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Assured Guaranty Ltd. Declares Quarterly Dividend of $0.045
Wednesday, February 9, 2011 - 1:34pm | 41Assured Guaranty Ltd. (NYSE: AGO) today declared a quarterly dividend of U.S. $0.045 per common share. The dividend is payable on March 9, 2011 to shareholders of record at the close of business on February 23, 2011.
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Assured Guaranty Ltd. Declares Quarterly Dividend of $0.045
Wednesday, February 9, 2011 - 1:34pm | 41Assured Guaranty Ltd. (NYSE: AGO) today declared a quarterly dividend of U.S. $0.045 per common share. The dividend is payable on March 9, 2011 to shareholders of record at the close of business on February 23, 2011.
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KBW Raises AXS Target To $36
Wednesday, February 9, 2011 - 9:01am | 26KBW is raising its PT on shares of Axis Capital Holdings (NYSE: AXS) to $36. Axis Capital Holdings closed $36.82.
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KBW Maintains Market Perform Rating On XL
Wednesday, February 9, 2011 - 8:49am | 70XL Group (NYSE: XL) reported a ROCK of [$0.57, $0.74, $0.67, $0.67] with the beat driven by reserve releases, KBW reports. “The combined ratio was 91.4% with 9.5% of releases,” KBW writes. “Organic premium growth was 8.6%, driven by international professional lines, construction and marine. Buyback...
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JP Morgan Maintains Neutral Rating On Axis Capital Holdings (AXS)
Wednesday, February 9, 2011 - 8:13am | 129Axis Capital Holdings (NYSE: AXS) beat JP Morgan's Q4 EPS estimates. JP Morgan notes that Axis “reported 4Q EPS of $1.41 versus our estimate of $1.29 and consensus of $1.22. The upside reflected lower than estimated losses related to the New Zealand earthquake exposure revisions.” “Specifically,...
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AXS 4Q10 "Significantly Above" Wunderlich Securities Estimate
Wednesday, February 9, 2011 - 8:01am | 96Axis Capital Holdings (NYSE: AXS) reported 4Q10 operating EPS of $1.41, “significantly above our estimate of $1.15 and the consensus estimate of $1.21,” Wunderlich Securities reports. “The beat was due to better-than-expected premium growth, favorable reserve development, and share repurchases....
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US Stock Futures Signal Lower Start On Wall Street, Earnings In Focus
Wednesday, February 9, 2011 - 6:34am | 420US stock futures are lower this morning. Investors are awaiting comments from Federal Reserve Chairman Ben Bernanke. Futures for the Dow Jones Industrial Average dropped 22 points to 12,174.00, while those for the S&P 500 index declined 4.9 points to 1,316.80. Futures for the Nasdaq 100 index...
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Earnings Scheduled For February 9 (MET, KO, NOC, CSC, ALL, WFMI, IR, STO, CSCO, ICE, ATVI, LGF, RL, AKAM)
Wednesday, February 9, 2011 - 4:23am | 360MetLife (NYSE: MET) is expected to post its Q4 EPS at $1.10 on revenue of $13.50 billion. Coca-Cola (NYSE: KO) is projected to report its Q4 EPS at $0.72 on revenue of $9.75 billion. Northrop Grumman (NYSE: NOC) is projected to report its Q4 earnings at $1.01 per share on revenue of $8.80 billion...
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Infinity Property and Casualty Corporation Increases Dividend by 28.6%
Tuesday, February 8, 2011 - 4:54pm | 59Infinity Property and Casualty Corporation (Nasdaq: IPCC) announced today that it declared a quarterly dividend of $0.18 per share of Infinity Property and Casualty Common Stock. The annual rate of $0.72 per share represents a 28.6% increase over the dividend paid in 2010. The dividend is...
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AXIS Capital Beats EPS Estimates By $0.20 (AXS)
Tuesday, February 8, 2011 - 4:15pm | 124AXIS Capital Holdings Limited (NYSE: AXS) today reported net income available to common shareholders for the fourth quarter of 2010 of $264 million, or $1.99 per diluted common share, compared with net income of $282 million, or $1.87 per diluted common share, for the fourth quarter of 2009. Net...
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Allstate and Discover to Enter Into Multi-Year Marketing Agreement
Tuesday, February 8, 2011 - 4:07pm | 112he Allstate Corporation (NYSE: ALL) and Discover Financial Services (NYSE:DFS - News) today announced their plans to enter into a multi-year distribution and marketing agreement. As part of the transaction, Discover Bank will purchase substantially all of the deposits of Allstate Bank. The parties...
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AXIS Capital Reports Q4 EPS of $1.99 vs. $1.22
Tuesday, February 8, 2011 - 4:04pm | 75AXIS Capital Holdings Limited (NYSE: AXS) today reported net income available to common shareholders for the fourth quarter of 2010 of $264 million, or $1.99 per diluted common share, compared with net income of $282 million, or $1.87 per diluted common share, for the fourth quarter of 2009. Net...
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Puts Purchased on Fidelity National Financial (FNF)
Tuesday, February 8, 2011 - 2:21pm | 128Shares of Fidelity National Financial (NYSE: FNF) are higher on the session by 0.07%, currently trading at $13.99. The stock has been moving largely sideways over the past four months and is currently consolidating around the 50-day and 200-day moving averages. Options traders are buying puts on...
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Sterne Agee Provides Color On AHL 4Q10 EPS
Tuesday, February 8, 2011 - 9:44am | 93Aspen Insurance Holdings (NYSE: AHL) operating EPS was $1.02, Sterne Agee reports. “Adjusting for $10 mm higher other income and a lower tax rate versus our forecast, we would put the core EPS at $0.83,” Sterne Agee writes. “This compares to our estimate at $0.68 and the Street consensus at $0.73...
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KBW Raises AHL Target To $32
Tuesday, February 8, 2011 - 8:59am | 25KBW is raising its PT on Aspen Insurance Holdings (NYSE: AHL) to $32. Aspen Insurance closed Monday at $30.74.