StockCall Pre-Market Review on Radian, MBIA Inc., Allstate, and Progressive

Fri Mar 22, 2013 8:01am EDT

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link

LONDON,  March 22, 2013  /PRNewswire/ --

Property and casualty insurance companies such as Radian Group Inc. (NYSE: RDN),
MBIA Inc. (NYSE: MBI), The Allstate Corporation (NYSE: ALL), and The Progressive
Corporation (NYSE: PGR) face significant challenges in 2013. While the U.S.
economy has shown signs of improvement, there is still some way to go before it
fully recovers from the 2009 financial crisis. Apart from the economy, the other
major concerns for insurers are record low interest rates and rising natural
catastrophe-related losses. On Thursday, property and casualty insurers ended
mostly lower, tracking losses in the broad market, which tumbled on concerns
over  Cyprus. StockCall analysts initiated preliminary technical research on
RDN, MBI, ALL, and PGR. These free reports are accessible by signing today at

Radian Group Inc.'s shares slipped in trading on Thursday, however, the losses
were limited. The stock closed 0.20% lower at  $10.11  on volume of 6.73
million. Radian's shares are currently trading close to their 52-week high of 
$10.95. Despite the challenges facing the insurance industry, the company's
shares have had an excellent run so far in 2013. Year-to-date, the stock has
gained more than 65%, easily outperforming the broad market. However, the
stock's MACD chart is currently giving bearish signals. The stock's MACD has
recently crossed below the signal line. The free technical analysis on RDN is
available by signing up at

Shares of MBIA Inc. fell sharply in yesterday's trading session, extending its
losses for the week. MBIA's shares ended the day 3.55% lower at  $11.15  on
volume of 3.05 million. The stock has now fallen more than 6.80% for the week.
Despite the recent pullback, the insurance company's shares have gained more
than 42% for the year, outperforming the S&P 500, which has gained nearly 8.40%
in the same period. Shares of MBI have seen a series of lows over the past few
sessions, which is a bearish signal. The negative signal is further confirmed by
recent volume activity and the stock's MACD chart. Register now to download the
free research on MBI at

Shares of The Allstate Corporation ended marginally lower on Thursday. The stock
closed 0.27% lower at  $47.80  on volume of 2.15 million. Earlier in the day,
the stock had risen to a high of  $48.13. However, Allstate's shares failed to
hold on to their gains. The stock is currently trading close to its 52-week high
of  $48.30. Year-to-date, it has gained nearly 20%, outperforming the broad
market. The stock's MACD recently crossed below the signal line, which is a
bearish signal. The negative trend is further confirmed by the volume activity
in the last few trading sessions. A free report on ALL can be accessed by
registering at

Shares of The Progressive Corporation edged lower in trading yesterday, however,
the losses were limited. The stock closed 0.36% lower at  $24.84  on volume of
2.75 million on Thursday. Progressive Corp.'s shares are hovering around their
52-week high of  $25.38. The stock has seen a series of highs since the start of
this year, which is a bullish signal. Year-to-date, it has gained more than 19%,
outperforming the S&P 500. The company's shares are trading well above their
50-day and 200-day moving averages. Register with StockCall and download the
research on PGR for free at

About is a financial website where investors can have easy, precise and
comprehensive research and opinions on stocks making the headlines. Sign up
today to talk to our financial analyst at


William T. Knight, Email:, Contact Number: +1(646)396-9857
(9:00 am EST - 01:30 pm EST)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.