Insurance Brokers

Trading Halted: Cninsure (NASDAQ: CISG)

Shares of CNinsure Inc. (NASDAQ: CISG) are higher on the session by 5.91%, currently trading at $13.63. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

Willis Group Holdings plc (NYSE: WSH), announced today that it has called for redemption the $35 million aggregate principal amount of 12.875% Senior Notes due 2016 that remain outstanding after the Company's recently completed $800 million Senior Notes offering and the related repurchase of $465...

Statoil ASA (NYSE: STO) was downgraded by Morgan Stanley from "overweight" to "underweight." STO's shares closed at $26.38 yesterday. Statoil's PEG ratio is 3.13. Jefferies downgraded Fushi Copperweld Inc (NASDAQ: FSIN) from “buy” to “hold.” FSIN's stock closed at $8.68 yesterday. Fushi Copperweld...

Analysts at Janney Capital downgrade Arthur J. Gallagher & Co (NYSE: AJG) from “buy” to “neutral.” AJG shares closed at $30.85 yesterday. More Analyst Ratings here

Analysts at Janney Capital upgrade Willis Group Holdings PLC (NYSE: WSH) from “neutral” to “buy.” WSH shares rose 1% to close at $39.21 yesterday. More Analyst Ratings here

Willis Group Holdings plc (NYSE: WSH) today announced that it has commenced a registered offering of senior unsecured notes. Payment of principal and interest on the notes will be fully and unconditionally guaranteed by Willis North America Inc. and all the intermediate holding companies between...

The SP500 was bid up into the Retail Sales report following news of Japan's 8.9 Earthquake and rolling Tsunamis elsewhere. However, the point and figure chart well on a double bottom sell signal at 1286.00. Only a breach of retail sales of 1290.00 puts the aggressive bear on hold. Michigan...

Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced the appointment of Sharon Edwards as Chief Financial Officer. Ms. Edwards, who previously served as Chief Administrative Officer, Willis North America, will report to Michael Neborak,...

CNinsure's (NASDAQ: CISG) the 20-23% net income growth guidance for 1Q11 was a shock to the Street, as it fell well below the past 30%+ growth trend. However, Oppenheimer thinks CISG's focus on organic growth could increase the transparency of the story, potentially easing the Street's concerns on...

Oppeneheimer has raised the price target on CNInsure, Inc. (NYSE: CISG) from $20 to $23 and maintains its Outperform rating. 

CNinsure (NASDAQ: CISG) reported 4Q10 operating EPS of $0.37 compared to Piper Jaffray and consensus estimate of $0.34. The upside to Piper's forecast resulted from lower than forecasted operating expenses as top-line numbers basically reported in line. However, Piper notes the 4Q saw overall Y/Y...

Below are the top insurance broker stocks on the NYSE and the NASDAQ in terms of cash. CNinsure Inc (NASDAQ: CISG) had $302.85 million in total cash and no debt for the latest quarter. Catalyst Health Solutions Inc (NASDAQ: CHSI) had $132.66 million in total cash for the latest quarter. Meanwhile...

Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has signed a definitive agreement to acquire the business and certain assets of Woodbrook Underwriting Agencies, Ltd. in London, England. The transaction is expected to close during the first quarter 2011. Terms of the...

Citigroup has upgraded Arthur J. Gallagher & Company (NYSE: AJG) from Hold to Buy and has raised the price target from $31 and $35.