Insurance Equities Ahead of Market -- Research on Prudential, Manulife Financial, Universal Insurance Holdings, and Old Republic Intl.
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LONDON, May 14, 2014 /PRNewswire/ --
On Tuesday, May 13, 2014, the NASDAQ Composite ended at 4,130.17, down 0.33%, the Dow Jones Industrial Average finished the day 0.12% higher at 16,715.44, and the S&P 500 closed at 1,897.45, up 0.04%. The gains were broad based as six out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 297.79, down 0.12%, and the index has advanced 3.82% in the last one month. Investor-Edge has initiated coverage on the following equities: Prudential PLC (NYSE: PUK), Manulife Financial Corporation (NYSE: MFC), Universal Insurance Holdings Inc. (NYSE: UVE) and Old Republic International Corporation (NYSE: ORI). Free technical research on PUK, MFC, UVE and ORI can be downloaded upon signing up at:
http://www.investor-edge.com/2508-register
On Tuesday, Prudential PLC's stock recorded a trading volume of 0.19 million shares, lower than its three months average volume of 0.22 million shares. The stock finished the day at $47.56, up 0.76%, hitting a new 52-week high of $47.59. The stock registered an intraday range of $47.29 and $47.59 during the session. Prudential PLC's shares have surged 9.13% in the last one month and 7.94% in the past three months. Also, the stock has gained 5.69% on YTD basis. Furthermore, the company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $44.88 is above its 200-day moving average of $41.43. Additionally, shares of the company have a Relative Strength Index (RSI) of 64.17. Sign up today to read free research on PUK at:
http://www.investor-edge.com/2508-PUK-14May2014.pdf
Manulife Financial Corp.'s stock fell by 0.11% to close Tuesday's session at $18.82, after oscillating between $18.69 and $18.87. The stock recorded a trading volume of 0.71 million shares, below its three months average volume of 1.55 million shares. Over the last one month, Manulife Financial Corp.'s shares have gained 2.62%. However, over the past three months and from the beginning of 2014, the company's stock has declined 1.05% and 4.61%, respectively. The stock is trading above its 200-day moving average. The company stock's 50-day moving average of $18.96 is above its 200-day moving average of $18.34. Further, the company's stock has an RSI of 49.89. Sign up today to read free research on MFC at:
http://www.investor-edge.com/2508-MFC-14May2014.pdf
On Tuesday, Universal Insurance Holdings Inc.'s stock finished the session 4.14% lower at $11.82. A total of 1.00 million shares were traded, which was above its three months average volume of 0.58 million shares. The stock moved between $11.69 and $12.37 during the session. Over the past three trading sessions and last one month, Universal Insurance Holdings Inc.'s shares have lost 21.88% and 9.15%, respectively. Also, the stock has gone down by 18.37% since the start of this year. The company's shares are trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $13.87 is greater than its 200-day moving average of $10.66. Universal Insurance Holdings Inc.'s stock traded at a PE ratio of 7.30 and it has an RSI of 36.67. Sign up today to read free research on UVE at:
http://www.investor-edge.com/2508-UVE-14May2014.pdf
Shares in Old Republic International Corp. fluctuated between $16.98 and $17.14 before ending Tuesday's session up 0.12%, at $17.05. The company's stock reported a trading volume of 0.94 million shares, below its three months average volume of 1.24 million shares. Further, Old Republic International Corp.'s shares have surged 7.10% over the last one month and 11.15% over the past three months. However, the stock has fallen by 1.27% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $16.22 is greater than its 200-day moving average of $15.86. Moreover, shares of the company traded at a PE ratio of 13.12 and have an RSI of 62.11. Sign up today to read free research on ORI at:
http://www.investor-edge.com/2508-ORI-14May2014.pdf
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