Property & Casualty Insurance

Merger activity increased last week with seven new deals announced and five deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 19 Total Number of Pending...

 ( click to enlarge ) Rambus Inc. (NASDAQ:RMBS) - The stock looks like is close to attempting another breakout.  This strength is confirmed by price movement as well as two momentum indicators. MACD and RSI show buy signal as MACD is above signal line and RSI above its 50% level. The stock has...

Wunderlich Securities reiterated its AXIS Capital Holdings (NYSE: AXS) Buy rating and raised Axis Capital Holdings' price target to $45 from $42 in a research report published today. In the report, Wunderlich Securities states, "We believe AXIS's recent results demonstrate the company's ability to...

Wunderlich Securities left its Meadowbrook Insurance (NYSE: MIG) $12 price target and Buy rating unchanged in a research report published today. In the report, Wunderlich Securities states, "We believe MIG represents an attractive value. We believe fundamentals support a valuation of $12 per share...

Wunderlich Securities has raised the price target on Axis Capital Holdings Limited (NYSE: AXS) from $42 to $45 and maintains its Buy rating.

Shares of Northbrook, Illinois-based insurance company Allstate Corporation (NYSE: ALL) are currently down 3.6% at $31.20 per share during Thursday afternoon trading. Today's trading range for shares of Allstate Corporation has been between $30.70 and $31.44 per share. The consensus price target of...

Keefe, Bruyette & Woods maintained its Allstate (NYSE: ALL) Market Perform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Life results continue to rebound. We are cutting our EPS estimates and maintain a Market Perform." Shares of Allstate were...

Keefe, Bruyette & Woods maintained its Hanover Insurance Group (NYSE: THG) Outperform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Lower cats drove the relative beat versus our estimate and premium growth, largely deal driven, continued to be...

Allstate (NYSE: ALL) reported 4Q EPS of $0.50/share compared to our estimate of $0.91/share. The miss was driven by much higher than expected catastrophe losses accompanied by an increase in the underlying auto loss ratio. On the positive side, ALL pushed rate increases across both lines, new auto...

Wunderlich Securities is reiterating its Buy rating and $37 PT on Aspen Insurance Holdings Ltd. (NYSE: AHL). “[AHL] reported operating results above expectations for 4Q10 and year end. Full-year 2010 operating EPS were $3.03 on total premiums of $1.9 billion, compared to EPS of $5.16 and premiums...

In a report published earlier today, Piper Jaffray announced that it will adjust its forecast for fourth quarter EPS for FPIC Insurance Group (NASDAQ: FPIC) from $0.74 to $0.46. According to Piper Jaffray, this adjustment better reflects the better-than-expected acquisition of Advocate MD....

( click to enlarge ) In line with my prior expectation, Toll Brothers, Inc. (NYSE:TOL)  moved up on Wednesday and is testing key resistance currently. Hence, fresh long position is recommended only if the stock climbs above $21.95 with tight stop-loss at $21.34. ( click to enlarge ) JDS...

The Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter and full year 2010. Net income for the 2010 year was $928 million, or $1.71 per diluted share, compared to $854 million in 2009. The increase was due to improved investment results and higher operating...

The Hanover Insurance Group, Inc. (NYSE: THG) today reported fourth quarter and full year 2010 results. "Our fourth quarter results reflect a continuation of the positive trends we saw during 2010," said Frederick H. Eppinger, chief executive officer at The Hanover. "Our ex-catastrophe accident...

The Allstate Corporation (NYSE: ALL) today reported financial results for the fourth quarter: Allstate's fourth quarter 2010 net income was $296 million, or $0.55 per diluted share, compared to $518 million, or $0.96 per diluted share, in the fourth quarter of 2009. Total operating income was $271...