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Earnings Scheduled For July 26
Tuesday, July 26, 2011 - 3:47am | 507Lockheed Martin Corporation (NYSE: LMT) is projected to report its Q2 EPS at $1.93 on revenue of $11.42 billion. Ford Motor Company (NYSE: F) is estimated to report its Q2 earnings at $0.60 per share on revenue of $31.59 billion. Eastman Kodak Company (NYSE: EK) is expected to report a Q2 loss...
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Top 4 Stocks In The Insurance Brokers Industry With The Highest Dividend Yield
Monday, July 25, 2011 - 3:41am | 129Below are the top insurance brokers stocks on the NYSE and the NASDAQ in terms of dividend yield. Arthur J. Gallagher & Co (NYSE: AJG) has a dividend yield of 4.80%. AJG's shares closed at $27.55 on Friday. Marsh & McLennan Companies Inc (NYSE: MMC) has a dividend yield of 3.00%. MMC's...
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Brown & Brown Settles Lawsuit Against Former Employees
Friday, July 22, 2011 - 2:37pm | 128Brown & Brown, Inc. (NYSE: BRO), today announced the settlement of its lawsuit against former employees, Jim W. Henderson, Thomas E. Riley, Eric A. Anderson, Stanley K. Kinnett, II, Paul A. Vredenburg, and their new company, AssuredPartners, Inc "We are satisfied with the settlement in this...
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Thoughts on Brown & Brown: Stay Away!
Tuesday, July 19, 2011 - 1:29pm | 59I looked at Brown & Brown about a year ago (May 2010), here are my thoughts which are still relevant today: Risk of growth by acquisition Very significant portion of Brown & Brown's (BRO) growth in the past came from acquiring brokers. I am naturally skeptical of sustainability of this...
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Biggest Losers As of 10:15AM
Tuesday, July 19, 2011 - 9:27am | 147Avery Dennison (NYSE: AVY) is trading down over 11% after S&P cut its view. Lincare Holdings (NASDAQ: LNCR) is trading down roughly 8% after the company reported earnings lower than the street's expectations. rown & Brown (NYSE: BRO) is trading down over 4.70% after the company reported...
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Keefe, Bruyette & Woods Maintains Market Perform Rating On Brown & Brown
Tuesday, July 19, 2011 - 7:33am | 75According to Keefe, Bruyette & Woods, Brown & Brown (NYSE: BRO) reported a 2Q11 ROCK of [$0.26, $0.26, $0.31, $0.31]. Keefe, Bruyette & Woods said that the miss was driven primarily by weaker organic revenues (-4.8% vs. -2.3%E), a lower operating margin (31.9% vs. 34.6%E), and $0.01/sh...
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J.P. Morgan Maintains Neutral on Brown & Brown
Tuesday, July 19, 2011 - 7:25am | 122J.P. Morgan is out with its report today on Brown & Brown (NYSE: BRO), maintaining Neutral. In a note to clients, J.P. Morgan writes, "We believe challenging fundamentals in the small-to middle-market, despite stabilizing earnings, support a Neutral rating. Given the leverage the U.S. small-to...
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Citigroup Lowers PT On Arthur J. Gallagher To $32
Monday, July 18, 2011 - 5:27am | 28Citigroup has lowered the price target on Arthur J. Gallagher & Company (NYSE: AJG) from $35 to $32 and maintains its Buy rating.
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Marsh & McLennan Companies Announces Pricing of $500M Senior Notes Offering
Tuesday, July 12, 2011 - 3:50pm | 73Marsh & McLennan Companies, Inc. (NYSE: MMC) announced today that it has priced $500 million of 4.80% senior notes due 2021. The Company intends to use the net proceeds towards the repurchase of approximately $600 million outstanding aggregate principal amount of its 5.375% Notes due 2014 and 5...
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Marsh & McLennan Companies Announces Increase in Maximum Tender Amounts and Announces Consideration for Cash Tender Offers for Outstanding 5.375% Notes due 2014 and 5.750% Notes due 2015
Tuesday, July 12, 2011 - 2:42pm | 122Marsh & McLennan Companies, Inc. (NYSE: MMC) announced today that with respect to its previously announced cash tender offers for its outstanding 5.375% Notes due 2014 and its 5.750% Notes due 2015, it increased the maximum principal amount of each series of Notes that may be purchased pursuant...
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Dollar Needs a Bigger Catalyst than NFPs to Jump Start a Trend
Friday, July 8, 2011 - 11:20pm | 4848It was an unusual ending to an otherwise volatile week for the US dollar. After a slow recovery from the liquidity lull of the extended Independence Day holiday, momentum never really gained traction. Not only did the dollar struggle for direction, but underlying risk appetite trends were similarly...
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Citi Has Hold On National Financial Partners
Wednesday, July 6, 2011 - 12:01pm | 139Citi Investment Research has a Hold rating and a $16 price target on shares of National Financial Partners Corp (NYSE: NFP), as it acquired Lapre Scali & Co. In a note to clients, Citi writes, "NFP announced the acquisition of Lapre Scali & Co. — terms of the deal were not disclosed...
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NFP Announces Acquisition of Lapre Scali & Company Insurance Services
Wednesday, July 6, 2011 - 7:09am | 107National Financial Partners Corp. (NYSE: NFP) has acquired Lapre Scali & Company Insurance Services, LLC. Effective July 1, 2011, Terrence M. Scali, chief executive officer, Lapre Scali, became chief executive officer, NFP Property and Casualty Services, Inc., and executive vice president, NFP...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 3:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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UAE banking sector continues to confound value seekers
Monday, June 27, 2011 - 10:05pm | 745UAE May CPI inflation rose 0.2% (1.4% annually) following five consecutive months of deflation, though as the breakdown goes, housing deflation persists (housing and related services such as utility prices constitute 39.3% of the UAE CPI basket) and thus price levels remain at the lower end of the...