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AIG Reports $2.4 Billion Net Loss for Third Quarter; EPS $(17.62)
Friday, November 5, 2010 - 6:24am | 349American International Group, Inc. (NYSE: AIG) today reported a net loss attributable to AIG of $2.4 billion for the third quarter of 2010, or a loss of $17.62 per diluted common share, compared to net income of $455 million, or $0.68 per diluted common share, in the third quarter of 2009....
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Eastern Insurance Holdings, Inc. Announces Third Quarter 2010 Results: EPS of $0.25
Thursday, November 4, 2010 - 3:35pm | 103Eastern Insurance Holdings, Inc. (Nasdaq: EIHI) today reported earnings for the three months ended September 30, 2010. EIHI reported net income of $2.2 million, or $0.25 per diluted share, for the third quarter of 2010, compared to net income of $3.3 million, or $0.36 per diluted share, for the...
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Two Stocks That Could Profit From Buybacks
Thursday, November 4, 2010 - 7:01am | 409Our recommendations at The Buyback Letter currently focus on a collection of five stocks that we believe, as a group, will outperform the market this month. So far, we have done well. Our Buyback Premium Portfolio is beating the S&P 500 by more than 68% since its inception (August 2, 2000). The...
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Unitrin Names Dennis Vigneau as CFO
Wednesday, November 3, 2010 - 2:46pm | 34Unitrin, Inc. (NYSE: UTR) announced today that its Board of Directors has elected Dennis R. Vigneau as the Company's Senior Vice President and Chief Financial Officer.
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Hartford Financial Services Climbs 8.6% On Earnings Beat (HIG)
Wednesday, November 3, 2010 - 2:31pm | 191Shares of Hartford Financial Services Group Inc. (NYSE: HIG) are trading up 8.6% at $25.43 per share during the Wednesday afternoon trading session. The day's trading range for shares of Hartford Financial Services Group Inc has been between $24.22 and $25.77 per share. Analysts covering the...
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Unitrin Announces Quarterly Dividend of $.22
Wednesday, November 3, 2010 - 12:48pm | 41Unitrin, Inc. (NYSE: UTR) announced today that its Board of Directors has declared a quarterly dividend of $0.22 per share. The dividend is payable on November 29, 2010 to its shareholders of record as of November 12, 2010.
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Afternoon Market Update
Wednesday, November 3, 2010 - 12:00pm | 189Crude-oil futures moved higher after the Energy Information Administration depicted in-line rise in oil supplies. According to the EIA report, oil supplies increased 2 million barrels for the week ended October 29, in-line with the estimates. However, stockpiles of gasoline dropped 2.7 million...
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HCC Insurance Holdings 3Q10 EPS Surprises Wunderlich Securities
Wednesday, November 3, 2010 - 8:38am | 130HCC Insurance Holdings Inc. (NYSE: HCC) reported a surprisingly good 3Q10 with EPS of $0.81 versus $0.83 a year ago, Wunderlich Securities reports. “We had expected $0.74 and consensus was $0.72,” Wunderlich Securities writes. “Comparisons to a year ago were difficult due to the fact that 3Q09...
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Hartford Financial Services EPS Significantly Above J.P. Morgan Estimate
Wednesday, November 3, 2010 - 8:11am | 132Hartford Financial Services (NYSE: HIG) reported 3Q10 core EPS of $1.43, J.P. Morgan reports. Results included several unusual items, adjusted for which we estimate that the company would have earned $1.10, “significantly above our $0.86 estimate.” “We affirm our Overweight rating,” J.P. Morgan...
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HCC Insurace Beats The Street, Reports Solid Results
Wednesday, November 3, 2010 - 7:10am | 229HCC Insurance (NYSE: HCC) reported 3Q operating earnings of $0.81/share compared to Oppenheimer's $0.73/share estimate and the Street estimate of $0.72/share. GWPs were 2% higher than we expected, but net earned premiums were in line with Oppenheimer's $516M estimate. Calendar year losses were $6M...
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Hartford Financial Shares Climb After Hours (HIG)
Tuesday, November 2, 2010 - 4:33pm | 182Hartford Financial Services Group Inc. (NYSE: HIG) released financial results on Tuesday after the market closed that beat Wall Street earnings estimates. Hartford Financial Services Group Inc announced 3rd quarter net income of $666 million, or $1.34 per share, compared to a net loss of $220...
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Earnings Preview: The Hartford Financial (HIG)
Tuesday, November 2, 2010 - 11:41am | 295The Hartford Financial Services Group, Inc. (NYSE: HIG) is currently lower on the session by 0.25%, trading at $23.65. The company is scheduled to report earnings today, after the closing bell. • Estimates The Street is looking for Q3 earnings per share of $0.97 on revenue of $2.45 billion. These...
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Stock Market News for November 1, 2010 - Market News
Tuesday, November 2, 2010 - 10:00am | 780Stocks had a flat day on Friday but closed out October on a solid footing as investors braced themselves for this week's Federal Reserve meeting and the mid-term elections. Upward revision to second-quarter GDP also helped send indexes higher. The Dow average edged up slightly more than 4 points,...
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Company News for November 1, 2010 - Corporate Summary
Tuesday, November 2, 2010 - 10:00am | 754• Baker Hughes (NYSE: BHI) posted third quarter earnings of $0.54, $0.07 better-than-expected, on an 83% revenue surge to $4.1 billion, up from Street estimates of $3.8 billion • Humana (NYSE: HUM) beat estimates by $0.35 with third quarter adjusted earnings of $2.01, versus estimates of $1.66, on...
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Loews Way Ahead of Estimate - Analyst Blog
Tuesday, November 2, 2010 - 8:35am | 620Loews Corporation (L) reported third-quarter 2010 adjusted net income of 87 cents, strongly beating the Zacks Consensus Estimate of a loss of 1 cent. Results, however, fell short of $1.08 per share earned in the prior-year quarter. Adjusted net income was $364 million compared with $468 million...