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Wunderlich Securities Lowers Old Republic International EPS Following 3Q Loss
Friday, October 29, 2010 - 10:35am | 150Old Republic International Corp. (NYSE: ORI) reported a 3Q10 loss of $0.17 compared to a loss of $0.05 a year ago due to a spike in Consumer Credit Indemnity (CCI) and Mortgage Insurance (MI) claims, Wunderlich Securities reports. “The increase in claims was due to a catch-up in claim validations...
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Stock Market News for October 29, 2010 - Market News
Friday, October 29, 2010 - 10:03am | 1145Stocks had a mixed day on Thursday as investors weighed mixed earnings reports and a possible announcement from the Federal Reserve to buy bonds. 3M Co.'s downbeat earnings and its tepid full-year outlook wiped off market's initial advance that was fueled by a surprise drop in initial claims. The...
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Wunderlich Securities Raises Aspen Insurance Forecast And Book Value Estimate
Friday, October 29, 2010 - 10:01am | 152The stupendous sell-off panic experienced by Aspen Insurance Holdings (NYSE: AHL) shares resulted in a 10% decline in share price and $200 million loss in market value, Wunderlich Securities reports. “We believe the basis for this reaction was AHL's 3Q10 disclosure of a $6.0 million, or $0.07 per...
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Deutsche Bank Downgrades Aspen Insurance
Friday, October 29, 2010 - 8:46am | 103Deutsche Bank reports this morning that it is downgrading shares of Aspen Insurance Holdings Ltd. (NYSE: AHL) following its 3Q10 results. “The poor performance in 3Q10 was a confluence of a number of events: unfavorable development on its professional lines book, the lack of favorable development...
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Investors Title Company Announces Third Quarter EPS of $.63
Friday, October 29, 2010 - 8:38am | 186Investors Title Company (NASDAQ: ITIC) today announced its results for the third quarter ended September 30, 2010. Net income increased 49.5% to $1,449,101, or $0.63 per diluted share, compared with $969,043, or $0.42 per diluted share, for the prior year period. The increase in net income was...
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Benzinga's Top Downgrades (HOT, AXS, EXPE, ARBA)
Friday, October 29, 2010 - 7:22am | 148Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) was downgraded by RW Baird from "neutral" to "underperform." HOT's shares closed at $55.17 yesterday Starwood Hotels & Resorts Worldwide's 52-week trading range is $27.51-$59.00. Axis Capital Holdings Limited (NYSE: AXS) was downgraded by...
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Allstate Misses on Low Top Line - Analyst Blog
Thursday, October 28, 2010 - 4:21pm | 832Allstate Corporation's (ALL) third quarter operating earnings of 83 cents per share came in way behind the Zacks Consensus Estimate of 97 cents and 99 cents recorded in the year-ago quarter. Results for the quarter deteriorated primarily due to lower-than-expected premiums coupled with higher...
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ACE Beats Estimates, Ups Guidance - Analyst Blog
Thursday, October 28, 2010 - 4:21pm | 754ACE Limited (ACE) reported a third-quarter 2010 net income of $2.01 per share, beating the Zacks Consensus Estimate of $1.84 by 17 cents. Results lagged earnings of $2.07 per share reported in the year-ago period. Net income in the quarter was $688 million, down 1.9% from $701 million in the...
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China & Grain Markets 10-28-2010
Thursday, October 28, 2010 - 3:18pm | 858Cusick's Corner The Dollar, UUP, is doing its part to keep this market up. However, the bid on the Dollar is not as strong as we have seen in the recent past when we get these short-term shake outs. One of the more interesting comments that has been floating around on the wires is that China is...
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Zacks #1 Rank Additions for Thursday - Tale of the Tape
Thursday, October 28, 2010 - 1:03pm | 344Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Affiliated Managers Group Inc (AMG) Assured Guaranty Ltd (AGO) Banco Bradesco SA ADR (BBD) Bridge Capital Holdings (BBNK) Coach Inc (COH) View the entire Zacks #1 Rank List. ASSURED GUARNTY (AGO): Free Stock Analysis Report ...
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Market Roundup (SLE, ALL, EXAM, MOT, AKAM, SYMC, OCLR)
Thursday, October 28, 2010 - 12:59pm | 330The board of Directors of Sara Lee Corp (NYSE: SLE) announced a 4.5% rise in its quarterly dividend. The company declared a dividend of 11.5 cents per share, up from its earlier dividend of $0.11 per share. The dividend will be payable on December 31 to the shareholders, as of record on December 1...
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Cincinnati Financial Earnings Fell Short Of Quarterly Dividend, Deutsche Bank Reports
Thursday, October 28, 2010 - 11:02am | 77Cincinnati Financial Corporation's (NASDAQ: CINF) 3Q10 results came in under Deutsche Bank's estimate of $0.40 and the Street consensus of $0.37. “As with the two prior quarters of 2010, operating earnings fell short of the company's quarterly dividend (now $0.40),” Deutsche Bank writes. “Operating...
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Oppenheimer Maintains Allstate Corporation Rating
Thursday, October 28, 2010 - 10:41am | 125Allstate Corporation (NYSE: ALL) reported third-quarter operating EPS of $0.83, “below our $0.92 estimate and the Street estimate of $0.96,” Oppenheimer reports. “P&C underwriting income was $80M lower year over year, despite a $20M decline in catastrophe losses, and overall results were in...
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Cincinnati Trails Estimates - Analyst Blog
Thursday, October 28, 2010 - 10:33am | 512Cincinnati Financial Corp.'s (CINF) third-quarter net income of 34 cents per share was three cents shy of the Zacks Consensus Estimate of 37 cents. Results were also lower than 59 cents per share earned in the prior-year quarter. Earnings suffered due to a decline in property-casualty insurance...
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Two Catastrophes Lower Aspen Insurance Holdings' EPS, Wunderlich Securities Reports
Thursday, October 28, 2010 - 10:07am | 65Yesterday, October 27, Aspen Insurance Holdings Ltd. (NYSE: AHL) reported 3Q10 operating EPS of $0.79 versus $1.40 a year ago, Wunderlich Securities reports. “Our 3Q10 EPS estimate was $1.02; consensus was $1.12,” Wunderlich Securities writes. “The shortfall in 3Q10 was due to two major...