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Oppenheimer Raises W.R. Berkley Corporation Estimates
Monday, November 15, 2010 - 11:32am | 70Oppenheimer is raising its 2010 and 2011 operating EPS estimates for W.R. Berkley Corporation (NYSE: WRB) to $2.69 and $2.23, respectively. “Our revised estimates reflect marginally better revenue, through both investment income and premiums, and lower relative expenses,” Oppenheimer writes. “Our...
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Gilford Securities Reiterates Buy Rating on HCII
Monday, November 15, 2010 - 11:24am | 160Gilford Securities is out with a research report this morning, where it reiterates its Buy rating on Homeowners Choice (NASDAQ: HCII); it has a $10.50 price target on the stock. The GS analysts cited the company's recently reported Q2 earnings results, which were below estimates (on an adjusted...
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Oppenheimer Reduces EPS Estimate for Amerisafe
Monday, November 15, 2010 - 10:24am | 105Oppenheimer has lowered their EPS estimate on Amerisafe (NasdaqGS: AMSF)following 3Q10 results. Oppenheimer's 4Q10 estimate is $0.43 which is $0.02 lower than their previous estimate. They have also lowered their 2011 estimate almost $0.10 to $1.57. In a note to clients Oppenheimer states, "We...
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Oppenheimer Revises Estimates on Navigators Group
Monday, November 15, 2010 - 9:07am | 68Oppenheimer released its quarterly update today on Navigators Group (NasdaqGS: NAVG) in which they revise operating estimates and investment income. Oppenheimer has revised the 2010 and 2011 NAVG operating estimates to $3.13/share and $3.31/share. The estimate for investment income was $1M to the...
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Oppenheimer Raising Estimates On W.R. Berkley (WRB)
Monday, November 15, 2010 - 7:44am | 124Oppenheimer & Co. is raising its estimates on W.R. Berkley Corporation (NYSE: WRB), but is keeping its Perform rating on shares. In a research report sent to investors, Oppenheimer writes, "We are raising our 2010 and 2011 operating EPS estimates for WRB to $2.69 and $2.23 respectively. Our...
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GAINSCO Reports 3rd Quarter EPS of $.82
Thursday, November 11, 2010 - 5:35pm | 82GAINSCO, INC. (NYSE: GAN) today announced net income for the third quarter 2010 of $3.9 million, or $0.82 per common share, basic and diluted. This compares to third quarter 2009 net income of $0.2 million, or $0.04 per common share, basic and diluted. Net income for the nine months ended...
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Amerisafe Results Pretty Unsafe (revised) - Analyst Blog
Thursday, November 11, 2010 - 5:33pm | 709Amerisafe Inc.'s (AMSF) third quarter operating earnings per share of 26 cents came in substantially behind the Zacks Consensus Estimate of 46 cents and 64 cents in the prior-year quarter. Operating income declined 62.6% year over year to $4.9 million. Including net realized losses of $0.6...
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XL Group Joins Hands with CIMI Pro - Analyst Blog
Thursday, November 11, 2010 - 3:03pm | 364XL Insurance, the global insurance arm of XL Group (XL), inked an underwriting agreement with CIMI Professional (CIMI Pro), the professional liability underwriting division of Chandler Insurance Managers Inc. Per the agreement, CIMI Professional will provide professional liability and general...
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Wunderlich Securities Reiterates Buy Rating on Aspen Insurance (AHL)
Thursday, November 11, 2010 - 12:44pm | 163Wunderlich Securities is out with a research report this morning, where it reiterates its Buy rating on Aspen Insurance Holdings Limited (NYSE: AHL); it has a $37.00 price target on the stock. The WS analysts cited the company's recent announcement that it is accelerating its $184 million stock...
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Zacks Analyst Blog Highlights: California Pizza Kitchen, The Allstate, Prudential Financial, Micromet and AstraZeneca - Press Releases
Thursday, November 11, 2010 - 11:33am | 2150For Immediate Release Chicago, IL – November 11, 2010 – Zacks.com Analyst Blog features: California Pizza Kitchen Inc. (CPKI), The Allstate Corp. (ALL), Prudential Financial Inc. (PRU), Micromet Inc. (MITI) and AstraZeneca (AZN). Get the most recent insight from Zacks Equity Research with the free...
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ProAssurance Announces $200M Stock Repurchase
Thursday, November 11, 2010 - 9:34am | 83Board of Directors of ProAssurance Corporation (NYSE: PRA) has authorized an additional $200 million to repurchase our shares or retire outstanding debt. The authorization is effective immediately, but the timing and quantity of any purchases will depend on market conditions and changes in our...
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Aspen Insurance Holdings Announces $184M Accelerated Share Repurchase
Wednesday, November 10, 2010 - 5:51pm | 55Aspen Insurance Holdings Limited (NYSE: AHL) today announced that it has entered into an accelerated share repurchase program with Barclays Capital to buy back $184 million of Aspen's ordinary shares. The accelerated share repurchase program is in addition to $16 million of open market share...
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Allstate to Execute $1B Stock Buyback - Analyst Blog
Wednesday, November 10, 2010 - 5:30pm | 638After seeking approval from its board, on Tuesday, home and auto insurer, The Allstate Corp. (ALL) announced its intention to repurchase its common stock worth $1 billion by the end of March 2012. The stock buyback program may be conducted at intervals depending upon market conditions primarily...
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Losses Scale Up at Hilltop - Analyst Blog
Wednesday, November 10, 2010 - 4:33pm | 609On November 4, Hilltop Holdings Inc. (HTH) filed its 10-Q to report the third quarter 2010 results. Net loss attributable to common stockholders increased to $7.2 million or 13 cents per share from a net loss of $0.9 million or 2 cents per share in the year-ago period. This also compared...
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Q3 Revenues Up at Micromet - Analyst Blog
Wednesday, November 10, 2010 - 4:33pm | 469Micromet Inc.'s (MITI) third quarter 2010 loss per share came in at 13 cents, narrower than the year-ago loss of 32 cents. After adjusting for the change in fair value of warrants, the company reported a loss per share of 12 cents, less than the year-ago post adjustment loss of 22 cents. The...