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

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

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED