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Navigators Group Launches Reinsurance Business
Thursday, October 28, 2010 - 9:19am | 39The Navigators Group, Inc. (NASDAQ: NAVG) today announced that its principal underwriting agency subsidiary, Navigators Management Company, Inc., has established Navigators Re, a unit focused on developing specialty assumed reinsurance business.
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Old Republic Reports Third Quarter Loss of $16 per Share
Thursday, October 28, 2010 - 9:10am | 34Old Republic International Corporation (NYSE: ORI), today reported the following results for the third quarter: Operating Revenues $982.6M Net Operating Income (Loss) $(41.4)M Net Income (Loss) $(0.16)
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Citi Discusses Allstate's Earnings (ALL)
Thursday, October 28, 2010 - 7:36am | 131Citi Investment Research has an investment report on The Allstate Corporation (NYSE: ALL), after the company reported a mixed quarter yesterday. It has a $40 price target and a Buy rating on shares. In the note, Citi writes, "We view ALL as a de-risking story that is a work-in-progress. 4 key...
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Benzinga's After Hours Decliners (FLS, ALL, SKX, FIRE, NLY)
Wednesday, October 27, 2010 - 7:14pm | 112Among the stocks that have been falling in the after hours trading session are Flowserve (NYSE: FLS), Allstate (NYSE: ALL), Skechers USA (NYSE: SKX), Sourcefire (NASDAQ: FIRE), and Annaly Capital Management (NYSE: NLY). All of these companies reported earnings after the closing bell. Here is a look...
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Pina Coladas on the QE2 10-27-2010
Wednesday, October 27, 2010 - 7:06pm | 937Cusick's Corner In the words of the infamous song “Pina Colada” – “I was tired of my lady, we've been together too long, like a worn out recording of a favorite song,” the market seems to have tired of the old QE2 is-a-coming talk and maybe tired of this current run. Folks, we have been hearing...
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ACE Reports Third Quarter 2010 Net Income of $1.97 per Share
Wednesday, October 27, 2010 - 4:52pm | 89ACE Limited (NYSE: ACE) today reported net income for the quarter ended September 30, 2010, of $1.97 per share, compared with $1.46 per share for the same quarter last year. Income excluding net realized gains was $2.01 per share, compared with $2.07 per share for the same quarter last year. Book...
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Allstate Reports Third Quarter 2010 EPS of $.83
Wednesday, October 27, 2010 - 4:42pm | 83The Allstate Corporation (NYSE: ALL) today reported financial results for the third quarter of 2010: Allstate's third quarter 2010 net income was $367 million, or $0.68 per diluted share, compared to $221 million in the third quarter of 2009, primarily due to lower realized capital losses in 2010...
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ACE Expands in Asia - Analyst Blog
Wednesday, October 27, 2010 - 4:33pm | 468Property and casualty insurer ACE Limited (ACE) is on an acquisition spree. The company has inked a deal to acquire New York Life's Hong Kong and Korea life insurance operations for a cash consideration of $425 million. The acquisition is expected to close during the first quarter of 2011, subject...
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The Allstate Corporation Posts Mixed Earnings (ALL)
Wednesday, October 27, 2010 - 4:11pm | 159The Allstate Corporation (ALL) reports Q3 earnings of $0.83 versus consensus of $0.98. The Allstate Corporation reports revenues of $7.91 billion versus consensus of $6.84 billion. Book value per shares is $35.48, up 7% sequentially. Adjusted book value is $33.38. "Our strategies to create...
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Zacks #1 Rank Additions for Wednesday - Tale of the Tape
Wednesday, October 27, 2010 - 3:33pm | 266Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: Acacia Research (ACTG) Amerisafe Inc (AMSF) The Bank of Kentucky Financial Corp (BKYF) BNP Paribas SA ADR (BNPQY) Digital River Inc (DRIV) View the entire Zacks #1 Rank List. ACACIA RES-TECH (ACTG): Free Stock Analysis...
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Correlation Between Euro & SPY Intact Today 10-27-2010
Wednesday, October 27, 2010 - 3:32pm | 860Cusick's Corner As I have stated in past Corners, as the Euro Currency goes so does the market -- that correlation between FXE and SPY is still intact today. The Euro FXE pulled back in the last week from the $1.40 to the $1.37 and the SPY has been in lock step with this move. Both markets are...
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GAINSCO, INC. Does Not Comment on Unusual Market Activity
Wednesday, October 27, 2010 - 3:24pm | 47In view of the unusual market activity in the stock of GAINSCO, INC. (GAN), the NYSE has contacted the Company in accordance with its usual practice. GAINSCO, INC. stated that its policy is not to comment on unusual market activity.
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Aspen Declares Dividends of 15 Cents
Wednesday, October 27, 2010 - 1:11pm | 138Aspen Insurance Holdings Limited (the “Company”) (NYSE: AHL) today announced that its Board of Directors declared a quarterly cash dividend on its ordinary shares of US$0.15 per ordinary share. The dividend is payable on November 26, 2010 to the holders of record as of the close of trading on...
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RBC Capital Changing Price Targets
Wednesday, October 27, 2010 - 1:01pm | 335RBC Capital is changing the following price targets and reiterating coverages: W.R. Berkley (NYSE: WRB); Outperform, from $30 to $31 Rogers Comms (NYSE: RCI); Sector Perform, from $46 to $44 National Oilwell Varco (NYSE: NOV); Outperform, from $55 to $70 Motricity (NASDAQ: MOTR); Outperform, from $...
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Calls Purchased on Chubb Corp. (CB)
Wednesday, October 27, 2010 - 12:18pm | 130Shares of The Chubb Corporation (NYSE: CB) are lower on the session by 1.59%, currently trading at $57.65. The stock has been moving largely higher over the past six months, rallying off of support (via the $50.00 level and the 200-day moving average) in early July. Options traders are buying...