Morning Analysis on Insurance Stocks -- Manulife Financial, Genworth Financial, ACE Ltd, MBIA, and Old Republic Intl
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LONDON, August 21, 2014 /PRNewswire/ --
On Wednesday, August 20, 2014, the NASDAQ Composite ended at 4,526.48, down 0.02%, the Dow Jones Industrial Average finished the day 0.35% higher at 16,979.13, and the S&P 500 closed at 1,986.51, up 0.25%. The gains were broad based as eight out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 308.48, up 0.30%, with the index also advancing 5.57% in the previous three months. Investor-Edge has initiated coverage on the following equities: Manulife Financial Corporation (NYSE: MFC), Genworth Financial Inc. (NYSE: GNW), ACE Ltd (NYSE: ACE), MBIA Inc. (NYSE: MBI), and Old Republic International Corporation (NYSE: ORI). Free research on these five companies can be accessed at:
http://investor-edge.com/register
Manulife Financial Corp.'s stock edged 0.40% higher, to close the day at $19.98. The stock recorded a trading volume of 1.37 million shares, close to its three months average volume of 1.34 million shares. The stock oscillated between $19.79 and $20.05 during the session. Over the last three trading sessions and over the past three months, Manulife Financial Corp.'s shares have gained 1.16% and 9.84%, respectively. Further, the stock has advanced 1.27% since the start of this year. The company's stock is trading above its 50-day and 200-day moving averages. Manulife Financial Corp.'s 50-day moving average of $19.96 is above its 200-day moving average of $19.20. Additionally, the stock has a Relative Strength Index (RSI) of 46.76. Sign up and read the free notes on MFC at:
http://www.Investor-Edge.com/MFC-21Aug2014
On Wednesday, shares in Genworth Financial Inc. recorded a trading volume of 4.35 million shares, lower than its three months average volume of 6.59 million shares. The stock ended the day at $13.78, which was 0.14% below its previous day's closing of $13.80, and registered an intraday range of $13.68 and $13.93. Shares of the company traded at a PE ratio of 10.39. Although Genworth Financial Inc.'s shares have gained 2.76% in the previous three trading sessions, it has lost 16.43% in the last one month and 11.27% on YTD basis. The company's stock is trading below its 50-day and 200-day moving averages of $15.92 and $16.14, respectively. Furthermore, shares of Genworth Financial Inc. have an RSI of 38.77. The complimentary notes on GNW can be downloaded as in PDF format at:
http://www.Investor-Edge.com/GNW-21Aug2014
ACE Ltd's stock edged 0.14% higher, to close Wednesday's session at $104.38, after oscillating between $103.71 and $104.52. The stock recorded a trading volume of 1.43 million shares, above its three months average volume of 1.16 million shares. Over the last three trading sessions and previous three months, ACE Ltd's shares have advanced 0.85% and 1.67%, respectively. Additionally, from the beginning of 2014, the stock has gained 0.82%. The company's stock is trading above its 50-day and 200-day moving averages. The stock's 50-day moving average of $103.42 is above its 200-day moving average of $100.39. Further, ACE Ltd's stock traded at a PE ratio of 10.90 and has an RSI of 62.52. Register for free on Investor-Edge and access the latest research on ACE at:
http://www.Investor-Edge.com/ACE-21Aug2014
MBIA Inc.'s stock finished Wednesday's session 1.44% lower at $10.29. A total of 2.47 million shares were traded, which was below its three months average volume of 3.34 million shares. The stock moved between $10.21 and $10.44 during the session. Although, MBIA Inc.'s shares have gained 6.41% in the last one month, it has declined 1.91% in the last three trading sessions and 13.82% on YTD basis. The company's shares are trading below their 50-day and 200-day moving averages. Moreover, the stock's 200-day moving average of $11.93 is greater than its 50-day moving average of $10.55. MBIA Inc.'s stock has an RSI of 60.43. The complete research on MBI is available for free at:
http://www.Investor-Edge.com/MBI-21Aug2014
On Wednesday, shares in Old Republic International Corp. traded between $14.81 and $14.99 before ending the session 0.27% higher at $14.94. The stock reported a trading volume of 0.88 million shares, below its three months average volume of 1.55 million shares. Shares of the company traded at a PE ratio of 14.13. Over the last one month and since the beginning of this year, Old Republic International Corp.'s shares have declined 10.91% and 13.49%, respectively. However, the stock has gained 1.22% in the previous three trading sessions. The company's stock is trading below its 50-day and 200-day moving averages of $15.98 and $16.30, respectively. Moreover, shares of Old Republic International Corp. have an RSI of 41.87. Free in depth research on ORI is available at:
http://www.Investor-Edge.com/ORI-21Aug2014
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