Insurance Brokers

Piper Jaffray is out with its report today on CNinsure (NASDAQ: CISG), maintaining Underweight as CISG announced a proposal to go private. In a note to clients, Piper Jaffray writes, "In our view, shareholders should vote for such a proposal in the event a definitive agreement comes to pass. The...

Bank of America Merrill Lynch is out with its report today on CNinsure (NASDAQ: CISG), moving CISG to no-rating. In a note to clients, Bank of America Merrill Lynch writes, "CNinsure announced that it has received a preliminary non-binding proposal from TPG, Kingsford Resources Limited (controlled...

CNinsure Inc (NASDAQ: CISG) shares surged 24.16% to $16.34 in the pre-market session. CISG's Board of Directors received a preliminary non-binding going private proposal. Telestone Technologies Corp (NASDAQ: TSTC) shares advanced 18.53% to $8.25 in the pre-market session. TSTC reported a 30.0%...

Analysts at Bank of America upgraded Symantec Corp (NASDAQ: SYMC) from “underperform” to “neutral.” SYMC's shares closed at $19.41 yesterday. Symantec's trailing-twelve-month revenue is $6.05 billion. Analysts at Argus upgraded Hershey Company (NYSE: HSY) from “hold” to “buy.” HSY's shares are...

Stifel Nicolaus is out with its report today on Gallagher (Arthur J.) & Co. (NYSE: AJG), upgrading AJG from Sell to Hold. In a note to clients, Stifel Nicolaus writes, "We're not tooting our horn too loudly on this call, since on an absolute basis, the shares are significantly higher than...

Arthur J. Gallagher & Co. (NYSE: AJG) today announced the acquisition of Meyers-Reynolds & Associates, Inc. headquartered in Oklahoma City, Oklahoma. Formed in 1985, Meyers-Reynolds & Associates, Inc. is a retail insurance broker providing commercial property/casualty insurance...

Anthony T. "Tony" Strianese, Regional Executive Vice of Brown & Brown, Inc. (NYSE: BRO) and Chairman of Apex Insurance Agency, Inc., Karl F. Snearer, President of Apex Insurance Agency, Inc., and Judd L. Feldman, President of Global Intermediaries of Eugene, L.L.C., located in Eugene, Oregon,...

Marsh & McLennan Companies (NYSE: MMC) announced today that Silvia Davi has joined the Company as Vice President and Head of Corporate Communications and Brand, effective May 2, 2011. In this role, Ms. Davi oversees global corporate communications for Marsh & McLennan Companies, including...

Willis Group (NYSE: WSH) Reports EPS of $1.28 vs. $1.22 Estimate; Revenues $1.01B vs. $1.00B Estimate

JP Morgan has issued a report on the 1Q EPS from MArsh & McLennan (NYSE: MMC). According to the report, "Marsh & McLennan (MMC: N) reported 1Q adjusted EPS of $0.56 versus our $0.58 estimate and consensus of $0.56. A lower tax rate helped EPS by approximately $0.02, which partially offset...

Time Warner Inc (NYSE: TWX) reported better-than-expected adjusted profit for the first quarter on Wednesday. The company's quarterly profit dropped to $653 million, or $0.59 per share, from $725 million, or $0.62 per share, in the year-ago quarter. The company's adjusted earnings came in at $0.58...

Marsh & McLennan Companies Inc (NYSE: MMC) reported a 31% rise in its first-quarter profit. The company reported its quarterly profit at $325 million, or $0.58 per share, up from $248 million, or $0.45 per share, in the year-earlier period. The company's adjusted earnings came in at $0.56 per...

Marsh & McLennan (NYSE: MMC) Reports Q1 EPS of $0.56 vs. $0.56 Estimate; Revenues $2.88B vs. $2.83B Estimate

US stock futures are slightly higher this morning, as investors are awaiting earnings reports from Time Warner Inc (NYSE: TWX) and Kellogg Co (NYSE: K). Futures on the Dow Jones Industrial Average gained 20 points to 12,769.00 and futures on the S&P 500 stock index rose 1.80 points to 1,353.90...

PG&E Corp (NYSE: PCG) is expected to post its Q1 earnings at $0.81 per share on revenue of $3.59 billion. Whole Foods Market Inc (NASDAQ: WFMI) is estimated to post its Q2 EPS at $0.46 on revenue of $2.37 billion. Time Warner Inc (NYSE: TWX) is projected to report its Q1 EPS at $0.57 on...