Welcome!

News Feed Item

Technical Coverage on Financial Sector Equities -- Research on MGIC Investment, Progressive, Hartford Financial Services, and XL Group

Editor Note: For more information about this release, please scroll to bottom.

LONDON, April 7, 2014 /PRNewswire/ --

On Friday, April 04, 2014, the NASDAQ Composite ended at 4,127.73, down 2.60%, the Dow Jones Industrial Average finished 0.96% lower at 16,412.71, and the S&P 500 closed at 1,865.09, down 1.25%. The losses were broad based as nine out of ten sectors finished the session on a lower note. The S&P 500 Financials Sector Index finished the day at 298.76, down 1.15%, while the same has advanced 1.09% in last three months. Investor-Edge has initiated coverage on the following equities: MGIC Investment Corp. (NYSE: MTG), The Progressive Corp. (NYSE: PGR), The Hartford Financial Services Group Inc. (NYSE: HIG) and XL Group PLC (NYSE: XL). Free technical research on MTG, PGR, HIG and XL can be downloaded upon signing up at:

http://www.investor-edge.com/841-register


Shares in MGIC Investment Corp. recorded a trading volume of 4.62 million shares, as compared with its three months average volume of 5.91 million shares. The stock ended the day at $8.26, down 2.13%, after vacillating between $8.25 and $8.63. MGIC Investment Corp.'s shares have fallen by 5.06% in the previous three trading sessions, 10.90% in the last one month and 2.13% on YTD basis. The company's stock is trading below its 50-day moving average. MGIC Investment Corp.'s 50-day moving average of $8.67 is above its 200-day moving average of $7.86. Further, the stock has a Relative Strength Index (RSI) of 41.90. Sign up today to read free research on MTG at:

http://www.investor-edge.com/841-MTG-07Apr2014.pdf


On Friday, shares in The Progressive Corp. finished the session 0.94% lower at $24.27. A total of 2.59 million shares were traded, which is below its three months average volume of 4.07 million shares. The stock fluctuated between $24.26 and $24.66 during the session. The company's shares traded at a PE ratio of 15.28. The Progressive Corp.'s stock has advanced 0.75% in the previous three trading sessions, while the same has declined 0.74% in the last one month and 7.18% on YTD basis. The stock is trading above its 50-day moving average. The Progressive Corp.'s 200-day moving average of $24.87 is above its 50-day moving average of $23.79. Furthermore, the stock has an RSI of 54.34. Sign up today to read free research on PGR at:

http://www.investor-edge.com/841-PGR-07Apr2014.pdf


Shares in The Hartford Financial Services Group Inc. reported a trading volume of 3.63 million shares, as compared with its three months average volume of 3.92 million shares. The stock ended the day at $35.37, down 1.83%, after trading between $35.35 and $36.35. The company's stock traded at a PE ratio of 9.98. The Hartford Financial Services Group Inc.'s shares have fallen by 0.90% in the previous three trading sessions, 2.13% in the last month and 2.37% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $34.70 and $33.38, respectively. Additionally, the stock has an RSI of 51.50. Sign up today to read free research on HIG at:

http://www.investor-edge.com/841-HIG-07Apr2014.pdf


XL Group PLC's shares edged 0.64% lower to close the day at $31.21. The stock recorded trading volume of 2.07 million shares, as compared with its three months average volume of 2.09 million shares. The stock oscillated between $31.20 and $31.81 during the trading session. The company's stock traded at a PE ratio of 9.70. XL Group PLC's shares have advanced 0.74% in the previous three trading sessions and 1.69% in the last one month, while the same has declined 1.98% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $29.83 and $30.69, respectively. Furthermore, the company's shares have an RSI of 61.40. Sign up today to read free research on XL at:

http://www.investor-edge.com/841-XL-07Apr2014.pdf


===============
EDITOR'S NOTES:
===============

1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.

2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.

3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.

4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco [at] http://www.investor-edge.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.investor-edge.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.investor-edge.com for consideration.

COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Investor-edge. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Investor-edge in this article or report according to the Procedures outlined by Investor-edge. Investor-edge is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE
Investor-edge makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED
Investor-edge is 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 by Investor-edge whatsoever for any direct, indirect or consequential loss arising from the use of this document. Investor-edge expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Investor-edge does 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.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Investor-Edge

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...