Property & Casualty Insurance

Sterne Agee, which initiated coverage of The Travelers Companies, Inc. (NYSE: TRV), is providing some color on the stock. “Travelers has a diverse mix of commercial and personal lines products that are offered to a wide array of clients ranging from individuals to businesses of differing size and...

Wunderlich is out with its report today on Axis Capital Holdings (NYSE: AXS), maintaining Buy. In a note to clients, Wunderlich writes, "We believe Buy-rated AXIS Capital Holdings has sufficient capital and a strong balance sheet to withstand 1Q11 catastrophes. Yesterday, AXS provided loss...

Keefe, Bruyette & Woods has reported on the announced 1Q11 Cat losses of Axis Capital Holding Limited (NYSE: AXS). According to the report, "AXIS announced losses of $185-215 mm from the February New Zealand earthquake and $90-100 mm from 1Q11 Australia loss events. Combined losses total $275-...

Sterne Agee has initiated coverage on Allstate Corporation (NYSE: ALL) with a Buy rating and $39 price target.

Sterne Agee has initiated coverage on The Travelers Companies (NYSE: TRV) with a Neutral rating and $65 price target.

Below are the top large-cap property & casualty insurance stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Berkshire Hathaway Inc (NYSE: BRK-A) is $136.18 billion. Berkshire Hathaway's operating margin for the same period is 14.19%. The trailing-...

AXIS Capital Holdings Limited (NYSE: AXS) today estimated that the total net impact of the New Zealand earthquake and loss events in Australia that have occurred to date in the first quarter of 2011 will be between $275-$315 million. Loss estimates are pre-tax and net of reinstatement premiums....

Tesco Corporation (NASDAQ: TESO) shares rose 5.55% to create a new 52-week high of $20.91. TESO shares have surged 69.17% over the past 52 weeks, while the S&P 500 index has gained 10.29% in the same period. Capstone Turbine Corporation (NASDAQ: CPST) shares gained 3.26% to create a new 52-...

BGB Securities has published a research report on Argo Group International Holdings (NASDAQ: AGII) after the company announced that it expects losses to be reported from its February earthquake in New Zealand. In the report, BGB writes "AGII expects losses from the February 2011 earthquake in...

Wunderlich Securities is reiterating its buy rating and $23 PT on shares of AmTrust Financial Services (NASDAQ: AFSI). “In 2010, AmTrust Financial Services (AFSI) experienced significant premium and book value growth that was driven by strategic acquisitions and investments,” Wunderlich Securities...

SWS Group, Inc. (NYSE: SWS) today announced that it has entered into a definitive Funding Agreement with Hilltop Holdings Inc. (NYSE: HTH) and Oak Hill Capital Partners. Pursuant to the Agreement, Hilltop and Oak Hill Capital each agreed to invest in the Company through a $50 million loan, and SWS...

Cusick's Corner Stocks rose earlier on the day after G7 central banks agreed to coordinate efforts in the currency markets to help weaken the Japanese yen. Japan continues to struggle with their crisis – however, there was not much focus on the news that Japan's nuclear alert level rose from 4 to...

Argo Group International Holdings, Ltd. (NASDAQ: AGII) announced today its preliminary pre-tax loss estimate for the February 22, 2011, earthquake in Christchurch, New Zealand is in the range of $35 million to $45 million, net of reinsurance and reinstatement premiums. Additionally, Argo Group is...

In a report published by Goldman Sachs, Netease (NASDAQ: NTES) has announced that the open beta (OB) testing of Starcraft II: Wings of Liberty in China will start on March 29. Goldman Sachs said that the game will initially be free for trial and then the commercial launch will follow, for which...

Universal Display Corporation (NASDAQ: PANL) shares rose 5.08% to create a new 52-week high of $47.77. PANL reported more than two-fold year-over-year jump in its Q4 revenue. Mercer Insurance Group Inc (NASDAQ: MIGP) shares gained 0.07% to create a new 52-week high of $28.24. United Fire &...