10.01.2017 13:20:00
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Technical Reports on Insurance Equities -- WMIH, First American Financial, AmTrust Financial Services, and Cincinnati Financial
NEW YORK, January 10, 2017 /PRNewswire/ --
Stock-Callers.com is currently assessing four equities which are: WMIH Corp. (NASDAQ: WMIH), First American Financial Corp. (NYSE: FAF), AmTrust Financial Services Inc. (NASDAQ: AFSI), and Cincinnati Financial Corp. (NASDAQ: CINF). According to Kroll Bond Rating Agency, the US Property and Casualty Insurance industry this year will continue to face challenges such as a difficult pricing environment and increased competition from alternative capital. Additionally, commercial lines, reinsurance, and catastrophe reinsurance are all expected to see low, single-digit rate decreases in 2017. Today's research reports on the aforementioned stocks are downloadable for free upon registration at: http://stock-callers.com/registration
WMIH Corp.
On Monday, Seattle, Washington headquartered WMIH Corp.'s stock recorded a trading volume of 962,131 shares, and ended the session 3.33% lower at $1.45. The Company's shares are trading 11.86% below their 50-day moving average. Shares of the Company, which through its subsidiary, WM Mortgage Reinsurance Company, Inc., engages in reinsurance business with respect to mortgage insurance in runoff mode, have a Relative Strength Index (RSI) of 43.80.
As per a SEC filing dated November 23rd, 2016, WMIH and WMI Liquidating Trust (the "Trust") on November 18th, 2016, entered into an Amendment No. 3 to the Transition Services Agreement that amended and supplemented certain provisions of the Transition Services Agreement originally entered into by and between the Company and the Trust on March 22nd, 2012. The Amendment was entered into primarily as a result of the Company entering into a new lease for office space. Under the Amendment, the Trust is no longer obligated to provide office space to the Company. Visit us today and access our complete research report on WMIH at:
http://stock-callers.com/registration/?symbol=WMIH
First American Financial
Santa Ana, California headquartered First American Financial Corp.'s stock closed the day 0.24% lower at $37.41, with a total trading volume of 719,762 shares. The Company's shares have advanced 2.69% in the past month and 2.13% since the start of this year. The stock is trading 0.46% below its 50-day moving average. Additionally, shares of First American Financial, which through its subsidiaries, provides financial services, have an RSI of 50.60.
On January 04th, 2017, First American Mortgage Solutions, LLC, a subsidiary of First American Financial, announced the completion of its integration with LoanLogics, a recognized technology leader in loan quality management and performance analytics. The integration provides users of LoanLogics' LoanHD® platform with streamlined access to FraudGuard®, First American's data-driven decision-support tool that helps lenders comply with regulations, improve the speed and efficiency of application reviews, and increase loan quality. The complimentary report on FAF can be downloaded at:
http://stock-callers.com/registration/?symbol=FAF
AmTrust Financial Services
Shares in New York-based AmTrust Financial Services Inc. recorded a trading volume of 564,092 shares, and ended yesterday's trading session 1.60% lower at $27.06. The stock has advanced 1.79% in the past month and 2.75% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 2.33% and 5.58%, respectively. Furthermore, shares of AmTrust Financial Services, which through its subsidiaries, underwrites and provides property and casualty insurance in the US and internationally, have an RSI of 50.54.
As per a SEC filing dated December 22nd, 2016, AmTrust Financial Services, effective December 19th, 2016 entered into Amendment No. 7 to its Credit Agreement dated September 12th, 2014, with JPMorgan Chase Bank, N.A., as Administrative Agent, KeyBank National Association and SunTrust Bank, as Co-Syndication Agents, Lloyds Bank PLC and Associated Bank, as Co-Documentation Agents, and the various lending institutions party thereto. The Amendment expands the restrictive covenants related to (1) indebtedness and liens to allow the Company's insurance subsidiaries to access additional liquidity through secured loan facilities made available by such subsidiary's membership in the Federal Home Loan Bank system; and (2) liens to secure intercompany loans between the Company and its subsidiaries or between the Company's subsidiaries, as long as the aggregate principal amount of such secured intercompany loans does not exceed $200 million at any time outstanding. Register for free on Stock-Callers.com and access the latest research report on AFSI at:
http://stock-callers.com/registration/?symbol=AFSI
Cincinnati Financial
Fairfield, Ohio headquartered Cincinnati Financial Corp.'s stock finished Monday's session 1.69% lower at $74.50, with a total trading volume of 382,196 shares. The Company's shares are trading above their 50-day and 200-day moving averages by 0.41% and 3.94%, respectively. Shares of the Company, which engages in the property casualty insurance business in the US, have an RSI of 43.26.
On January 04th, 2017, Cincinnati Financial announced that it will broadcast its conference call to discuss Q4 2016 and FY16 results on February 09th, 2017 at 11 a.m. ET. The Company plans to release its results on February 08th, 2017 after the close of regular trading on the NASDAQ Stock Market. Get free access to your research report on CINF at:
http://stock-callers.com/registration/?symbol=CINF
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Aktien in diesem Artikel
Cincinnati Financial Corp. | 149,70 | 1,73% | |
First American Financial Corp | 67,64 | 1,84% |