Property & Casualty Insurance

KBW is raising its PT on shares of EMC Insurance Group Inc. (NASDAQ: EMCI) to $25. EMC Insurance Group Inc. currently trades at $25.08.

Wunderlich is out with its report today on ProAssurance Corporation (NYSE: PRA), downgrading shares of PRA from Buy to Hold. In a note to clients, Wunderlich writes, "ProAssurance Corp. reported strong 2010 results that exceeded our estimates and Street expectations. PRA's 2010 EPS increased 5% to...

Wunderlich Securities has downgraded ProAssurance Corporation (NYSE: PRA) from Buy to Hold and has raised the price target from $64 to $67.

Today was a volatile session in the market with the major indexes finishing mixed. Investor participation eased somewhat and market breadth was neutral overall. At some points in today's session stocks appeared destined for another day of brutal selling. However, the market was able to show...

Erie Indemnity Company (Nasdaq: ERIE) today announced fourth quarter 2010 earnings of $12 million, compared to earnings of $24 million in the fourth quarter of 2009. Operating income decreased to $17 million in the fourth quarter of 2010 from $22 million for the same period one year ago. Net...

Stockholders' equity per common share of Alleghany Corporation (NYSE: Y) at December 31, 2010 was $331.81, an increase of 10.3% from stockholders' equity per common share of $300.69 at December 31, 2009, Weston M. Hicks, President and chief executive officer of Alleghany, announced today....

The Board of Directors of Old Republic International Corporation (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 17.50 cents per share. This dividend is payable March 15, 2011, to shareholders of record on March 4, 2011. Subject to Board approval of each quarter's new...

The Board of Directors of The Chubb Corporation (NYSE: CB) today declared a quarterly dividend in the amount of $0.39 per share payable April 5, 2011 to shareholders of record on March 18, 2011. This represents an increase of $0.02 per share or a 5.4% increase over the $0.37 dividend paid last...

Keefe, Bruyette & Woods reiterated its Employers Holdings (NYSE: EIG) Market Perform rating and raised Employers Holdings' price target to $18 in a research report published today. In the report, Keefe, Bruyette & Woods states, "EIG beat consensus but fell short of our estimate by $0.01....

Tower Group, Inc. (NASDAQ: TWGP) is expected to report 4Q and year-end 2010 operating results on Monday, February 28, after the market close. Results for 4Q10 from the property/casualty industry reinforce our expectation that TWGP will report a 4Q10 operating EPS increase of 13% to $0.84 from $0.74...

KBW is raising its PT on shares of Proassurance Corp. (NYSE: PRA) to $72. Proassurance Corp. closed Wednesday at $59.23.

Shares of ACE Limited (NYSE: ACE) are higher on the session by 0.02%, trading at $64.85. Overall call volume is now running at 2.99x the daily average, with 20% of all calls traded being purchases on the offer. 1,525 contracts have traded on the session so far. ACE Limited is a holding company of...

Shares of The Travelers Companies (NYSE: TRV) are higher on the session by 0.18%, trading at $60.64. Overall call volume is now running at 2.01x the daily average, with 1% of all calls traded being purchases on the offer. 3,036 contracts have traded on the session so far. The Travelers Companies,...

Wunderlich Securities is revising its 2011 operating EPS estimate on Harleysville Group Inc. (NASDAQ: HGIC) to $3.35 from $3.60. “The reduction is due to an expectation of 1Q11 winter storms,” Wunderlich Securities writes. “In addition, we believe favorable reserve development will decline in 2011...

Stocks on the Move (AXS) New Year High ...