Market Momentum on Insurance Stocks -- Research on Assured Guaranty, Fidelity National Financial, Ambac Financial, and XL Group

By PR Newswire,  June 03, 2014, 07:40:00 AM EDT


Editor Note: For more information about this release, please scroll to bottom.

LONDON, June 3, 2014 /PRNewswire/ --

On Monday, June 02, 2014, the NASDAQ Composite ended at 4,237.20, down 0.13%, the Dow Jones Industrial Average advanced 0.16%, to finish the day at 16,743.63, and the S&P 500 closed at 1,924.97, up 0.07%. The gains were broad based six out of ten sectors ended the session in positive. The S&P 500 Financials Sector Index ended the day at 300.59, up 0.27%, with the index also advancing 2.92% in the last three months. Investor-Edge has initiated coverage on the following equities: Assured Guaranty Ltd (NYSE:AGO), Fidelity National Financial Inc. (NYSE:FNF), Ambac Financial Group Inc. (NASDAQ:AMBC) and XL Group PLC (NYSE:XL). Free technical research on AGO, FNF, AMBC and XL can be downloaded upon signing up at:



http://www.investor-edge.com/3345-register



On Monday, shares in Assured Guaranty Ltd traded between $24.28 and $24.68 before ending the session 0.45% lower at $24.31. Assured Guaranty Ltd's stock reported a trading volume of 1.49 million shares, below its three months average volume of 2.02 million shares. Shares of the company traded at a PE ratio of 9.31. Assured Guaranty Ltd's shares have fallen by 0.57% in the last one month and 0.98% in the last three months. However, the company's stock has gained 3.05% since start of this year. The stock is trading above its 200-day moving average of $22.61, while the 200-day moving average is below Assured Guaranty Ltd's 50-day moving average of $24.64. Moreover, shares of the company have a Relative Strength Index (RSI) of 46.86. Sign up today to read free research on AGO at:



http://www.investor-edge.com/3345-AGO-03Jun2014.pdf



Fidelity National Financial Inc.'s stock finished the Monday's session 0.57% lower at $33.15. A total of 0.93 million shares were traded, which was below its three months average volume of 2.40 million shares. The stock moved between $32.78 and $33.44 during the session. Although, Fidelity National Financial Inc.'s share has lost 0.21% in the previous three trading sessions, it has advanced 0.27% in the last three months and 2.16% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $32.40 is greater than its 200-day moving average of $29.69. Fidelity National Financial Inc.'s stock traded at a PE ratio of 17.60 and has an RSI of 54.78. Sign up today to read free research on FNF at:



http://www.investor-edge.com/3345-FNF-03Jun2014.pdf



Ambac Financial Group Inc.'s stock edged 0.89% higher, to close the day at $28.42. The stock recorded a trading volume of 0.34 million shares, much below its three months average volume of 0.68 million shares. The stock oscillated between $27.71 and $28.51 during the session. Over the last three trading sessions and since beginning of this year, Ambac Financial Group Inc.'s shares have gained 0.42% and 15.72%, respectively. However, the stock has declined 5.11% in the last one month. The stock is trading above its 200-day moving average of $24.81, while the 200-day moving average is below Ambac Financial Group Inc.'s 50-day moving average of $29.80. Additionally, the stock has an RSI of 37.93. Sign up today to read free research on AMBC at:



http://www.investor-edge.com/3345-AMBC-03Jun2014.pdf



On Monday, shares in XL Group PLC recorded a trading volume of 0.97 million shares, lower than its three months average volume of 1.85 million shares. The stock ended the day at $32.49, which was 0.09% above its previous day's closing of $32.46, and registered an intraday range of $32.34 and $32.65. Shares of the company traded at a PE ratio of 10.36. XL Group PLC's shares have gained 2.07% in the last one month and 6.88% in the previous three months. Additionally, from the beginning of 2014, the company's stock has gained an upside of 2.04%. The company's stock is trading above its 50-day and 200-day moving averages of $31.51 and $30.78, respectively. Furthermore, shares of the company have an RSI of 62.85. Sign up today to read free research on XL at:



http://www.investor-edge.com/3345-XL-03Jun2014.pdf



EDITOR'S NOTES:



1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.



2. Information in this release is produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.



3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.



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SOURCE Investor-Edge



This article appears in: News Headlines

Referenced Stocks: AGO, AMBC, FNF, XL


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