Property & Casualty Insurance

Citigroup has raised the price target on Chubb Corporation (NYSE: CB) from $60 to $64 and maintains its Hold rating.

Cusick's Corner I had a great conversation with my dad this afternoon about Perspective & Perception and why it would be a great topic for a Corner -- so here I go. Perspective is how things appear, the reality. What we know is that earnings have been solid, economic data mixed and global...

The Chubb Corporation (NYSE: CB) Reports EPS of $1.35 vs. $1.18 Estimate

Cusick's Corner Earnings continue to boost the market into the Midday. The Claims data, 403K, did put the brakes on the run from overnight but the market has held. The volume has been lighter than average at this stage but that might be because many desks are clearing out for the long weekend. The...

OneBeacon Insurance Group, Ltd. (NYSE: OB) announced today the settlement and final results of the previously announced cash tender offer by its indirect wholly-owned subsidiary, OneBeacon U.S. Holdings, Inc., formerly known as Fund American Companies, Inc., for up to $150 million in aggregate...

Donegal Group (Nasdaq: DGICA) and (Nasdaq: DGICB) reported that its board of directors today declared a regular quarterly cash dividend payable May 16, 2011 of $.12 per share of Class A common stock and $.1075 per share of Class B common stock to stockholders of record as of the close of business...

Citi Investment Research has a Hold rating and a $59 price target on shares of Travelers Companies, Inc (NYSE: TRV) after it reported earnings this morning. In a note to investors, Citi writes, "There were many moving pieces this qtr, but key drivers for the beat vs our est include: $0.27 from...

According to Deutsche Bank, Travelers (NYSE: TRV) reported $1.89 including a one-time tax gain of $100MM. Deutsche Bank said that excluding this amount (unlikely in the Street consensus of $1.53), normalized op. EPS was $1.66. “Normalizing for a one-time tax item and higher hedge fund returns, TRV...

The holiday rally continues again this morning after strong corporate earnings reports by Apple Inc.(NASDAQ: AAPL), and Qualcomm Inc.(NASDAQ: QCOM). The S&P 500 Index e-mini futures(ES-M1) are trading higher by 5.00 points to 1333.00 per contract. Often, before a long holiday weekend the major...

It's a story of earnings beats and revenue beats, which should make Wall Street happy this morning, as all the heavy hitters beat earnings this morning. General Electric (NYSE: GE) reported earnings of 33 cents per share on revenues of $38.4 billion. This compared to Wall Street estimates of 28...

General Electric (NYSE: GE) reported EPS of $0.33/share versus a $0.28/share estimate. Dupont (NYSE: DD) reported EPS of $1.52 vs $1.36 estimate. Travelers (NYSE: TRV) reported $1.89 vs $1.51 estimate while raising its dividend to $0.44. Finally, Blackrock (NYSE: BLK) reported Q1 EPS of $2.96 vs. $...

Travelers Companies Inc (NYSE: TRV) reported its Q1 profit at $839 million, or $1.92 per share, up from $647 million, or $1.25 per share, in the year-ago period. However, analysts were expecting earnings of $1.49 per share. TRV's total revenue increased 3% to $6.3 billion. The company's...

CNA Surety (NYSE: SUR) Acquired for $26.55/Share by CNA Financial (NYSE: CNA).

According to BGB Securities, RLI Corp (NYSE: RLI) saw premium growth through business mix shift. BGB Securities said that earnings for 1Q11 beat the consensus estimate once again with the aid of reserve releases. “Without reserve releases, the company's accident year combined ratio for 1Q11 was...

Cusick's Corner The newest S&P rating is vetting itself throughout the financial shows, keeping viewers, but the reality is that the US going into default is not a reality. It has put more pressure on politicians but the market knows that the credit markets are not going to shut down. Plus...