Insurance Stocks Under Scanner -- MBIA Inc., XL Group, Travelers, and Chubb

NEW YORK, May 9, 2017 /PRNewswire/ --

This morning, Stock-Callers.com scans these four stocks: MBIA Inc. (NYSE: MBI), XL Group Ltd (NYSE: XL), The Travelers Cos. Inc. (NYSE: TRV), and Chubb Ltd (NYSE: CB). According to Munich Re, premium volume in the global Property and Casualty Insurance space will grow by an average of 4% (almost 2.5% in real terms) this year and next, adding that projected inflation-adjusted growth will be roughly half a percentage point below global economic growth. You can access our complimentary research reports on these stocks now at: http://stock-callers.com/registration

MBIA Inc. 

Shares in Purchase, New York headquartered MBIA Inc. saw a decline of 1.11%, ending Monday's trading session at $8.00. The stock recorded a trading volume of 955,333 shares. The Company's shares are trading 9.57% below their 50-day moving average. Moreover, shares of MBIA, which provides financial guarantee insurance services to public finance markets in the US and internationally, have a Relative Strength Index (RSI) of 32.66.

On May 05^th, 2017, MBIA Inc. announced that it will host a webcast and conference call for investors on Thursday, May 11^th, 2017, at 8:00 a.m. ET to discuss its Q1 2017 financial results and other issues related to the Company. The financial results press release and 10-Q filing will be issued after the market closes on Wednesday, May 10^th, 2017.  Visit us today and download your complete report on MBI for free at: http://stock-callers.com/registration/?symbol=MBI

XL Group  

Hamilton, Bermuda-based XL Group Ltd's stock declined 1.11%, closing the day at $41.90 with a total trading volume of 1.24 million shares. The Company's shares have advanced 5.28% in the past month, 8.25% in the previous three months, and 13.07% since the start of this year. The stock is trading 3.40% and 14.13% above its 50-day and 200-day moving averages, respectively. Additionally, shares of XL Group, which through its subsidiaries, operates as an insurance and reinsurance company worldwide, have an RSI of 57.21.

On April 25^th, 2017, XL Catlin, the global brand used by XL Group's insurance and reinsurance companies, has expanded its suite of Mergers & Acquisitions insurance products aimed at supporting deals in the global transactional risk market. The solutions are designed for both private equity firms and strategic buyers, as well as for owners and managers looking to exit a business, with an added focus on helping third-party deal advisors execute deals faster and more efficiently.

On April 27^th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $44 a share to $46 a share. The complimentary research report on XL can be accessed at: http://stock-callers.com/registration/?symbol=XL

Travelers  

On Monday, shares in New York-based The Travelers Cos. Inc. recorded a trading volume of 1.39 million shares. The stock ended the day 0.24% lower at $121.01. The Company's shares have advanced 0.39% in the past month and 3.41% in the previous three months. The stock is trading above its 200-day moving average by 3.80%. Furthermore, shares of Travelers Cos., which through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the US and internationally, have an RSI of 49.80.

On April 24^th, 2017, research firm Argus upgraded the Company's stock rating from 'Hold' to 'Buy'.

On May 03^rd, 2017, Travelers Cos. announced that it will redeem the remaining $106,899,000 aggregate principal amount of its 6.25% Fixed-to-Floating Rate Junior Subordinated Debentures due 2067. Following the redemption, none of these Debentures will remain outstanding. The Debentures will be redeemed on June 02^nd, 2017, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to the redemption date. Register for free on Stock-Callers.com and download the PDF research report on TRV at: http://stock-callers.com/registration/?symbol=TRV

Chubb  

Zurich, Switzerland headquartered Chubb Ltd's stock dropped 0.38%, finishing yesterday's session at $137.23 with a total trading volume of 772,203 shares. The Company's shares have advanced 4.41% in the previous three months and 3.87% on an YTD basis. The stock is trading above its 200-day moving average by 5.13%. Additionally, shares of Chubb, which through its subsidiaries, provides insurance and reinsurance products worldwide, have an RSI of 49.14.

On April 26^th, 2017, Chubb, in collaboration with the Pennsylvania Historical and Museum Commission, dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb's oldest subsidiary company. The marker was unveiled during a ceremony at Chubb's office, 436 Walnut Street, Philadelphia, and commemorates INA's 225-year history.

On April 27^th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $140 a share to $153 a share. Get free access to your research report on CB at: http://stock-callers.com/registration/?symbol=CB

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