Insurance Brokers

According to Brean Murray Carret, CNinsure (NASDAQ: CISG) target price is lowered to $19. Brean Murray Carret said that there were no surprises with the 1Q11 results. “Revenue came in at RMB314 million (+28% YoY). Net income from continuing operation was RMB80 million, implying YoY growth of 36.4...

Piper Jaffray reiterated its Underweight rating on CNinsure (NASDAQ: CISG). In a research report published today, Piper Jaffray lowered its earnings per share estimates for the next two years, in spite of the company's better than expected Q1 results. In the report, Piper Jaffray states, "CISG...

Brean Murray Carret & Company has lowered the price target on CNinsure (NASDAQ: CISG) from $24 to $19 and maintains its Buy rating.

Some of the stocks that may grab investor focus today are: Wall Street expects AutoZone Inc (NYSE: AZO) to report its FQ3 EPS at $4.99 on revenue of $1.92 billion. AZO shares dropped 0.10% to $276.50 in after-hours trading. GT Solar International Inc (NASDAQ: SOLR) reported an increase in its...

Willis Limited, the principal UK broking company of global insurance broker, Willis Group Holdings (NYSE: WSH), today announced that Rodney Baker-Bates will join its Board as an independent non-executive Chairman, subject to the usual regulatory approvals from the Financial Services Authority....

China Sunergy Co Ltd (NASDAQ: CSUN) is expected to report its Q1 EPS at $0.12 on revenue of $191.79 million. Perry Ellis International Inc (NASDAQ: PERY) is projected to report its Q1 earnings at $0.99 per share on revenue of $277.07 million. GT Solar International Inc (NASDAQ: SOLR) is estimated...

CNinsure Inc. (Nasdaq: CISG), a leading independent insurance intermediary company operating in China, announced today that it has established a special committee (the "special committee") to evaluate the non-binding going private proposal received from TPG Asia V MU, Inc., Kingsford Resources...

Oppenheimer has removed its Outperform rating and its $20 price target and has moved to Not Rated on Cninsure Inc. (NYSE: CISG) as the company evaluates a proposal to go private. According to Oppenheimer, “CNinsure Inc. announced on May 16 that its board of directors had received a preliminary non...

Oppenheimer has moved CNinsure (NYSE: CISG) to Not Rated following the company's receiving of a "going private" proposal from Chairman & CEO Yinan Yu, CDH, along with TPG Asia, with a $19/share offer.

Best 1) Orthovita (NASDAQ: VITA): Trading up 40.1% from Friday's close to $3.82. Orthovita is set to be acquired by Stryker (NYSE: SYK) for $3.85 per share in cash. The deal is valued at $316 million. 2) CNinsure (NASDAQ: CISG): Trading up 30.3% from Friday's close to $17.15. CNinsure received an...

By 10:38 am, the Dow Jones Industrial Average was down 4.16 points, or 0.03%, to 12,591.59, while the broader Standard & Poor's 500 index had gained 1.66 points, or 0.12%. The NASDAQ composite index fell 7.99 points, or 0.28%. Some of the narrow based indexes that are supporting the markets...

CNinsure Inc (NASDAQ: CISG) shares moved up 29.94% to $17.10 at 10:30 am. The volume of CISG shares traded was 1031% higher than normal. CISG's Board of Directors received a preliminary non-binding going private proposal. SIGA Technologies Inc (NASDAQ: SIGA) shares rose 5.00% to $14.90. The volume...

CNinsure Inc. (NASDAQ: CISG) shares are soaring this morning, gaining nearly 30% after the company received a going private offer, which would value the company at $953 million. The deal, which is a 44% premium to Friday's closing price, is being led by a consortium, which includes its Chief...

PRIMEDIA Inc (NYSE: PRM) jumped 60.50% to $7.03 at 9:50 am. PRM agreed to be purchased by TPG Capital (NASDAQ: TPCG) for $7.10 per share in cash. Orthovita Inc (NASDAQ: VITA) shares advanced 40.11% to $3.8250. VITA agreed to be purchased by Stryker Corp (NYSE: SYK) in a deal valued at $316 million...

J.P. Morgan is out with its report today on CNinsure (NASDAQ: CISG), maintaining Underweight, as CISG announced that it received an offer to privatize. In a note to clients, J.P. Morgan writes, "Given that CNinsure only requires another one-third of its shareholders to approve the transaction...