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Closing Glance: Insurers drop



By AP
10 July 2008 @ 04:15 pm EST

NEW YORK - Shares of insurers mostly fell Thursday as Moody's Investors Service cut the rating of mortgage insurer MGIC Investment Corp. a day after lowering ratings on PMI Group Inc. and American International Group Inc.'s mortgage insurance subsidiaries.

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Quotes
PMI 4.31 -0.03
AIG 22.34 1.12
HIG 61.9 0.15
ABK 8.52 -0.13
AGO 18.36 0.36
MBI 16.61 0.68
MTG 9.21 -0.13
RDN 4.79 0.06
TGIC 3.52 0.4
ACE 52.3 0.74
ALL 45.08 0.49
AXA 30.93 -0.09
CB 47.49 0.36
CINF 30.56 0.58
CNA 27.88 -0.19
CNO 8.67 -0.08
GNW 16.08 0.57
HI 23.5 0.06
MCY 50.95 0.14
PGR 18.35 0.21
SAF 67.87 0.25
TRV 43.28 0.59
XL 19.08 0.46

SYMBOL LOOKUP

Investors also continued to fret over deterioration in the credit markets as federal policy makers warned no financial institution is too big to fail.

Here's a look at how insurers fared Thursday:

MGIC Investment fell $1.47, or 22.1 percent, to $5.18

PMI Group declined 9 cents, or 4.4 percent, to $1.96

AIG declined $2.15, or 8.2 percent, to $23.99

Hartford Financial Services Group Inc. lost $1.92, or 3 percent, to $62.08

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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