Top Insurance Stocks Gainers are AIG, MET, RDN, PRU
Insurance Gainer Stocks.
(EMAILWIRE.COM, March 08, 2010 ) Dallas, Tx - Radian Group Inc. (NYSE:RDN) surged 2.85% to $10.83. The stock has a 52-week range of $0.95-$12.48. So far in this year the stock went up over 48%.
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American International Group, Inc. (NYSE:AIG) is amongst the top gainer in the early few hours. The stock has spurted 4.17% and is trading at $29.25 after it announced that it has commenced its secondary public offering of 9,192,662 shares of common stock of Transatlantic Holdings, Inc. (TRH) owned by American Home Assurance Company (AHAC), a wholly owned AIG subsidiary, which includes shares that will be subject to a 30-day overallotment option. The offering is concurrent with TRH`s addition to the S&P Midcap 400 Index. Index funds whose portfolios are primarily based on stocks included in the S&P Midcap 400 Index may be required to purchase shares as a result of the inclusion of TRH`s common shares in the index. The offering is intended to be marketed to these index funds and to other investors, including non-index active investors. RAIT Financial Trust (NYSE:RAS) rallied 17.75% to $1.99. The stock has a 52-week range of $0.45-$3.45.
MetLife, Inc. (NYSE:MET) is amongst the top gainers in the early few hours and zoomed 4.27% at $40.58 after it announced a definitive agreement to acquire one of American International Group, Inc.`s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments. Specifically, the equity security portion of the purchase price will consist of 78.2 million shares of MetLife common stock valued at $3.0 billion, 6.9 million shares of contingent convertible preferred stock valued at $2.7 billion and 40 million equity units having an aggregate stated value of $3.0 billion. The values of the common stock and the preferred stock are based upon the closing price of MetLife`s common stock on the New York Stock Exchange on March 5, 2010.
Prudential Financial, Inc. (NYSE:PRU) climbed 0.84% to $55.04. The stock has a 52-week range of $10.63-$55.99. So far in this year the stock went up over 10%.
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Liquid Tycoon provides stock news alerts for the investors. Many of our members have gained thousands of dollars using our stock market investment news. We also provide information on penny stocks. We send our members, stock newsletter on hot stocks , stocks in focus, technical stocks, stocks to watch etc. You can also feature your business on our website by contacting us at the email given here.
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You can subscribe to our Daily Stock Alerts by visiting: http://www.LiquidTycoon.com .
American International Group, Inc. (NYSE:AIG) is amongst the top gainer in the early few hours. The stock has spurted 4.17% and is trading at $29.25 after it announced that it has commenced its secondary public offering of 9,192,662 shares of common stock of Transatlantic Holdings, Inc. (TRH) owned by American Home Assurance Company (AHAC), a wholly owned AIG subsidiary, which includes shares that will be subject to a 30-day overallotment option. The offering is concurrent with TRH`s addition to the S&P Midcap 400 Index. Index funds whose portfolios are primarily based on stocks included in the S&P Midcap 400 Index may be required to purchase shares as a result of the inclusion of TRH`s common shares in the index. The offering is intended to be marketed to these index funds and to other investors, including non-index active investors. RAIT Financial Trust (NYSE:RAS) rallied 17.75% to $1.99. The stock has a 52-week range of $0.45-$3.45.
MetLife, Inc. (NYSE:MET) is amongst the top gainers in the early few hours and zoomed 4.27% at $40.58 after it announced a definitive agreement to acquire one of American International Group, Inc.`s (AIG) international subsidiaries, American Life Insurance Company (ALICO), for approximately $15.5 billion. The consideration will consist of $6.8 billion in cash and approximately $8.7 billion in MetLife equity securities, subject to closing adjustments. Specifically, the equity security portion of the purchase price will consist of 78.2 million shares of MetLife common stock valued at $3.0 billion, 6.9 million shares of contingent convertible preferred stock valued at $2.7 billion and 40 million equity units having an aggregate stated value of $3.0 billion. The values of the common stock and the preferred stock are based upon the closing price of MetLife`s common stock on the New York Stock Exchange on March 5, 2010.
Prudential Financial, Inc. (NYSE:PRU) climbed 0.84% to $55.04. The stock has a 52-week range of $10.63-$55.99. So far in this year the stock went up over 10%.
About http://www.LiquidTycoon.com
Liquid Tycoon provides stock news alerts for the investors. Many of our members have gained thousands of dollars using our stock market investment news. We also provide information on penny stocks. We send our members, stock newsletter on hot stocks , stocks in focus, technical stocks, stocks to watch etc. You can also feature your business on our website by contacting us at the email given here.
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Liquid Tycoon
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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