Before the Bell Scans of CNO Financial, Assurant, ING Groep, and Old Republic Intl.
Before the Bell Scans of CNO Financial, Assurant, ING Groep, and Old Republic... -- LONDON, March 25, 2013 /PRNewswire/ --
LONDON, March 25, 2013 /PRNewswire/ --
The insurance industry is slowly adapting to new capital and regulatory requirements even as they operate in a challenging market environment. The industry is facing slow growth and is under pricing pressure, however, the main focus for insurers such as CNO Financial Group Inc. (NYSE: [ CNO ]), Assurant Inc. (NYSE: [ AIZ ]), ING Groep N.V. (NYSE: [ ING ]) and Old Republic International Corporation (NYSE: [ ORI ]) will be to improve operating efficiencies. The industry is also focusing on divesting non-core assets. On Friday, insurance stocks ended on a mixed note even as the broad market rallied after concerns over Cyprus's bailout deal eased a little. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on CNO, AIZ, ING, and ORI at
[ http://www.stockcall.com/registration ]
Shares of CNO Financial Group Inc. ended lower on Friday; however, the losses were limited. The stock closed 0.09% lower at $11.46 on volume of 2.22 million. CNO Financial's shares fell more than 1.10% last week. Despite the pullback last week, the company's shares have had an excellent run so far in 2013, gaining more than 23%. Shares of CNO have slipped below $11.50 support level, which is a bearish signal. The stock's MACD has also crossed below the signal line, which further confirms the bearish trend. Sign up today to read the free research report on CNO at
[ http://www.StockCall.com/CNO032513.pdf ]
Assurant Inc.'s shares edged higher in trading on Friday. The stock ended the day 0.39% higher at $44.02 on above average volume of 1.37 million. Assurant's shares are currently trading close to their 52-week high of $44.79. The stock has had an excellent run so far in 2013, gaining more than 27%. Shares of AIZ have seen a series of highs over the last few weeks. However, the stock's MACD has just crossed below the signal line, which suggests that market sentiment has turned bearish on the stock. Register to download the free technical analysis on AIZ at
[ http://www.StockCall.com/AIZ032513.pdf ]
Netherlands-based ING Groep N.V. saw a sharp decline in its shares last week. The stock tumbled nearly 8% for the week. On Friday, it fell 1.53% to finish the day at $7.70 on volume of 2.42 million. Year-to-date, the stock has now fallen more than 18.80%. The stock has slipped below $7.75 support level, which is a bearish signal. The bearish trend is further confirmed by the stock's MACD chart. Shares of ING are currently trading well below their 50-day and 200-day moving averages. Free report on ING can be accessed by registering at
[ http://www.StockCall.com/ING032513.pdf ]
Old Republic International Corporation shares edged higher in trading on Friday, tracking gains in the broad market. The stock rose to a 52-week high of $12.76 at the end of last week's session before finishing the day 0.24% higher at $12.65 on above average volume of 2.08 million. Old Republic's shares have outperformed the broad market so far this year, gaining more than 20%. The stock has seen a series of highs since the start of this year, which is a strong bullish signal. The stock's MACD is currently trading above the signal line and the zero-line, which further confirms the bullish trend. Register with StockCall and download the research on ORI for free at
[ http://www.StockCall.com/ORI032513.pdf ]
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