Deutsche Bank downgraded its rating on elevated expenses will limit profitability of the company’s property and casualty business. Deutsche lowered its price target for shares to $55 from $58. The stock closed yesterday down 49c to $50.53. shares to Hold from Buy on concerns that elevated expenses will limit profitability of the company’s property and casualty business. Deutsche lowered its price target for shares to $55 from $58. The stock closed yesterday down 49c to $50.53. American International Group Inc (NYSE:AIG) stock opened at $51.19 in last trading session, and closed at $50.53, trading in the range of $50.41 – 451.39. The stock showed a positive weekly performance of 0.80%.
Warren Buffett is gaining ground. The Oracle of Omaha has climbed back to the third place in Forbes’ ranking of global billionaires, surpassing Spain’s Inditex as shares in Berkshire Hathaway Inc. (NYSE:BRK.B) have soared. On the flip side, Amancio Ortega’s Inditex, parent company of global retailer Zara , has suffered several downgrades including Goldman Sachs and Citigroup as emerging markets have fallen on foreign exchange tensions and geopolitical struggles. Ortega has given up one spot and is currently the world’s fourth richest person. Berkshire Hathaway Inc. (NYSE:BRK.B) shares closed at $124.69 on last trade day, by gaining 0.48%. Stock 52 week range is $101.30 – $125.00. Company’s market capitalization is $306.25 billion.
Ned Davis Research upgraded shares of MGIC Investment Corp. (NYSE:MTG) from a sell rating to a neutral rating in a research report sent to investors on Monday morning, Analyst Ratings Network reports. MGIC Investment Corp. (NYSE:MTG) stock decreased -1.43% and finished the last session at $8.96. The EPS of the stock remained -0.25. Company’s market capitalization is $3.03 billion.
TheStreet Ratings team rates MBIA Inc. (NYSE:MBI) as a Hold with a ratings score of C. MBIA Inc. (NYSE:MBI) stock opened at $14.60 in last trading session and closed at $14.38. The 52 week range of the stock is $8.73 – $16.15 and the day range was $14.32 – $14.72.