NEW YORK, October 19, 2016 /PRNewswire/ --
The Property and Casualty Insurance industry continues to suffer from sluggish demand due to a slowdown in economic activity.
According to reinsurance specialist Guy Carpenter, global catastrophe reinsurance prices dropped this year below levels
last seen in 2001. Today, Stock-Callers.com reviews the performances of American International Group Inc. (NYSE: AIG), MGIC
Investment Corp. (NYSE: MTG), Berkshire Hathaway Inc. (NYSE: BRK.B), and Radian Group Inc. (NYSE: RDN). Download the free
research reports on these stocks today: http://stock-callers.com/registration
American Intl. Group
Shares in New York-based American International Group Inc. ended Tuesday's session at
$60.49, up 0.33% from the previous session. The stock recorded a trading volume of 4.03 million
shares. The Company's shares have gained 4.58% in the last one month and 11.45% in the previous three months. The stock is
trading 2.58% above its 50-day moving average and 9.56% above its 200-day moving average. Moreover, 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 59.95.
On October 07th, 2016, research firm Credit Suisse initiated a 'Neutral' rating on
the Company's stock, issuing a target price of $60 per share.
On October 18th, 2016, the company announced that it has entered into several
agreements with Fairfax Financial Holdings Limited. As part of these agreements, AIG will sell to Fairfax its local commercial
and consumer insurance operations in Argentina, Chile,
Colombia, Uruguay, Venezuela,
and Turkey. Fairfax will also acquire renewal rights for the portfolio of local business written
by AIG's Central and Eastern European (CEE) operations in Bulgaria, Czech Republic, Hungary, Poland,
Romania, and Slovakia, and assume AIG's CEE operating assets
and employees. Total cash consideration is approximately $240 million. See our free and
comprehensive research report on AIG at: http://stock-callers.com/registration/?symbol=AIG
MGIC Investment
Milwaukee, Wisconsin headquartered MGIC Investment Corp.'s stock jumped 5.11%, closing the
day at $8.44. A total volume of 11.69 million shares was traded, which was above their three months
average volume of 4.99 million shares. The Company's shares have advanced 5.24% in the last month and 23.39% over the previous
three months. The stock is trading 6.36% above its 50-day moving average and 17.49% above its 200-day moving average.
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 68.66.
On October 17th, 2016, research firm Bank of America/ Merrill initiated a 'Buy'
rating on the Company's stock.
On October 18th, 2016, MGIC Investment reported that net income for Q3 2016 was
$56.6 million, or $0.14 per diluted share, compared to net income of
$822.9 million, or $1.78 per diluted share, in Q3 2015. Net income in
Q3 2015 included $739.3 million associated with the change in the company's deferred tax asset
valuation allowance. Total revenues for Q3 2016 were $273.9 million compared to $269.5 million in Q3 2015. MTG free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=MTG
Berkshire Hathaway
On Tuesday, shares in Omaha, Nebraska-based Berkshire Hathaway Inc. recorded a trading volume
of 2.38 million shares and ended the day 0.35% higher at $144.30. The stock has gained 9.29% on an
YTD basis. The Company's shares are trading above their 200-day moving average by 2.41%. Furthermore, 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 46.63.
On October 06th, 2016, Berkshire Hathaway Specialty Insurance Co., a subsidiary of
Berkshire Hathaway, announced that it has received a license to provide insurance and reinsurance in Macau and filled key positions in its newly established Macau office. Sign
up for your complimentary report on BRK-B at: http://stock-callers.com/registration/?symbol=BRK-B
Radian
Philadelphia, Pennsylvania headquartered Radian Group Inc.'s stock rose 3.88%, finishing
yesterday's session at $14.47. A total volume of 2.95 million shares was traded, which was higher
than their three months average volume of 2.17 million shares. The Company's shares have advanced 6.79% in the last one month,
20.51% in the previous three months, and 8.15% since the start of this year. The stock is trading above its 50-day and 200-day
moving averages by 6.90% and 19.68%, respectively. Additionally, shares of Radian Group, which through its subsidiaries, provides
mortgage and real estate products and services in the US, have an RSI of 70.62.
On October 17th, 2016, Radian announced that it will hold a conference call on
October 27th, 2016, at 10:00 a.m. ET to discuss its Q3
2016 results, which will be announced prior to the market open on the same day.
On October 17th, 2016, research firm Bank of America/ Merrill initiated a 'Buy'
rating on the Company's stock. 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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