American International Group, Inc. (NYSE:AIG) added $0.71 or 2.48% over its previous day’s price and now trades at $29.29 on an unusual massive volume of 7.23 million shares. The stock has a 52-week range of $6.60-$55.90. A California appeals court this week ruled against American International Group Inc. (AIG) in a workers' compensation arbitration, holding AIG liable for around $517 million in California workers' compensation reinsurance coverage and interest.
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The PMI Group, Inc. (NYSE:PMI) augmented 3.75% to $3.04 on an unusual massive volume of 3.87 million shares. The stock has a 52-week range of $0.26-$4.96. So far in the last six months trade the stock has rallied over 117%. The PMI Group, Inc. (TPG) provides residential mortgage insurance products designed to promote homeownership. During the year ended December 31, 2008, the Company operated in four segments: United States Mortgage Insurance Operations, International Operations, Financial Guaranty, and Corporate and Other. The Company’s United States customers are primarily mortgage lenders, depository institutions, commercial banks and investors, including Fannie Mae and Freddie Mac (collectively, the GSEs).
Radian Group Inc. (NYSE:RDN) climbed up 1.82% to $8.93 on a massive volume of 2.40 million shares after it was upgraded by Macquarie from Neutral to Outperform. Price target increased from $5 to $13. The stock has a 52-week range of $0.95-$12.48. Radian Group Inc. is a credit enhancement company. The Company operates in three business segments: mortgage insurance, financial guaranty and financial services. The mortgage insurance business provides credit protection for mortgage lenders and other financial services companies on residential mortgage assets.
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