I added PMA Capital Corp (PMACA) to the Barchart Van Meerten Speculative portfolio. They are an insurance holding company. The company operates in two principal segments, property and casualty reinsurance through PMA Reinsurance Corporation, and workers' compensation and standard property and casualty primary insurance. PMA Re emphasizes risk-exposed, excess of loss reinsurance and operates in the domestic brokered market. The Property and Casualty Group offers workers' compensation products and services and certain other standard lines of commercial insurance.
The stock has a 96% Barchart buy signal and hit 17 new highs in the last 20 sessions. The price is up 10.76% in the last month with a recent price of 7.48 which is above its 20 day moving average of 6.94. The stock has a Relative Strength Index of 72.91%.
Wall Street has 2 buy reports published with projections of a 7.70% revenue increase next year and EPS growth of 9.90% next year and an annual EPS growth rate of 7.50% for the next 5 years.
Investor sentiment has the CAPS members on Motley Fool voting 25 to 2 that the stock will beat the market and the All Stars vote 7 to 1. Fool notes that the last 5 articles on the company were positive.
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email mailto:emailJimVanMeerten@gmail.com
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
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