
NO WARRANTY
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
http://dailystocktracker.com/disclaimer/
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: contact@dailystocktracker.com
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