Keefe, Bruyette & Woods Maintains Transatlantic Holdings Market Perform (TRH)

Keefe, Bruyette & Woods maintained its Transatlantic Holdings TRH Market Perform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Event--TRH reported a ROCK of [$2.22, $2.09, $1.74, $1.86], although EPS includes a $0.12 one-time tax gain. The good results were driven a combined ratio of 94.8% including 2.4% of favorable development and 1.1m of share repurchases. The company also preannounced Aussie flood loss estimates." Shares of Transatlantic Holdings closed Thursday at $51.66, reflecting no change from Wednesday's market close.