Property & Casualty Insurance

Shares of The Chubb Corporation (NYSE: CB) are lower on the session by 0.25%, trading at $64.96. Overall call volume is now running at 3.05x the daily average, with 4% of all calls traded being purchases on the offer. 2,503 contracts have traded on the session so far. The Chubb Corporation is a...

Universal Insurance Holdings (NYSE: UVE) announced that its wholly owned subsidiary, American Platinum Property and Casualty Insurance Company has received approval of its rate filing from the Florida Office of Insurance Regulation. APPCIC intends to write homeowners' multi-peril and inland marine...

At its first analyst day in over a decade, Allstate (NYSE: ALL) unveiled a 13% consolidated targeted 2014 ROE, Bank of America reports. “The key drivers of the ROE improvement are better returns in the homeowners and the life operations,” Bank of America writes. “Capital management should continue...

J.P. Morgan is out with its report today on Allstate (NYSE: ALL), maintaining Overweight after ALL's investor day. In a note to clients, J.P. Morgan writes, "The investor day and more tangible financial targets signal, in our view, improved management conviction in its ability to deliver...

ACE Limited (NYSE: ACE) announced today that John Keogh, Vice Chairman, ACE Limited, and Chairman, ACE Overseas General, has been appointed to the additional position of Chief Operating Officer, ACE Limited. Mr. Keogh will be responsible for all property and casualty insurance operations of the...

Telvent GIT SA (NASDAQ: TLVT) shares advanced 15.21% to $39.69 in the pre-market session. TLVT agreed to be bought for $2 billion by Schneider Electric SA (OTC: SBGSY). Golar LNG Limited (NASDAQ: GLNG) shares advanced 6.09% to $33.80 in the pre-market session. GLNG's PEG ratio is 0.50. Daktronics...

Keefe Bruyette & Woods is initiating coverage on Infinity Property & Casualty Corp. (NASDAQ: IPCC) with a Market Perform rating and a $58 price target on shares. In a note to clients, Keefe Bruyette & Woods writes, "We view Infinity as a well-positioned nonstandard auto underwriter,...

Below are the top small-cap surety & title insurance stocks on the NYSE and NASDAQ in terms of cash. Radian Group Inc (NYSE: RDN) had $5.88 billion in total cash and $1.34 billion in total debt for the latest quarter. MBIA Inc (NYSE: MBI) had $4.11 billion in total cash and $16.10 billion in...

United Fire & Casualty Company (Nasdaq: UFCS) today announced that it expects its second-quarter results through May to include pre-tax catastrophe losses, net of reinsurance, of approximately $30-35 million. These losses include $7-9 million in storm losses previously reported in the Company'...

Copart (NYSE: CPRT) is scheduled to report third-quarter fiscal 2011 results after the closing bell on Wednesday, June 1. The effects of the Copart's deal for a nationwide exclusive arrangement with Allstate (NYSE: ALL) will be on investors' minds. Analysts expect the online auto reseller to...

The Navigators Group (NASDAQ: NAVG) today announced that its Board of Directors has adopted a share repurchase program for up to $50 million of the Company's common stock. This repurchase program is in addition to the Company's existing $65 million share repurchase program, announced in November...

Below are the top mid-cap rental & leasing services stocks on the NYSE and NASDAQ in terms of cash. Wesco Financial Corporation (AMEX: WSC) had $2.74 billion in total cash and $64.90 million in total debt for the latest quarter. Hertz Global Holdings Inc (NYSE: HTZ) had $1.37 billion in total...

This week's rare pattern appeared in Baidu (BIDU). At a neutral Match setting the pattern was found only 28 times from 18 stocks over the past year. It opens with a strong bullish day and is followed by a sequence of three bearish days before finishing with a modest bullish day. It is similar in...

Erez Kalir of Sabretooth Capital spoke at the Ira Sohn Conference yesterday, and said that the U.S. is headed towards "economic death", and also gave some ideas that were of the more cheery variety. He said that MBIA (NYSE: MBI) a few years ago had economic death written all over it, as the equity...

At its regular meeting held on May 25, 2011, the OneBeacon Insurance Group, Ltd. (NYSE: OB) Board of Directors declared a combined regular and special dividend of $1.21 per share, payable in cash on June 30, 2011, to holders of record of Common Shares as of the close of business on June 17, 2011...