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
"Storage is growing. All of IDC's estimates say that unstructured data is now 80% of the world's data. We provide storage systems that can actually deal with that scale of data - software-defined storage systems," stated Paul Turner, Chief Product and Marketing Officer at Cloudian, in this SYS-CON.tv interview at 17th Cloud Expo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
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.
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business. Though, IoT is far more complex than most firms expected with a majority of IoT projects having failed. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, Chief IoTologist at Wipro, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology portfolios and business models to adopt and leverage IoT. He will delve in...
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of patie...
DevOps and microservices are permeating software engineering teams broadly, whether these teams are in pure software shops but happen to run a business, such Uber and Airbnb, or in companies that rely heavily on software to run more traditional business, such as financial firms or high-end manufacturers. Microservices and DevOps have created software development and therefore business speed and agility benefits, but they have also created problems; specifically, they have created software securi...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facing...