This Morning's Technical Outlook on Insurance Stocks -- W.R. Berkley, Warrior Met Coal, WMIH, and XL Group
NEW YORK, April 11, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on WRB, HCC, WMIH, and XL which can be accessed for free by signing up to www.wallstequities.com/registration. This morning's research on WallStEquities.com is focused on the Property and Casualty Insurance space, which includes the insurance of personal property (cars or homes) and liability (personal or professional). Under review this morning are the following stocks: W. R. Berkley Corp. (NYSE: WRB), Warrior Met Coal Inc. (NYSE: HCC), WMIH Corp. (NASDAQ: WMIH), and XL Group Ltd (NYSE: XL). All you have to do is sign up today for this free limited time offer by clicking the link below.
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W.R. Berkley
Greenwich, Connecticut-based W.R. Berkley Corp.'s shares gained slightly by 0.53%, closing Tuesday's trading session at $72.65. The stock recorded a trading volume of 435,591 shares, which was above its three months average volume of 419,000 shares. The Company's shares have advanced 0.92% in the last month, 5.14% over the previous three months, and 7.43% over the past year. The stock is trading 2.60% above its 50-day moving average and 5.60% above its 200-day moving average. Additionally, shares of W.R. Berkley, which operates as a commercial lines writer in the US and internationally, have a Relative Strength Index (RSI) of 57.67.
On March 15th, 2018, W.R. Berkley announced that it will release its Q1 2018 earnings after the market closes on April 24th, 2018. The Company has scheduled its quarterly conference call at 5:00 p.m. ET that same day to discuss its earnings and other information. A live audio webcast of the conference call may be accessed on the Company's website. Get the full research report on WRB for free by clicking below at: www.wallstequities.com/registration/?symbol=WRB
Warrior Met Coal
On Tuesday, shares in Brookwood, Alabama headquartered Warrior Met Coal Inc. recorded a trading volume of 1.56 million shares, which was above their three months average volume of 781,530 shares. The stock jumped 6.27%, ending the day at $30.50. The Company's shares have advanced 4.31% in the past month and 10.79% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.76% and 47.92%, respectively. Furthermore, shares of the Company, which produces and exports metallurgical coal for the steel industry, have an RSI of 57.86.
On April 03rd, 2018, Warrior Met Coal announced that its Board of Directors has declared a special cash dividend of approximately $6.53 per share of the Company's common stock, par value $0.01 per share. The special dividend, totaling an aggregate payment of $350 million, will be paid on April 20th, 2018, to stockholders of record as of the close of business on April 13th, 2018. HCC's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=HCC
WMIH
Seattle, Washington headquartered WMIH Corp.'s stock finished the day 4.35% higher at $1.44 with a total trading volume of 637,995 shares. The Company's shares have advanced 1.41% in the last month and 56.90% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 16.43% and 36.54%, respectively. Additionally, shares of WMIH, which engages in reinsurance business with respect to mortgage insurance in runoff mode, have an RSI of 64.56. Register for your free research report on WMIH at: www.wallstequities.com/registration/?symbol=WMIH
XL Group
Shares in Hamilton, Bermuda headquartered XL Group Ltd ended yesterday's session 0.25% higher at $55.39. The stock recorded a trading volume of 3.53 million shares. The Company's shares have surged 60.74% over the previous three months and 39.10% over the past year. The stock is trading 14.94% and 31.10% above its 50-day and 200-day moving averages, respectively. Moreover, shares of XL Group, which through its subsidiaries, operates as an insurance and reinsurance company worldwide, have an RSI of 73.15.
On March 28th, 2018, XL Catlin, the global brand used by XL Group's insurance and reinsurance companies, announced that it has promoted Melissa McDermott to Head of Pricing for Global Lines. In her new role, Ms. McDermott will be responsible for driving portfolio and technical excellence across the Global Lines portfolio. As part of this role, she will sit on the pricing leadership team as well as the Global Lines leadership team.
On April 02nd, 2018, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight' while revising its previous target price from $50 a share to $58 a share. Wall St. Equities' downloadable research report on XL is available at: www.wallstequities.com/registration/?symbol=XL
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