StockCall Pre-Market Review on Radian, MBIA Inc., Allstate, and Progressive
* Reuters is not responsible for the content in this press release.
For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130322:nPn3227986 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 http://www.stockcall.com/register 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 http://www.StockCall.com/RDN032213.pdf 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 http://www.StockCall.com/MBI032213.pdf 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 http://www.StockCall.com/ALL032213.pdf 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 http://www.StockCall.com/PGR032213.pdf About StockCall.com StockCall.com 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 http://www.stockcall.com SOURCE StockCall.com William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
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