Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Researcher Kinetic Analysis now says Irene, which blanketed much of the East Coast and disrupted travel over the weekend, will cost insurers an estimated $2.6 billion. That's down from $14 billion last week, when meteorologists were expecting Irene to hit New York City as a Category 2 storm.
Now what: Fortunately, the storm spent much of its trip up the coast as a tropical storm, allowing structures to hold up much better than they otherwise might have and allowing investors to finally get positive on a stock they've spent much of the year selling. Do you agree? Would you buy at these levels? Weigh in using the comments box below.
Interested in more info on Hartford Financial Services Group?Add it to your watchlist.