Financial Sector Snapshot: Moody’s (NYSE:MCO), Arch Capital (NASDAQ:ACGL) – PGR, ACGL, FAC, FSGI, SNFCA, RIT

Financial sector responded positively on Monday’s trading session and sector moved up +0.64%. If we consider key movers of this sector so First Security Group Inc (NASDAQ:FSGI) and Security National Financial Corp (NASDAQ:SNFCA) were major percentage gainers while key percentage decliner was LMP Real Estate Income Fund Inc (NYSE:RIT).

Shares of Moody’s Corporation (NYSE:MCO) Investor Services and Mcgraw-Hill Companies Inc (NYSE:MHP) hiked on Monday after both companies settled a key court case over alleged fraudulent credit ratings for structured investments leading up to the financial crisis.

Moody’s stock hiked over 8.5 percent and was the major gainer on the S&P 500 Index in afternoon trading.

The Progressive Corporation (NYSE:PGR)’s YTD performance was recorded as 21.11% while its market capitalization was $15.22 billion. The company has P/B ratio of 2.38 while P/E ratio was booked as 15.97. Institutional ownership owns 81.04% shares of the company while beta factor, which is used to measure riskiness of the security, was 0.83. Net profit margin of the company was 5.48%.

Arch Capital Group Ltd (NASDAQ:ACGL) announced fiscal Q1 earnings moved up 56 percent as the company observed its premiums and its foreign-exchange gains hike.
Bermuda-based insurance and Reinsurance Company announced a profit of $251 million for most recent quarter, high from $157.8 million in previous year.

Arch Capital Group Ltd. has market capitalization of $7.04 billion. Its debt to equity ratio was 0.08 while its shares were looking forward SMA50 with 3.93. The company offered earnings per share of 4.03 while its 133.02 million shares were outstanding. YTD performance of the stock was 20.29%.

First Acceptance Corporation (NYSE:FAC) has the market capitalization of $47.92 billion. The company’s EPS was -0.22 while its 40.95 million shares were outstanding. Its institutional ownership was 19.07%. Shares of the company were moving ahead of SMA50 with -4.33% while its YTD performance was -6.40%.

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