KBW Maintains Outperform on ACE Limited (ACE)

KBW is out with its report today on ACE Limited ACE, maintaining Outperform.

In a note to clients, KBW writes, "ACE announced preliminary loss estimates for first quarter catastrophes, including Aussie floods, U.S. winter storms, as well as the Japan and New Zealand earthquakes. The total loss range of $410 to $460 million after-tax ($1.28/sh at mid) includes between $200 and $250 million ($0.66/sh at mid) for the Japanese quake. We are lowering our 1Q11 and FY 2011 EPS estimates to reflect the announcement, but maintain an Outperform rating."

KBW maintains a $72 PT on ACE.

Shares of ACE closed Tuesday at $60.15, down 1.54% from Monday's close.