J.P Morgan Updates Its Estimates On Transatlantic Holdings

J.P Morgan is updating its estimates for Transatlantic Holdings TRH following 4Q 2010 results. Specifically, J.P Morgan is lowering its 2011 and 2012 operating EPS estimates by $0.90 and $0.25 to $5.35 and $5.80, respectively. Its new estimates reflect lower expected premium growth, modestly higher expense ratios, and Australian flood and Cyclone Yasi losses in 1Q 2011. J.P Morgan is introducing a 2013 EPS estimate of $5.80. J.P Morgan has a $58 PT and Neutral rating on TRH TRH closed Friday at $52.34