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Arthur J. Gallagher & Co. Announces Regular Fourth Quarter Dividend
Thursday, October 21, 2010 - 4:26pm | 44Arthur J. Gallagher & Co. (NYSE: AJG) today declared a regular quarterly cash dividend of thirty two cents ($.32) per share on the Common Stock of the Company, payable on January 14, 2011 to Shareholders of Record as of December 31, 2010.
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Brown & Brown 3Q Results In-Line With Estimates
Tuesday, October 19, 2010 - 9:20am | 156Brown & Brown (NYSE: BRO) reported its 3Q EPS of $0.31, or $0.29 adjusted for reimbursed legal expenses, versus J.P Morgan's estimate of $0.28 and consensus of $0.28. Weak organic trends continued to plague the company in the quarter, while underlying margins were better than expected due to...
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Earnings Scheduled For October 18 (AAPL, IBM, C, HAL, VMW, HAS, ZION, CCK, BRO, CASS, RLI)
Monday, October 18, 2010 - 5:09am | 272Apple Inc (NASDAQ: AAPL) is expected to post its earnings at $4.09 per share on revenue of $18.90 billion in the fiscal fourth-quarter. International Business Machines Corp (NYSE: IBM) may report its Q3 profit at $2.76 per share on $24.13 billion in revenue. Citigroup Inc (NYSE: C) is likely to...
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Citigroup Reiterates Buy Rating on Brown & Brown Inc. (BRO)
Wednesday, October 13, 2010 - 10:16am | 179Citigroup is out with a research report this morning, where it reiterates its Buy rating on Brown & Brown Inc. (NYSE: BRO); it has a price target of $23.00 on the stock. The Citigroup analysts said the largest state backed home insurer in the state of Florida is raising rates by 9.9%. These...
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Brown & Brown, Inc. Announces the Asset Acquisition of Martin Benefits Consulting
Tuesday, October 5, 2010 - 4:53pm | 100Brown & Brown, Inc. (NYSE: BRO) today announced the acquisition of substantially all of the assets of Martin Benefits Consulting, LLC and Martin Human Resources, LLC by Brown & Brown of New York, Inc., a subsidiary of Brown & Brown. With combined annual revenues of approximately $3.0...
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Citi Has A Buy On Marsh & McLennan (MMC)
Friday, October 1, 2010 - 8:11am | 116Citi Investment Research is positive on Marsh & McLennan Companies, Inc. (NYSE: MMC), after the company hosted an investor day. It rates shares at a Buy, with a $27 price target. In the research report, Citi writes, "MMC hosted an investor day for the first time in four years— displaying the...
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China INSOnline Corp. Entered Into Letter of Intent to Merge With Dingneng
Thursday, September 30, 2010 - 4:39pm | 114China INSOnline Corp. (NASDAQ: CHIO) announced today that it has entered into a letter of intent dated September 27, 2010 related to a proposed transaction offered by Dingneng Bio-Technology Co., Ltd. to acquire common shares of CHIO through merger, direct exchange or any other form in one or a...
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ALTH, CISG Initiated At Buy
Thursday, September 30, 2010 - 10:20am | 40Brean Murray Carret & Co. has initiated coverage for the following companies: Allos Therapeutics (NASDAQ: ALTH) Buy, $9 price target CNinsure (NASDAQ: CISG) Buy, $34 price target
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Arthur J. Gallagher & Co. Signs Acquisition Agreement With GAB Robins North America, Inc.
Wednesday, September 29, 2010 - 4:35pm | 193Arthur J. Gallagher & Co. (NYSE: AJG) today announced that its subsidiary, Gallagher Bassett Services, Inc., has signed a definitive agreement to acquire substantially all the third-party administrator (TPA) assets and managed care service operations of GAB Robins North America, Inc. and its...
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CNinsure Announces Expansion (CISG)
Tuesday, September 28, 2010 - 9:41am | 124CNinsure Inc. (Nasdaq: CISG), today announced that it has signed a joint venture agreement with Shanghai Puyi Investment Consulting Co Limited to target the wealth management market in China. The joint venture, to be named Fanhua Puyi Investment Management Co., Limited, will focus on offering...
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Top 4 Stocks In The Insurance Brokers Industry With The Lowest PEG Ratio (NFP, CISG, CHSI, AON)
Monday, September 27, 2010 - 6:53am | 124Below are the top insurance broker stocks on the NYSE and the NASDAQ in terms of PEG ratio. National Financial Partners Corp (NYSE: NFP) has a PEG ratio of 0.55. NFP's quarterly earnings advanced 20.40% y/y. Cninsure Inc (NASDAQ: CISG) has a PEG ratio of 0.61. CISG's quarterly earnings gained 40.20...
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Deutsche Bank Breaking News On Managed Care
Friday, September 24, 2010 - 7:22am | 329Deutsche Bank published a managed care industry alert report that stated: "As indicated in the NAIC press conference held on 9/22, the draft NAIC regulation excludes from the premium calculation (for the purpose of MLR rebates) federal and state taxes, with the exception of certain items such as...
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Lobbying Charges Shrink for MetLife - Analyst Blog
Tuesday, September 21, 2010 - 6:33pm | 612MetLife Inc. (MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during the first quarter of...
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Top 4 Stocks In The Insurance Brokers Industry With The Highest Dividend Yield (AJG, MMC, AON, BRO)
Tuesday, September 21, 2010 - 11:00am | 124Below are the top insurance broker stocks on the NYSE and the NASDAQ in terms of dividend yield. Arthur J Gallagher & Co (NYSE: AJG) has a dividend yield of 4.90%. AJG's shares lost 0.04% to $26.40 at 10:55 am. Marsh & McLennan Companies Inc (NYSE: MMC) has a dividend yield of 3.50%. MMC's...
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Brown & Brown Inc. Shareholder Sells 25,000 Shares of BRO
Monday, September 20, 2010 - 4:11pm | 56In a Form 4 filed after the bell today, Brown & Brown Inc. (NYSE: BRO) Shareholder, Jim Henderson, reported that he sold 25,000 shares of BRO on September 17th for an average price of $20.17. The transaction totaled $504,250. Mr. Henderson owns 589,317 direct shares and 250,000 indirect shares...