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Argo Group Announces 2010 Third Quarter EPS of $.77
Tuesday, November 2, 2010 - 4:40pm | 168Argo Group International Holdings, Ltd. (Nasdaq: AGII) today announced financial results for the three and nine months ended Sept. 30, 2010. Highlights for the three months ended Sept. 30, 2010: Total revenue was $333.3 million versus $380.5 million in the third quarter of 2009; Net income...
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XL Group plc Announces 1 Billion Share Buyback
Tuesday, November 2, 2010 - 4:29pm | 18XL Group plc (NYSE: XL)announced a new $1 billion buyback
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XL Group plc Announces Third Quarter EPS of $.23
Tuesday, November 2, 2010 - 4:28pm | 158XL Group plc (NYSE: XL) today reported its results for the third quarter of 2010. Operating income was $175.0 million in the third quarter, or $0.52 per ordinary share, compared to $292.6 million in the same quarter last year. Although it is considered to be a relatively light quarter for natural...
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Kathleen Tierney Will Succeed Andrew McElwee as COO of Chubb Personal Insurance
Tuesday, November 2, 2010 - 4:21pm | 71The Chubb Corporation (NYSE: CB) today announced that Kathleen M. Tierney will succeed Andrew A. McElwee, Jr. as Chief Operating Officer of Chubb Personal Insurance, effective immediately. After a 25-year career at Chubb, McElwee will retire on December 31, 2010 and in the interim will assist with...
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XL Group Approves $1 Billion Buyback (XL)
Tuesday, November 2, 2010 - 4:15pm | 26XL Group plc (NYSE: XL) reports Q3 earnings of $0.52 versus consensus of $0.60. XL Group approves $1 billion stock buyback.
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First American Acquires NAZCA
Tuesday, November 2, 2010 - 3:13pm | 96First American Financial Corporation (NYSE: FAF) today announced the acquisition of NAZCA Solutions, Inc., a Minnesota-based company founded in 2003 that leverages Web technology to aggregate disparate property datasets from multiple internal and external sources. With the acquisition of NAZCA,...
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Infinity Property and Casualty Corporation Declares Quarterly Dividend of $.14
Tuesday, November 2, 2010 - 2:10pm | 45Infinity Property and Casualty Corporation (Nasdaq: IPCC) announced today that it declared a quarterly dividend of $0.14 per share of Infinity Property and Casualty Common Stock. The dividend is payable on December 17, 2010 to holders of record on December 3, 2010.
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AXIS Capital Beats Estimate - Analyst Blog
Tuesday, November 2, 2010 - 12:00pm | 631AXIS Capital Holdings Limited (AXS) reported third-quarter operating income of $1.22 per share, beating the Zacks Consensus Estimate of $1.16 by 6 cents. Results also compared favorably with an operating income of $1.00 per share in the prior-year period. Operating income was $163.5 million in...
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Bearish MACD for STC - Tale of the Tape
Tuesday, November 2, 2010 - 11:33am | 115Stewart Information's (STC) MACD indicator has entered into bearish territory with a reading of -0.1009. The Zacks #5 Rank (“Strong Sell”) stock decreased slightly to $10.57 in morning trade. The Zacks Consensus Estimate for the year ending 2010 has worsened by 7 cents over the past week to a loss...
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Company News for November 1, 2010 - Corporate Summary
Tuesday, November 2, 2010 - 11:00am | 754• Baker Hughes (NYSE: BHI) posted third quarter earnings of $0.54, $0.07 better-than-expected, on an 83% revenue surge to $4.1 billion, up from Street estimates of $3.8 billion • Humana (NYSE: HUM) beat estimates by $0.35 with third quarter adjusted earnings of $2.01, versus estimates of $1.66, on...
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Axis Capital Reports Mixed Earnings
Tuesday, November 2, 2010 - 9:24am | 159Axis Capital (NYSE: AXS) reported Q3 operating EPS of $1.22, above consensus of $1.14, but below our estimate of $1.35. The downside versus Wells Fargo's estimate reflects foreign exchange losses of $25 million. Wells Fargo is lowering 2010 EPS estimate to $4.45 (from $4.58) to account for the...
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Axis Capital 3Q Above Consensus But Below J.P. Morgan Estimate
Tuesday, November 2, 2010 - 8:15am | 93Axis Capital (NYSE: AXS) reported 3Q EPS of $1.22 versus J.P. Morgan's estimate of $1.55 and consensus of $1.18. “The primary difference versus our estimate appears to be a greater loss form the New Zealand earthquake, although lower premium volume and FX were also factors,” J.P. Morgan writes. “To...
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Sterne Agee Discusses Axis Capital's Earnings (AXS)
Tuesday, November 2, 2010 - 7:22am | 109Sterne Agee discusses Axis Capital Holdings Ltd. (NYSE: AXS) earnings, after it reported earnings yesterday. It has a Neutral rating and a $38 price target. In a note to clients, Sterne Agee writes, "Fully diluted book value came in at $39.01 vs. $36.55 at 2Q and our $39.06 estimate. Fully diluted...
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Axis Capital Operating Income Climbs To $164 Million (AXS)
Monday, November 1, 2010 - 4:35pm | 223Insurance company Axis Capital Holdings Limited (NYSE: AXS) announced after the market closed on Monday that it beat consensus Wall Street earnings estimates. Axis Capital Holdings Limited reported that its 3rd quarter operating income rose to $164 million, or $1.22 per share, up from $152 million...
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Meadowbrook Insurance Group, Inc. Reports Third Quarter EPS of $.28
Monday, November 1, 2010 - 4:14pm | 119Meadowbrook Insurance Group, Inc. (NYSE: MIG) reported that third quarter 2010 net operating income, a non-GAAP measure, grew by 25.0% or $2.9 million to $14.6 million, or $0.27 per diluted share, compared to $11.7 million, or $0.20 per diluted share, in the third quarter of 2009. Net income...