StockCall Study on Prudential Financial, MetLife, Manulife Financial, and Protective Life
StockCall Study on Prudential Financial, MetLife, Manulife Financial, and Protective Life -- LONDON, March 28, 2013 /PRNewswire/ --
LONDON, March 28, 2013 /PRNewswire/ --
Life insurers are facing significant challenges. The industry has been adapting to the changing regulatory environment since the financial crisis of 2009. Meanwhile, record low interest rates in the developed world are also putting pressure on the life insurance industry. For insurers such as Prudential Financial Inc. (NYSE: [ PRU ]), MetLife Inc. (NYSE: [ MET ]), Manulife Financial Corporation (USA) (NYSE: [ MFC ]), and Protective Life Corp. (NYSE: [ PL ]), the key will be to divest non-core assets and focus on achieving operating efficiencies. Life insurance companies are also looking to boost their presence in emerging markets, which will be the main growth drivers going forward. Insurance stocks ended mostly lower in Wednesday's trading session as the broad market struggled amid concerns over the Eurozone debt crisis. StockCall free coverage on PRU, MET, MFC, and PL is available upon registration at
[ http://www.stockcall.com/register ]
Shares of Prudential Financial Inc. slipped in trading on Wednesday. The stock fell to an intra-day low of $58.58 before finishing the day 0.81% lower at $59.11 on volume of 2.03 million. The life insurance company's shares are currently trading 5% below their 52-week high of $62.22. The stock has had an excellent run so far in 2013, gaining more than 11.60%. Prudential Financial's shares currently face stiff resistance at around $60. The stock's MACD has just crossed below the signal line, which is a strong bearish signal. Download the free technical research on PRU by signing up at
[ http://www.StockCall.com/PRU032813.pdf ]
Shares of MetLife Inc. fell sharply yesterday. The stock ended the day 1.09% lower at $38.16 on volume of 5.78 million after touching an intra-day low of $37.65. The company's shares have gained more than 16% this year, easily outperforming the S&P 500. The stock's technical indicators, however, suggest that market sentiment has turned bearish. The negative trend is confirmed by recent volume activity as well as by the stock's MACD chart. The MACD recently crossed below the signal line. The company's shares currently have strong support at $38. Register now and get access to the free analysis on MET at
[ http://www.StockCall.com/MET032813.pdf ]
Shares of Manulife Financial Corporation struggled in trading on Wednesday, extending their losses from previous trading session. The stock ended the day 1.49% lower at $14.55 on volume of 1.22 million, taking its losses in the last three sessions to more than 2%. Despite recent losses, the insurance company's shares are up more than 8% for the year. The stock is currently trading more than 6% below its 52-week high of $15.57. Manulife's shares have slipped below their 50-day moving average as a result of the recent decline. This is a bearish signal. The downbeat trend is further confirmed by the stock's MACD chart. Sign up and read the complimentary report on MFC at
[ http://www.StockCall.com/MFC032813.pdf ]
Protective Life Corp.'s shares edged lower in yesterday's trading session. The stock ended the day 0.22% lower at $35.78 on above average volume of 466,612. Despite the pullback, Protective Life's shares have gained nearly 2.70% in the last three sessions. Year-to-date, the stock has gained nearly 26%. The stock has seen a series of highs since the start of this year, which is a bullish signal. The stock's MACD has also crossed above the signal line, which further confirms the bullish trend. The free report on PL can be downloaded by signing up now at
[ http://www.StockCall.com/PL032813.pdf ]
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