-
J.P Morgan Updates Its Estimates On XL Group Following Japan Earthquake
Tuesday, March 29, 2011 - 7:42am | 76J.P Morgan is updating estimates for XL Group (NYSE: XL) following the Honshu/Tohoku earthquake. Specifically, it is reducing 2011-2013 operating EPS estimate by $0.69, $0.05, and $0.05 to $1.03, $1.85, and $1.65, respectively, to reflect 1Q 2011 Japan quake losses and lower share repurchases in...
-
Goldman Downgrades TRV To Sell, $31 PT
Tuesday, March 29, 2011 - 6:50am | 26Goldman Sachs has downgraded The Travelers Companies (NYSE: TRV) from Neutral to Sell and maintains its $31 price target.
-
J.P. Morgan Updates ACE 1Q Loss Estimates
Tuesday, March 29, 2011 - 6:27am | 111J.P. Morgan has reported on ACE Limited's (NYSE: ACE) first quarter net loss estimates following multiple natural disasters. In the report J.P. Morgan writes, "Additionally, the company anticipates 1Q to be impacted by Japanese earthquake losses in the range of $200-250 million. As a result, we...
-
Goldman Downgrades TRV To Sell
Tuesday, March 29, 2011 - 5:43am | 48Analysts at Goldman downgrade Travelers Companies Inc (NYSE: TRV) from “neutral” to “sell.” The target price for TRV is set to $61. TRV shares fell 0.12% to close at $58.91 yesterday. More Analyst Ratings here
-
Goldman Ups WRB To Neutral
Tuesday, March 29, 2011 - 5:41am | 51Analysts at Goldman upgrade W.R. Berkley Corporation (NYSE: WRB) from “sell” to “neutral.” The target price for WRB has been raised from $27 to $33. WRB shares gained 0.95% to close at $30.95 yesterday. More Analyst Ratings here
-
Doug Kass Adding To Positions (GM, XL)
Monday, March 28, 2011 - 11:43am | 53Doug Kass tweeted that he is adding to his positions in General Motors (NYSE: GM) and XL Capital (NYSE: XL). Kass is a contributor to CNBC and TheStreet.com.
-
BGB Securities: When The Market Rebounds, ASI Is "Well Positioned" To Take Advantage
Monday, March 28, 2011 - 8:28am | 124During a recent trip with American Safety Insurance Holdings Ltd. (NYSE: ASI) management, BGB Securities reports that the company is focusing on “building out its lines of business to take advantage of the next market cycle turn.” “We believe the P&C market will continue to inch closer to a...
-
BGB Securities Updates On ASI
Monday, March 28, 2011 - 7:14am | 133BGB Securities has issued a report on American Safety Insurance Holdings (NYSE: ASI) following management meetings. According to the report, "ASI management has focused on building out its lines of business to take advantage of the next market cycle turn. We believe the P&C market will...
-
OneBeacon Schedules First Quarter Earnings Release and Webcast
Friday, March 25, 2011 - 7:01am | 80OneBeacon Insurance Group, Ltd. (NYSE: OB) will review its first quarter 2011 results via live webcast at 10:00 a.m. ET on Friday, April 29, 2011, following its earnings release earlier that morning. The slide presentation that will be referenced during the call, the news release and a financial...
-
Bulls Making a Run - but on No Volume
Thursday, March 24, 2011 - 11:03am | 761The bulls are still making a go at pushing this market higher and have obviously been successful doing so the past few days. Today the S&P did not break below my key level I mentioned yesterday at 1284.05, so I remain neutral. The series of higher highs and higher lows remains intact...
-
Leon Cooperman: My Team Likes AAPL, ACE, BP, CTXS, BR
Wednesday, March 23, 2011 - 1:30pm | 88Billionaire hedge fund manager Leon Cooperman told CNBC that his team likes Apple Inc. (NASDAQ: AAPL), Ace (NYSE: ACE), BP (NYSE: BP), Citrix Systems, Inc. (NASDAQ: CTXS), and Broadridge Financial Solutions (NYSE: BR). The Omega Advisors CEO also said that the dollar is headed softly lower from...
-
Morning Market Losers (XOMA, DGW, KFS, INS)
Wednesday, March 23, 2011 - 8:55am | 140XOMA Ltd (NASDAQ: XOMA) fell 31.27% to $3.45 at 9:55 am. XOMA reported that its potential diabetes treatment failed to lower blood sugar in a mid-stage study. Duoyuan Global Water Inc (NYSE: DGW) shares dipped 14.79% to $6.97. DGW reported a 13.7% y/y rise in its Q4 revenue. Kingsway Financial...
-
Top 4 Small-Cap Stocks In The Surety & Title Insurance Industry With The Highest Operating Margin (PMI, SUR, OB, FAF)
Wednesday, March 23, 2011 - 12:23am | 138Below are the top small-cap surety & title insurance stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at PMI Group Inc (The) (NYSE: PMI) is 78.89%. PMI's revenue for the same period is $654.35 million. The trailing-twelve-month...
-
Markel Announces Ellicott Acquisition of Rohr
Tuesday, March 22, 2011 - 11:30am | 68Markel Corporation (NYSE: MKL) announced today that Ellicott Dredge Enterprises, LLC, a Markel Ventures company, has acquired the European and U.S. operations of Rohr Bagger GmbH and its affiliates. Terms of the transaction were not disclosed. The Rohr companies are leading manufacturers of...
-
UPDATE: Sterne Agee Color On ALL Initiation
Tuesday, March 22, 2011 - 8:23am | 172Sterne Agee, which initiated coverage of The Allstate Corporation (NYSE: ALL), is providing some color on the stock. “We believe earnings have the potential to benefit from several factors,” Sterne Agee writes, “including: 1) “Improvement in auto combined ratio (addressing PIP loss issues in NY...