Technical Analysis on Assured Guaranty and Old Republic Intl.:Surety and Title Insurers Neutral
25 Jan, 2013, 13:00 GMT
LONDON, January 25, 2013 /PRNewswire/ --
The road to recovery for surety and title insurers continues to be one of the longest in the financial sector. Significant gains may be challenging to come by but the steady improvements seen from Assured Guaranty Ltd. (NYSE: AGO) and Old Republic Ltd (NYSE: ORI) are indicative of a much more stable industry. StockCall has released its latest technical analysis report on these two surety and title insurers. Register now and download these free reports at
http://www.stockcall.com/register
The road to recovery for surety and title insurers continues to be one of the longest in the financial sector. Significant gains may be challenging to come by but the steady improvements seen from Assured Guaranty Ltd. (NYSE: AGO) and Old Republic Ltd (NYSE: ORI) are indicative of a much more stable industry. StockCall has released its latest technical analysis report on these two surety and title insurers. Register now and download these free reports at
Progress for the industry hit a speed bump this month though, following Moody's downgrade of Assured Guaranty. Investors and analysts quickly came to the defense of the insurer though and there is a growing consensus that the downgrade was not warranted. However, it does support the idea of the industry being at a crossroads, capable of moving in any direction. Soon after the downgrade, Assured Guaranty announced that it will launch a new municipal-only financial guaranty agency later in the year. The complete technical analysis on Assured Guaranty can be accessed for free at
http://www.StockCall.com/AGO012513.pdf
On the earnings side of things, Old Republic International Corp. [Free report on ORI](1) reported their fourth quarter and full year 2012 results yesterday. As per the release full year and fourth quarter 2012 operating results benefited from substantial improvements in title insurance and much reduced losses in the combined mortgage guaranty and consumer credit indemnity run-off books of business. For both the latest quarter and year, however, general insurance profits dropped measurably as an increase in claim costs, mostly for the workers' compensation coverage, hindered profitability in Old Republic's largest segment.
Moving forward, the next few weeks could be very telling for surety and title insurers. It will be interesting to see which way investors approach the industry. Many are confident that a period of resurgence is getting underway while others favor a wait and see approach.
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- Old Republic International Corp. Technical Analysis [ http://www.StockCall.com/OldRepublicInternationalCorp012513.pdf ]
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