NEW YORK, January 31, 2017 /PRNewswire/ --
Pre-market this morning our focus is shifted on the Property and Casualty Insurance industry which sells property insurance,
such as insurance on homes, cars and businesses, as well as casualty or liability insurance. Companies in this category make
money by collecting premiums for the policies they issue, and investing those premiums in the market. Today,
Stock-Callers.com assesses the performances of the following four equities: Radian Group Inc. (NYSE: RDN), The Hartford Financial
Services Group Inc. (NYSE: HIG), XL Group Ltd (NYSE: XL), and MBIA Inc. (NYSE: MBI). Download the free research reports on these
stocks today:
http://stock-callers.com/registration
Radian
Philadelphia, Pennsylvania headquartered Radian Group Inc.'s shares finished Monday's trading
session flat at $18.14. A total volume of 2.03 million shares was traded. The stock has advanced
0.28% in the past month, 30.34% over the previous three months, and 0.89% on an YTD basis. The Company's shares are trading above
their 50-day and 200-day moving averages by 7.46% and 32.32%, respectively. Moreover, shares of Radian Group, which through its
subsidiaries, provides mortgage and real estate products and services in the US, have a Relative Strength Index (RSI) of
59.16.
On January 26th, 2016, Radian reported net income of $61.1
million, or $0.27 per diluted share, for Q4 2016, which included a net loss on investments
and other financial instruments of $38.8 million. This compared to net income of $74.5 million, or $0.32 per diluted share, which included a net loss on
investments and other financial instruments of $13.4 million for Q4 2015. The Company's new
mortgage insurance written was $13.9 billion for Q4 2016 compared $9.1
billion in Q4 2015. See our free and comprehensive research report on RDN at:
http://stock-callers.com/registration/?symbol=RDN
Hartford Financial Services
On Monday, shares in Hartford, Connecticut headquartered The Hartford Financial Services
Group Inc. recorded a trading volume of 3.21 million shares, which was above their three months average volume of 2.54 million
shares. The stock ended the session 0.06% higher at $48.96. The Company's shares have gained 2.58%
in the last one month, 14.12% in the previous three months, and 2.75% since the start of this year. The stock is trading 2.14%
above its 50-day moving average and 10.99% above its 200-day moving average. Furthermore, shares of Hartford Financial Services
Group, which through its subsidiaries, provides insurance and financial services to individual and business customers in the US,
have an RSI of 59.08.
On January 03rd, 2017, Hartford announced that it
has entered into a definitive agreement effective December 31st, 2016, with National
Indemnity Company, a subsidiary of Berkshire Hathaway Inc., for a $1.5 billion aggregate excess of
loss reinsurance agreement covering certain of The Hartford's asbestos and environmental
liability exposures. The reinsurance premium for this agreement is $650 million.
On January 06th, 2017, research firm Credit Suisse downgraded the Company's stock
rating from 'Outperform' to 'Neutral'. HIG free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=HIG
XL Group
Shares in Hamilton, Bermuda-based XL Group Ltd closed at $37.42, down 1.03% from the last trading session. The stock recorded a trading volume of 1.69 million shares.
The Company's shares have gained 11.77% in the previous three months and 0.43% on an YTD basis. The stock is trading 0.93% and
8.93% above its 50-day and 200-day moving averages, respectively. Additionally, shares of XL Group, which through its
subsidiaries, operates as an insurance and reinsurance company, have an RSI of 51.80.
On January 23rd, 2017, XL Catlin, the global brand used by XL Group's insurance and
reinsurance companies, announced that it has received final approval from the Insurance Regulatory Development Authority of
India to open an onshore reinsurance branch office of XL Insurance Company SE in India. The operation, which will be based in Mumbai and provide treaty and
facultative reinsurance, will be led by Joseph Augustine as branch CEO. It is planned to be open
for business in time for the important April 01st renewal period. Sign up for your
complimentary report on XL at:
http://stock-callers.com/registration/?symbol=XL
MBIA Inc.
At the closing bell yesterday, shares in Purchase, New York headquartered MBIA Inc. ended
2.26% lower at $10.38. A total volume of 1.75 million shares was traded, which was higher than
their three months average volume of 1.46 million shares. The stock has surged 30.73% in the previous three months. The Company's
shares are trading above their 200-day moving average by 23.04%. Furthermore, shares of MBIA, which provides financial guarantee
insurance services to public finance markets in the US and internationally, have an RSI of 38.34.
As per a SEC filing dated January 10th, 2017, MBIA announced that its wholly-owned
subsidiary, MBIA Insurance Corporation, has consummated two previously announced transactions. The transactions were subject to
various regulatory approvals, which were obtained. Register for free on Stock-Callers.com and download the latest research report
on MBI at:
http://stock-callers.com/registration/?symbol=MBI
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