Breakfast Technical Briefing on Insurance Stocks -- American International Group, Berkshire Hathaway, MGIC Investment, and Progressive

NEW YORK, September 27, 2017 /PRNewswire/ --

If you want a Stock Review on AIG, BRK-B, MTG, or PGR then come over to http://dailystocktracker.com/register/ and sign up for your free customized report This morning attention is redirected to the Property and Casualty Insurance industry, which consists of companies engaged in insurance underwriting, and carriers of property, fire, marine, auto, title, professional liability, funeral, bonding, fidelity and other surety policies. Ahead of today's trading session, DailyStockTracker.com observes the performance of American International Group Inc. (NYSE: AIG), Berkshire Hathaway Inc. (NYSE: BRK-B), MGIC Investment Corp. (NYSE: MTG), and The Progressive Corp. (NYSE: PGR). Daily Stock Tracker published free research reports on these stocks today at:

http://dailystocktracker.com/register/

American International Group 

New York-based American International Group Inc.'s shares declined 0.89%, closing Tuesday's trading session at $60.47. The stock recorded a trading volume of 7.69 million shares, which was above its three months average volume of 4.82 million shares. The Company's shares are trading 2.85% below their 50-day moving average. Additionally, shares of the Company, which provides insurance products for commercial, institutional, and individual customers primarily in the US, Europe, and Japan, have a Relative Strength Index (RSI) of 46.33.  

On September 11th, 2017, research firm Buckingham Research initiated an 'Underperform' rating on the Company's stock, with a target price of $52 per share.

On September 25th, 2017, American International Group announced that it is planning to make changes to its organizational structure. The Company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter Zaffino, as CEO; Life & Retirement, led by Kevin Hogan, CEO; and a stand-alone, technology-enabled platform, led by Seraina Macia, CEO. See our free and comprehensive research report on AIG at:

http://dailystocktracker.com/registration/?symbol=AIG


Berkshire Hathaway 

On Tuesday, shares in Omaha, Nebraska-based Berkshire Hathaway Inc. recorded a trading volume of 2.25 million shares. The stock declined 0.36%, ending the day at $181.86. The Company's shares have advanced 1.26% in the past month, 8.67% in the previous three months, and 11.58% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.53% and 7.31%, 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 58.02.

On September 14th, 2017, research firm JP Morgan initiated an 'Overweight' rating on the Company's stock, with a target price of $210 per share. BRK-B free research report is just a click away at:


http://dailystocktracker.com/registration/?symbol=BRK-B


MGIC Investment 

Milwaukee, Wisconsin headquartered MGIC Investment Corp.'s stock finished the day 2.20% higher at $12.08. A total volume of 2.62 million shares was traded, which was above their three months average volume of 2.53 million shares. The Company's shares have advanced 3.51% in the last one month, 9.92% in the previous three months, and 18.55% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.29% and 10.89%, respectively. 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 63.00.  


On September 18th, 2017, MGIC Investment announced that its subsidiary Mortgage Guaranty Insurance Corporation, has reported enhancements to its rate quote tools, including Rate Finder as well as the iOS and Android mobile apps. The Rate Finder now displays a simpler layout, requiring less data entry. The iOS mobile app, called "MGIC MI," also displays a clean layout with intuitive features designed to simplify the process of obtaining mortgage insurance rate quotes. Sign up for your complimentary report on MTG at:

http://dailystocktracker.com/registration/?symbol=MTG


Progressive 

Shares in Mayfield Village, Ohio headquartered The Progressive Corp. ended yesterday's session 0.31% lower at $47.85. The stock recorded a trading volume of 2.81 million shares. The Company's shares have advanced 7.21% over the previous three months and 34.79% since the start of this year. The stock is trading 1.77% and 15.29% above its 50-day and 200-day moving averages, respectively. Moreover, 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 57.65.  

On September 06th, 2017, Progressive announced that according to a new Progressive Insurance study, about one third of drivers feel confident in their own ability to text and drive, yet the majority believe distracted driving is the biggest cause of auto accidents and more than 90% say it should be illegal. More than 60% of 18- to 34-year olds are confident in their ability to safely text while driving, compared to less than 6% of individuals 55 years and older.

On September 20th, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Register for free on DailyStockTracker.com and download the latest 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 dailystocktracker.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.