If you want a Stock Review on AIG, BRK-B, MTG, or PGR then come over to and sign up for your free customized report today. Credit rating activity for the US Property and Casualty (P & C) Insurance industry in the first half of 2017 was favorable, with upgrades outpacing downgrades, according to an article on Insurance Journal. Nearly one-third of the 2017 upgrades were driven by increased parental support, ongoing mergers and acquisitions, and the generally enhanced importance of companies within specific organizations. Ahead of today’s trading session, DailyStockTracker.com takes a closer look at the following equities: American International Group Inc. (NYSE: AIG), Berkshire Hathaway Inc. (NYSE: BRK-B), MGIC Investment Corp. (NYSE: MTG), and The Progressive Corp. (NYSE: ). Take a look at the free research reports issued today on DailyStockTracker.com for these stocks by signing up at:
American International Group
On Tuesday, shares in New York-based American International Group Inc. recorded a trading volume of 4.83 million shares. The stock ended the day at 61.22, declining 0.11% from the last trading session. The Company’s shares are trading below their 200-day moving average by 3.60%. Furthermore, 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 26.94.
On August 02nd, 2017, American International Group announced that its Board of Directors declared a quarterly dividend of 0.32 per share on its Common Stock, par value 2.50 per share. The dividend is payable on September 29th, 2017, to stockholders of record at the close of business on September 15th, 2017.
On August 09th, 2017, research firm Atlantic Equities downgraded the Company’s stock rating from ‘Overweight’ to ‘Neutral’. Sign up and read the free research report on AIG at: Berkshire Hathaway
Nebraska-based Berkshire Hathaway Inc.’s stock rose 1.18%, finishing yesterday’s session at 180.45 with a total trading volume of 2.93 million shares. The Company’s shares have gained 5.30% in the last month, 9.05% over the previous three months, and 10.72% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.48% and 8.28%, respectively. Additionally, shares of Berkshire Hathaway, which through its subsidiaries, the firm primarily engages in the insurance and reinsurance of P & C risks business, have an RSI of 67.57.
On August 04th, 2017, Berkshire Hathaway reported operating results for Q2 and first six months of 2017. For Q2 2017, total revenues were 57.5 billion; total costs and expenses were 51.7 billion; and net earnings were 4.3 billion. For H1 2017, total revenues were 122.7 billion; total costs and expenses were 111.4 billion; and net earnings were 8.3 billion.
On August 11th, 2017, research firm Barclays reiterated its ‘Overweight’ rating on the Company’s stock with an increase of the target price from 191 a share to 205 a share. The complimentary research report on BRK-B can be downloaded at:
Shares in Wisconsin headquartered MGIC Investment Corp. ended the session 3.37% higher at 11.64. The stock recorded a trading volume of 2.73 million shares. The Company’s shares have gained 7.98% over the previous three months and 14.23% on an YTD basis. The stock is trading 1.59% above its 50-day moving average and 9.96% above its 200-day moving average. Moreover, shares of MGIC Investment have an RSI of 53.93.
On August 14th, 2017, Mortgage Guaranty Insurance Corporation, the principal subsidiary of MGIC Investment, announced the availability of mortgage insurance through WEI Technology LLC’s loan origination system (LOS), LendingPad. Through the MISMO-based integration, originators utilizing the LendingPad LOS can order the Company’s rate quotes and delegated mortgage insurance without leaving the platform. This automation of data exchange helps improve the loan origination process by saving time and increasing accuracy. Register for free on DailyStockTracker.com and access the latest report on MTG at:
On Tuesday, Ohio headquartered The Progressive Corp.’s stock climbed 0.41%, finishing at 48.89. A total volume of 2.50 million shares was traded. The Company’s shares have gained 4.51% in the last month, 17.67% over the previous three months, and 37.72% on an YTD basis. The stock is trading 6.42% and 22.70% above its 50-ay and 200-day moving averages, respectively. Additionally, shares of Progressive have an RSI of 70.40.
On August 04th, 2017, Progressive announced that its Board of Directors elected Philip Bleser, 62, to fill a vacancy on the Board.The vacancy was created when the Board approved an amendment to the Company’s Code of Regulations expanding the size of the Board from 10 to 11 members.The Board also determined that Mr. Bleser is an independent director under applicable NYSE rules. His term of office will expire at the Company’s annual meeting of shareholders in 2018. Get free access to your research report on PGR at:
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