StockCall.com Provides Stock Research on MetLife Inc., ING Groep N.V., Prudential Financial Inc., Manulife Financial Corp., and Torchmark Corp.
New York City, New York -- (June 06, 2013)
Life insurance companies in the U.S. as well as other developed economies have been under significant pressure due to the low interest rate environment. Rates in much of the developed world are expected to remain at record low levels for a while. However, life insurance companies can anticipate an improved operating background going forward as the global economy stabilizes. Meanwhile, emerging markets will be the key growth driver for companies offering life insurance coverage. On Wednesday, June 5, 2013, shares in this industry ended mostly lower, tracking losses in the broader market. The major movers in the industry included MetLife Inc. (NYSE: MET), ING Groep N.V. (ADR) (NYSE: ING), Prudential Financial Inc. (NYSE: PRU), Manulife Financial Corporation (USA) (NYSE: MFC), and Torckmark Corporation (NYSE: TMK). StockCall professionals have completed their technical analysis on MET, ING, PRU, MFC, and TMK and these free reports are accessible by registering at
Shares in MetLife Inc. fell sharply on Wednesday, going with the broad market’s trend. The company’s shares ended the day 2.21% lower at $42.99 after oscillating within the $42.68 and $44.06 price range. A total of 10.41 million shares exchanged hands, beating the daily average volume of 8.28 million. So far this year, shares of MET have gained over 32%, thus outperforming the S&P 500. However, despite this growth, the stock is still trading well above 5% below its 52-week high. Sign up for the free technical research on MET at
ING Groep N.V.’s stock was one of the worst performers in the financial sector yesterday, June 05, 2013. Shares of the company traded between $9 and $9.14 before finishing the day 2.59% lower at $9.01. It saw volume of 2.40 million which is below the daily average volume of 2.75 million. The stock experienced a decline of over 3.10% in the last three sessions. So far this year, shares of ING dropped by over 5%. Be sure to read our latest technical research on ING by registering at
Shares in Prudential Financial Inc. tumbled on Wednesday as it closing 2.35% lower at $67.45. The day’s range varied between $67.16 and $69.26 with a total volume of 3.46 million shares traded which is above the daily average of 3.07 million shares. However, despite the sharp decline yesterday, the company’s shares are currently trading close to their 52-week high of $70.76. Sign up and read the complimentary report on PRU at
Another major loser in the financial sector on Wednesday was Manulife Financial Corporation. The company’s shares hit an intraday low of $15.34 before settling 2.03% lower at $15.43. Its volume came in slightly above the daily average volume of 1.84 million, at 1.87 million shares. So far this year, the stock has grown nearly 15.50%, hence outperforming the S&P 500. MFC is currently trading 5.40% below its 52-week high. The free report on MFC can be downloaded by signing up now at
Shares in Torchmark Corporation moved lower in yesterday’s trading, hence extending their losses from the previous trading sessions. The company’s shares traded between $62.53 and $63.25 before ending the day 0.82% lower at $62.75. A total of 587,137 shares were traded on Wednesday as compared to the daily average volume of 527,388. TMK’s shares have now dropped by over 2.70% in the last three sessions. Free report on TMK can be accessed by registering at
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