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The hot stocks of Property & Casualty Insurance industry are under consideration today. These stocks showed bullish momentum in prior trading session, plus scored superb volume, in fact both these stocks gained more than ten million shares. Our main focus is on MGIC Investment Corp. (NYSE:MTG) and American International Group Inc (NYSE:AIG).
MGIC Investment Corp. (NYSE:MTG) has reported that the Company has priced the public offering as well as MTG common stock sale of 135 million shares, at a price of $5.15 for each share. MTG has settled to the underwriters a one month option to obtain to an extra 20.25 million shares. In a simultaneous offering, MTG priced $450 million in cumulative principal sum of 2.00% convertible senior notes due 2020.
MGIC Investment Corp. (NYSE:MTG) gained a hottest volume of 117.40 million shares in prior trading day, while the average trading capacity of the stock remained 10.47 million shares. The stock +5.06% in the prior session and the day range of the stock remained $5.38 - $6.19.
American International Group Inc (NYSE:AIG) has made an announcement that the Company has initiated a novel business unit known as Connective Mortgage Advisory Company. AIG’s Executive Vice President, William Dooley commented that direct investment in residential mortgage loans presents eye-catching returns on investment and facilitates a practical approach to handling mortgage risk.
American International Group Inc (NYSE:AIG) was among Property & Casualty Insurance industry big giants and changed hands vigorously as its volume remained 15.67 million shares. The stock moved ahead +0.52% and finished the session at $38.45.
Prior Trends of American International Group Inc (NYSE:AIG): the stock was a bullish runner of +16.09% in its 3 month’s performance and the yearly performance of the stock remained +29.03%.
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