Breakfast Technical Briefing on Insurance Stocks -- AXIS Capital, MBIA, Old Republic, and XL Group
NEW YORK, October 3, 2017 /PRNewswire/ --
If you want a Stock Review on AXS, MBI, ORI, or XL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report According to an article on Business Insurance, a research report issued by Morgan Stanley said that insured losses of some $100 billion could make Q3 2017 one of the costliest in history for the Insurance industry, but the sector has the resources to take such a hit. The New York-based investment bank further noted that it remains unclear whether the losses will lead to higher insurance and reinsurance costs. Ahead of today's trading session, DailyStockTracker.com presents for assessment four Property and Casualty Insurance stocks, namely: AXIS Capital Holdings Ltd (NYSE: AXS), MBIA Inc. (NYSE: MBI), Old Republic International Corp. (NYSE: ORI), and XL Group Ltd (NYSE: XL). Daily Stock Tracker published free research reports on these stocks today at:
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AXIS Capital Holdings
Pembroke, Bermuda headquartered AXIS Capital Holdings Ltd's shares declined 0.16%, closing Monday's trading session at $57.22. The stock recorded a trading volume of 560,775 shares, which was above its three months average volume of 553,540 shares. The Company's shares are trading 6.31% below their 50-day moving average. Additionally, shares of AXIS Capital, which through its subsidiaries, provides various specialty insurance and reinsurance products worldwide, have a Relative Strength Index (RSI) of 42.28.
On September 11th, 2017, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'.
On September 11th, 2017, AXIS Insurance, a business segment of AXIS Capital Holdings, announced the hiring of Christina Tom as Vice President, Renewable Energy Underwriter. Mrs. Tom joins the Company's global Renewable Energy team, where she will be responsible for leading its US West Coast business, underwriting wind, solar and energy storage risks. She will report to Tom Cain, Vice President and Head of U.S. Renewable Energy, and will be based out of the Company's San Francisco office. See our free and comprehensive research report on AXS at:
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MBIA Inc.
On Monday, shares in Purchase, New York headquartered MBIA Inc. recorded a trading volume of 4.25 million shares, which was above their three months average volume of 2.01 million shares. The stock rose 0.34%, ending the day at $8.73. The Company's shares are trading below their 200-day moving average by 9.24%. Furthermore, shares of MBIA, which provides financial guarantee insurance services to public finance markets in the US and internationally, have an RSI of 32.50. MBI free research report is just a click away at:
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Old Republic International
Chicago, Illinois-based Old Republic International Corp.'s stock finished the day 0.46% higher at $19.78. A total volume of 1.56 million shares was traded, which was above their three months average volume of 1.23 million shares. The Company's shares have advanced 3.61% in the last one month and 4.11% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.29% and 0.02%, respectively. Additionally, shares of Old Republic, which through its subsidiaries, engages in the insurance underwriting and related services business primarily in the US and Canada, have an RSI of 59.00. Sign up for your complimentary report on ORI at:
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XL Group
Shares in Hamilton, Bermuda-based XL Group Ltd ended yesterday's session 0.41% higher at $39.61. The stock recorded a trading volume of 3.41 million shares was traded, which was above its three months average volume of 2.05 million shares. The Company's shares have advanced 6.31% since the start of this year. The stock is trading 3.67% below its 200-day moving average. Moreover, shares of XL Group, which through its subsidiaries, operates as an insurance and reinsurance company worldwide, have an RSI of 46.97.
On September 11th, 2017, research firm Buckingham Research initiated a 'Neutral' rating on the Company's stock, with a target price of $42 per share.
On September 19th, 2017, XL Group announced its plans to move the Company's principal European Union insurance company, XL Insurance Company SE, from the UK to Ireland in 2018 in response to Brexit, subject to certain regulatory approvals. The announcement comes following a meeting between An Taoiseach, Leo Varadkar, and XL Group's CEO, Mike McGavick, in Dublin that day. Register for free on DailyStockTracker.com and download the latest research report on XL at:
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