-
ACE Limited Offers Notes - Analyst Blog
Monday, November 22, 2010 - 6:00pm | 436ACE INA Holdings Inc., a subsidiary of ACE Limited (ACE), will sell senior notes worth $700 million, bearing a coupon of 2.60%, which mature in November 2012. The company increased the offer size from $500 million planned earlier. Rating agency A.M. Best Co. has assigned a debt rating of “a-”...
-
The Hanover Insurance Group, Inc. Declares a Quarterly Dividend of $0.25 Per Share
Monday, November 22, 2010 - 5:10pm | 52The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its Board of Directors declared a dividend of 25 cents ($0.25) per share on the issued and outstanding Common Stock of the company, payable December 21, 2010, to shareholders of record at the close of business on December 7, 2010.
-
ACE Limited Offers Notes - Analyst Blog
Monday, November 22, 2010 - 12:30pm | 436ACE INA Holdings Inc., a subsidiary of ACE Limited (ACE), will sell senior notes worth $700 million, bearing a coupon of 2.60%, which mature in November 2012. The company increased the offer size from $500 million planned earlier. Rating agency A.M. Best Co. has assigned a debt rating of “a-”...
-
High Yield No Debt Stocks
Saturday, November 20, 2010 - 12:44pm | 412Debt can have its advantages, such as leverage, but can also be a burden. Many successful companies are debt free, such as Apple (AAPL) or have very low debt relative to cash, such as Amazon (AMZN). If you combine the debt free feature with a high yield, you may have a recipe for a successful...
-
ACE Limited Approves Share Buyback - Analyst Blog
Friday, November 19, 2010 - 5:00pm | 490The board of directors of ACE Limited (ACE) approved a share buyback program, wherein the company is authorized to buy back up to $600 million of its common shares through December 31, 2012. The company with an intention to offset, in whole or in part, the expected dilution from the exercise of...
-
Progressive Lags in October - Analyst Blog
Friday, November 19, 2010 - 4:30pm | 604Progressive Corp.'s (PGR) earnings per share for October 2010 were 12 cents, down 25% from 16 cents in October 2009. However, the results of the reported month were in line with September 2010. Net income for the month declined a substantial 28% to $76.5 million from $106.7 million in the year-...
-
Allstate on Hiring Spree - Analyst Blog
Friday, November 19, 2010 - 3:33pm | 544Going ahead with its proactive investment approach, The Allstate Corp.'s (ALL) Allstate Insurance Co. is in the process of employing about 155 licensed sales producers across Texas in the U.S. by the end of 2010, according to Business Journal. The company has collaborated with a staffing and...
-
ACE Limited Approves Share Buyback - Analyst Blog
Friday, November 19, 2010 - 11:22am | 490The board of directors of ACE Limited (ACE) approved a share buyback program, wherein the company is authorized to buy back up to $600 million of its common shares through December 31, 2012. The company with an intention to offset, in whole or in part, the expected dilution from the exercise of...
-
Progressive Lags in October - Analyst Blog
Friday, November 19, 2010 - 10:55am | 604Progressive Corp.'s (PGR) earnings per share for October 2010 were 12 cents, down 25% from 16 cents in October 2009. However, the results of the reported month were in line with September 2010. Net income for the month declined a substantial 28% to $76.5 million from $106.7 million in the year-...
-
Allstate on Hiring Spree - Analyst Blog
Friday, November 19, 2010 - 10:09am | 544Going ahead with its proactive investment approach, The Allstate Corp.'s (ALL) Allstate Insurance Co. is in the process of employing about 155 licensed sales producers across Texas in the U.S. by the end of 2010, according to Business Journal. The company has collaborated with a staffing and...
-
RLI Declares Dividend of $.29
Thursday, November 18, 2010 - 5:45pm | 45RLI Corp. (NYSE: RLI) Board of Directors has declared a fourth quarter cash dividend of $0.29 per share, the same amount as the prior quarter. The dividend is payable on December 29, 2010 to shareholders of record as of December 16, 2010.
-
Montpelier Increases Dividend - Analyst Blog
Thursday, November 18, 2010 - 10:33am | 720Insurance and reinsurance solutions provider Montpelier Re Holdings Ltd. (MRH) has declared an increase in its quarterly dividend by 11% to 10 cents per share.The increased dividend will be paid on January 14, 2010, to shareholders of record as of December 31, 2010. On the basis of increased...
-
Montpelier Increases Dividend - Analyst Blog
Thursday, November 18, 2010 - 4:50am | 720Insurance and reinsurance solutions provider Montpelier Re Holdings Ltd. (MRH) has declared an increase in its quarterly dividend by 11% to 10 cents per share.The increased dividend will be paid on January 14, 2010, to shareholders of record as of December 31, 2010. On the basis of increased...
-
Allstate Insurance Company Files $2.9 Million Medical Fraud Case
Wednesday, November 17, 2010 - 2:39pm | 77As detailed in a lawsuit filed today, its sixth this year, Allstate Insurance Company (NYSE: ALL) seeks to prove that professional service corporations were actually owned and operated by a layperson, rather than by licensed physicians or medical professionals. Allstate is committed to fight...
-
Stock Market News for November 17, 2010 - Market News
Wednesday, November 17, 2010 - 10:33am | 985Reports of a slowdown in China and concerns that the European debt crisis could spread throughout the continent cast a shadow on Wall Street Tuesday, sending the Dow average to its biggest single-session drop since August. The fast-paced economic growth in some Asian economies, particularly...