Insurance Stocks Surge in Morning Session (AIG, ABK, MET, PMI, RDN, MBI)
Top Insurance Stocks.
(EMAILWIRE.COM, March 10, 2010 ) Dallas, Tx - MetLife, Inc. (NYSE:MET) climbed 3.09% over its previous day’s price and now trades at $42.17. The stock today also touched a new 52 week high at $42.18. So far in this year the stock went up over 18%.
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American International Group, Inc. (NYSE:AIG) spurted 10.50% to $36.21 after it announced that an underwritten public offering of 8,466,693 shares of Transatlantic Holdings, Inc. (TRH) common stock owned by American Home Assurance Company (AHAC), a subsidiary of American International Group, Inc., was priced at a public offering price of $53.35 per share. Goldman, Sachs & Co., Wells Fargo Securities and BofA Merrill Lynch, the underwriters of the offering, have a 30-day option to purchase up to an additional 725,969 shares of TRH common stock from AHAC. As previously announced, the underwriters have entered into an agreement under which TRH will purchase two million of the shares owned by AHAC in the offering.
Ambac Financial Group, Inc. (NYSE:ABK) soared 6.43% to $0.825. The stock has a 52-week range of $0.42-$2.09.
The PMI Group, Inc. (NYSE:PMI) climbed 10.06% over its previous day’s price and now trades at $3.39. The stock has a 52-week range of $0.26-$4.96. So far in this year the stock went up over 34%.
Radian Group Inc. (NYSE:RDN) zoomed 6.84% to $11.87 after Piper Jaffray upgrades the stock from Underweight to Neutral. Price target raised from $7 to $9.
MBIA Inc. (NYSE:MBI) rallied 4.18% to $5.73. The stock has a 52-week range of $3.16-$8.54. So far in this year the stock went up over 43%.
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American International Group, Inc. (NYSE:AIG) spurted 10.50% to $36.21 after it announced that an underwritten public offering of 8,466,693 shares of Transatlantic Holdings, Inc. (TRH) common stock owned by American Home Assurance Company (AHAC), a subsidiary of American International Group, Inc., was priced at a public offering price of $53.35 per share. Goldman, Sachs & Co., Wells Fargo Securities and BofA Merrill Lynch, the underwriters of the offering, have a 30-day option to purchase up to an additional 725,969 shares of TRH common stock from AHAC. As previously announced, the underwriters have entered into an agreement under which TRH will purchase two million of the shares owned by AHAC in the offering.
Ambac Financial Group, Inc. (NYSE:ABK) soared 6.43% to $0.825. The stock has a 52-week range of $0.42-$2.09.
The PMI Group, Inc. (NYSE:PMI) climbed 10.06% over its previous day’s price and now trades at $3.39. The stock has a 52-week range of $0.26-$4.96. So far in this year the stock went up over 34%.
Radian Group Inc. (NYSE:RDN) zoomed 6.84% to $11.87 after Piper Jaffray upgrades the stock from Underweight to Neutral. Price target raised from $7 to $9.
MBIA Inc. (NYSE:MBI) rallied 4.18% to $5.73. The stock has a 52-week range of $3.16-$8.54. So far in this year the stock went up over 43%.
About http://www.PennyStockPickReport.com
Penny Stock Pick Report offers a stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks ,most active movers, top gainers, penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.
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Jim
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PickReport
Jim
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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