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US Stock Futures Points Lower Start On Wall Street
Monday, November 8, 2010 - 7:16am | 262US stock futures are signaling lower start on Wall Street today. Futures on the Dow Jones Industrial Average lost 29 points to 11,347.00 and S&P 500 futures fell 5.70 points to 1,217.30. Nasdaq 100 futures dropped 7.25 to 2,177.50. The US dollar gained against its major rivals. US stock markets...
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EMC Insurance Group Inc. Declares Cash Dividend of $.19
Friday, November 5, 2010 - 9:30am | 76The Board of Directors of EMC Insurance Group Inc. (NASDAQ: EMCI) declared a quarterly dividend of $0.19 per share of common stock payable November 24, 2010 to shareholders of record as of November 17, 2010. The declared dividend reflects a 5.6 percent increase over the previous quarterly dividend...
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ProAssurance Book Value Grows 17% in 3Q
Friday, November 5, 2010 - 9:20am | 180On November 3, ProAssurance Corp. (NYSE: PRA) reported 3Q10 operating EPS of $1.30 compared to $1.58 a year ago. PRA beat our estimate of $1.24 but fell short of the consensus estimate of $1.31. The operating result was due to better-than-expected reserve development of $33.4 million, or $0.80 per...
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Wunderlich Gives Tower Group Earnings Preview
Friday, November 5, 2010 - 9:08am | 129Tower Group (NASDAQ: TWGP) is expected to report 3Q10 results on November 8, after the market close. Wunderlich forecasts 3Q10 operating EPS of $0.75 compared to $0.74 a year ago and within the company's guidance of $0.75-$0.80 per share; the consensus estimate is $0.75. It expects top-line growth...
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Wunderlich Gives Markel Corporation Earnings Preview
Friday, November 5, 2010 - 8:01am | 156Hold-rated Markel Corp. (NYSE: MKL) will report 3Q10 results today, after the market close. Wunderlich estimates 3Q10 operating EPS of $4.08 vs. $7.98 a year ago; the consensus estimate is $3.58. Wunderlich believes results will be impacted by competitive pricing pressures in the Excess &...
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Assured Guaranty Ltd. Reports Third Quarter 2010 Operating Income of $222.8 Million ($1.19 per Diluted Share) and Net Income of $180.9 Million ($0.96 per Diluted Share)
Thursday, November 4, 2010 - 4:45pm | 155Assured Guaranty Ltd. (NYSE: AGO) * Third quarter 2010 operating income(1) increased 382% from third quarter 2009 operating income of $46.2 million. Third quarter 2010 operating income per diluted share increased 310% from $0.29 per diluted share in third quarter 2009. Both third quarter 2010...
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Navigators Reports Third Quarter Earnings: EPS of $1.00
Thursday, November 4, 2010 - 4:25pm | 69The Navigators Group, Inc. (NASDAQ: NAVG) reported net income of $16.2 million, or $1.00 per diluted share, for the three months ended September 30, 2010 compared to net income of $21.4 million, or $1.24 per diluted share, for the comparable period in 2009. Operating earnings (1) were $13.7 million...
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Assured Guaranty Beats Handily (AGO)
Thursday, November 4, 2010 - 4:15pm | 18Assured Guaranty Ltd. (AGO) reports Q3 earnings of $1.19 versus consensus of $0.88.
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Alleghany Corporation Reports 2010 Third Quarter EPS of $4.15
Thursday, November 4, 2010 - 4:00pm | 116Stockholders' equity per common share of Alleghany Corporation (NYSE: Y) at September 30, 2010 was $318.99, an increase of 6.1% 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....
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XL Group Beats, Approves Buyback - Analyst Blog
Thursday, November 4, 2010 - 3:03pm | 718XL Group (XL) reported third-quarter 2010 operating income of 52 cents per share, beating the Zacks Consensus Estimate of 60 cents by 8 cents. Results were, however, much below third-quarter 2009 operating earnings of 85 cents. Operating income was $175.0 million, down 40.2% from $292.6 million...
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American Physicians Beats Estimates - Analyst Blog
Thursday, November 4, 2010 - 2:33pm | 491American Physicians Service Group Inc. (AMPH) reported third quarter 2010 operating earnings of 94 cents per share, beating the Zacks Consensus Estimate of 69 cents by a substantial 25 cents. Results also compare favorably with 90 cents reported in the prior-year quarter. Operating earnings in...
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Aspen Appoints Albert Beer to Board
Thursday, November 4, 2010 - 2:00pm | 62Aspen Insurance Holdings Limited (NYSE: AHL) today announced that the Company's Board of Directors has appointed Mr. Albert J. Beer to the Board in a non-executive capacity with effect from February 1, 2011. Mr. Beer has also been appointed to the Risk Committee and the Audit Committee, where he...
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ProAssurance In Line with Estimates - Analyst Blog
Thursday, November 4, 2010 - 1:54pm | 545ProAssurance Corporation (PRA) reported its third-quarter operating earnings of $41.5 million or $1.30 came in line with the Zacks Consensus Estimate. However, this compares unfavorably with earnings of $52.2 million or $1.58 per share in the prior-year quarter. Net income in the quarter was $...
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UBS Downgrades ACGL and XL to Neutral
Thursday, November 4, 2010 - 10:34am | 47UBS is making the following ratings changes: Arch Capital Group (NASDAQ: ACGL) Downgrading to Neutral 12-month rating: Prior: Buy XL Group plc (NYSE: XL) Downgrading to Neutral 12-month rating: Prior: Buy
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Oppenheimer Maintains Employers Holdings Rating
Thursday, November 4, 2010 - 9:59am | 98Employers Holdings Inc. (NYSE: EIG) reported third quarter operating EPS of $0.13 “compared to our estimate of $0.23 and consensus of $0.25,” Oppenheimer reports. Net written premiums were about 7.5% above estimates, but declined by 2% year over year. “The accident year loss ratio was in line with...