StockCall Pre-Market Review on Radian, MBIA Inc., Allstate, and Progressive

 StockCall Pre-Market Review on Radian, MBIA Inc., Allstate, and Progressive

PR Newswire

LONDON, March 22, 2013

LONDON, March 22, 2013 /PRNewswire/ --

Property and casualty insurance companies such as Radian Group Inc. (NYSE:
RDN), MBIA Inc. (NYSE: MBI), The Allstate Corporation (NYSE: ALL), and The
Progressive Corporation (NYSE: PGR) face significant challenges in 2013. While
the U.S. economy has shown signs of improvement, there is still some way to go
before it fully recovers from the 2009 financial crisis. Apart from the
economy, the other major concerns for insurers are record low interest rates
and rising natural catastrophe-related losses. On Thursday, property and
casualty insurers ended mostly lower, tracking losses in the broad market,
which tumbled on concerns over Cyprus. StockCall analysts initiated
preliminary technical research on RDN, MBI, ALL, and PGR. These free reports
are accessible by signing today at

Radian Group Inc.'s shares slipped in trading on Thursday, however, the losses
were limited. The stock closed 0.20% lower at $10.11 on volume of 6.73
million. Radian's shares are currently trading close to their 52-week high of
$10.95. Despite the challenges facing the insurance industry, the company's
shares have had an excellent run so far in 2013. Year-to-date, the stock has
gained more than 65%, easily outperforming the broad market. However, the
stock's MACD chart is currently giving bearish signals. The stock's MACD has
recently crossed below the signal line. The free technical analysis on RDN is
available by signing up at

Shares of MBIA Inc. fell sharply in yesterday's trading session, extending its
losses for the week. MBIA's shares ended the day 3.55% lower at $11.15 on
volume of 3.05 million. The stock has now fallen more than 6.80% for the week.
Despite the recent pullback, the insurance company's shares have gained more
than 42% for the year, outperforming the S&P 500, which has gained nearly
8.40% in the same period. Shares of MBI have seen a series of lows over the
past few sessions, which is a bearish signal. The negative signal is further
confirmed by recent volume activity and the stock's MACD chart. Register now
to download the free research on MBI at

Shares of The Allstate Corporation ended marginally lower on Thursday. The
stock closed 0.27% lower at $47.80 on volume of 2.15 million. Earlier in the
day, the stock had risen to a high of $48.13. However, Allstate's shares
failed to hold on to their gains. The stock is currently trading close to its
52-week high of $48.30. Year-to-date, it has gained nearly 20%, outperforming
the broad market. The stock's MACD recently crossed below the signal line,
which is a bearish signal. The negative trend is further confirmed by the
volume activity in the last few trading sessions. A free report on ALL can be
accessed by registering at

Shares of The Progressive Corporation edged lower in trading yesterday,
however, the losses were limited. The stock closed 0.36% lower at $24.84 on
volume of 2.75 million on Thursday. Progressive Corp.'s shares are hovering
around their 52-week high of $25.38. The stock has seen a series of highs
since the start of this year, which is a bullish signal. Year-to-date, it has
gained more than 19%, outperforming the S&P 500. The company's shares are
trading well above their 50-day and 200-day moving averages. Register with
StockCall and download the research on PGR for free at

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Contact: William T. Knight, Email:, Contact Number:
+1(646)396-9857 (9:00 am EST - 01:30 pm EST)
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