Coverage Initiated on Select Property and Casualty Insurance Equities

LONDON, UK / ACCESSWIRE / July 18, 2016 / Active Wall St. announces the list of stocks for today’s coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Property & Casualty Insurance industry. Companies recently under review include Old Republic International, Chubb, AmTrust Financial Services, and Cincinnati Financial. See our complete notes on Old Republic International at:

http://www.activewallst.com/registration-3/?symbol=ORI

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/

As the U.S. Property and Casualty Insurance space continues to face a wave of challenges, industry operators are looking at emerging markets for growth, broadening their assets, and increasing M&A activities. Let us see how these are affecting some of the big names in the industry. Register with us now for your free membership and more at:

http://www.activewallst.com/register/

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Old Republic International Corp. (NYSE: ORI)

Last Friday, Chicago, Illinois-based Old Republic International Corp.’s stock saw a slight decline of 0.21%, to close the day at $19.47 with a total volume of 801,960 shares traded. The Company’s shares have advanced 5.36% in the last month, 7.62% in the previous three months, and 6.65% on an YTD basis. The stock is trading 2.97% above its 50-day moving average and 8.31% above its 200-day moving average. Additionally, shares of Old Republic International, which through its subsidiaries, engages in the insurance underwriting and related services business primarily in the U.S. and Canada, have a Relative Strength Index (RSI) of 60.23.

On June 6th, 2016 Old Republic Surety Company announced the addition of Chaz Cointment (quit-ma) as Bond Manager for its Kansas City, Kansas contract branch office located in Overland Park, Kansas.

Chubb Ltd (NYSE: CB)

Shares in Zurich, Switzerland headquartered Chubb Ltd saw a slight drop of 0.25%, finishing the session at $129.57. The stock recorded a trading volume of 1.07 million shares. The Company’s shares have gained 4.28% in the last month, 7.47% over the previous three months, and 11.51% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.69% and 10.59%, respectively. Furthermore, shares of Chubb, which provides property and casualty insurance and reinsurance products globally, have an RSI of 57.45.

On June 24th, 2016 Chubb received top honors at the 2016 Advisen Cyber Risk Awards in two categories: Cyber Risk Innovation of the Year and Pre-Breach Team of the Year. Now in its third year, the Advisen Cyber Risk Awards winners are determined by the largest number of votes received from members of the insurance community. The complimentary note on CB can be accessed at:

http://www.activewallst.com/registration-3/?symbol=CB

AmTrust Financial Services Inc. (NASDAQ: AFSI)

New York-based AmTrust Financial Services Inc.’s stock finished 0.31% lower at $25.32 last Friday at the close. A total volume of 860,971 shares was traded, which was above their three months average volume of 825,280 shares. The Company’s shares have advanced 2.20% in the past month and 1.51% in the previous three months. The stock is trading below its 50-day moving average by 0.19%. Additionally, shares of AmTrust Financial Services, which through its subsidiaries, underwrites and provides property and casualty insurance in the U.S. and globally, have an RSI of 57.11.

On June 16th, 2016 AmTrust Financial Services announced that it has acquired Total Program Management LLC (TPM) for cash. TPM is a managing general agency focused on programs that offer workers’ compensation insurance to the health care industry. In 2015, TPM was responsible for insurance premium totaling $47.1 million. Register for free and access the note on AFSI at:

http://www.activewallst.com/registration-3/?symbol=AFSI

Cincinnati Financial Corp. (NASDAQ: CINF)

Shares in Fairfield, Ohio headquartered Cincinnati Financial Corp. ended the session 1.04% lower at $75.96. The stock recorded a trading volume of 817,582 shares, which was above its three months average volume of 596,440 shares. The Company’s shares have surged 10.73% in the last month, 16.11% over the previous three months, and 30.22% on an YTD basis. The stock is trading 8.48% above its 50-day moving average and 21.94% above its 200-day moving average. Moreover, shares of Cincinnati Financial, which engages in the property casualty insurance business in the U.S., have an RSI of 70.39.

On July 14th, 2016 Cincinnati Financial Corp. announced that The Cincinnati Insurance Companies’ property casualty group expects its second-quarter results to include pretax catastrophe losses of approximately $160 million to $170 million, representing an impact on the second-quarter 2016 combined ratio of approximately 14.4% to 15.3%, based on estimated property casualty earned premiums.

On July 15th, 2016, research firm MKM Partners reiterated its ‘Buy’ rating with an increase of the target price to $90 a share from $80 a share for the Company’s stock. CINF free note is just a click away at:

http://www.activewallst.com/registration-3/?symbol=CINF

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SOURCE: Active Wall Street

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