Research Reports Coverage on Insurance Stocks -- First American Financial, Cincinnati Financial, Allied World Assurance, and AXIS Capital
November 22, 2016 at 07:25 AM EST
NEW YORK, November 22, 2016 /PRNewswire/ --
Stock-Callers.com has initiated reports coverage on these Property and Casualty Insurance firms: First American Financial Corp. (NYSE: FAF), Cincinnati Financial Corp. (NASDAQ: CINF), Allied World Assurance Co. Holdings AG (NYSE: AWH), and AXIS Capital Holdings Ltd (NYSE: AXS). According to international broker Marsh, global insurance rates dropped for a 14th consecutive quarter, albeit moderately in the past three months. The Marsh Global Index stood at 0.908 from July to September, declining to a new low from 0.915 in the previous quarter. These stocks research reports can be downloaded now by simply registering for free at:
First American Financial
On Monday, shares in California headquartered First American Financial Corp. recorded a trading volume of 778,178 shares, which was above their three months average volume of 661,610 shares. The stock ended the session 0.08% lower at $38.51. The Company's shares have gained 9.61% on an YTD basis. The stock is trading 0.05% above its 200-day moving average. Moreover, shares of First American Financial, which through its subsidiaries, provides financial services, have a Relative Strength Index (RSI) of 46.31.
On November 08th, 2016, First American Financial announced that its board of directors has declared a quarterly cash dividend of $0.34 per common share. The cash dividend is payable on December 15th, 2016, to shareholders of record as of December 08th, 2016. Your complete research report on FAF can be retrieved for free at:
Fairfield, Ohio headquartered Cincinnati Financial Corp.'s stock closed the day 0.85% higher at $75.10. A total volume of 781,758 shares was traded, which was higher than their three months average volume of 566,730 shares. The Company's shares have advanced 4.96% in the past month and 29.58% since the start of this year. The stock is trading 2.47% above its 50-day moving average and 7.56% above its 200-day moving average. Additionally, shares of Cincinnati Financial, which engages in the property casualty insurance business in the US, have an RSI of 64.50.
On November 18th, 2016, Cincinnati Financial's board of directors declared a $0.48 per-share regular quarterly cash dividend. The dividend is payable January 17th, 2017, to shareholders of record as of December 21st, 2016. Steven J. Johnston, President and Chief Executive Officer, commented: "The dividend just declared matches the one paid in October, which marked the 56th consecutive year that our annual cash dividend increased." CINF free report is just a click away at:
Shares in Zug, Switzerland headquartered Allied World Assurance Co. Holdings AG recorded a trading volume of 473,780 shares, which was higher than their three months average volume of 461,840 shares. The stock ended yesterday's trading session 0.70% higher at $46.35. The Company's shares have advanced 8.14% in the past month, 15.38% over the previous three months, and 24.63% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.71% and 21.96%, respectively. Furthermore, shares of Allied World Assurance, which through its subsidiaries, provides property, casualty, and specialty insurance and reinsurance solutions worldwide, have an RSI of 75.91.
On November 15th, 2016, Allied World Assurance announced that Jacqueline Hall-Shaw has been appointed Vice President, Professional Lines Division, based in London. She will report to Martin Heathfield, Senior Vice President, Professional Lines. Ms. Hall-Shaw has more than 15 years of experience in the insurance industry. She joins Allied World from Travelers Insurance Company, where she was Head of Financial Institutions. She has previously held roles at Axis Specialty Europe, Brit Insurance' and Liberty Mutual. Sign up for your complimentary research report on AWH at:
Pembroke, Bermuda headquartered AXIS Capital Holdings Ltd's stock finished Monday's session 0.02% higher at $61.21. A total volume of 474,724 shares was traded, which was above their three months average volume of 434,330 shares. The Company's shares have advanced 10.77% in the last one month, 10.79% over the previous three months, and 11.03% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.06% and 12.14%, respectively. Additionally, shares of AXIS Capital Holdings, which together with its subsidiaries, provides specialty lines insurance and treaty reinsurance products worldwide, have an RSI of 70.21.
As per notes filed with the SEC on November 07th, 2016, AXIS Capital issued 220,000 shares of its 5.50% Series E Preferred Shares, par value of $0.0125 per share and with a liquidation preference of $2,500 per Series E Preferred Share, which were deposited against delivery of depositary receipts evidencing 22,000,000 depositary shares, each representing 1/100th of a Share, issued by Computershare Inc. and Computershare Trust Company, N.A., jointly as depositary.
On November 15th, 2016, research firm Goldman downgraded the Company's stock rating from 'Neutral' to 'Sell'. Register for free on Stock-Callers.com and download the latest research report on AXS at:
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