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Bulls Swarming XL Group (XL)
Thursday, September 9, 2010 - 10:36am | 162Shares of XL Group plc (NYSE: XL) are higher on the session by 2.30%, currently trading at $20.04. The stock has been moving largely higher over the past three months, off from recent lows near $15.50. Note that $20.00 is first resistance. Options traders are buying calls on the name today. The...
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Unconfirmed Rumors that Munich Re will make $35.00 bid for XL Group plc (XL)
Thursday, September 9, 2010 - 9:48am | 34Unconfirmed Rumors that Munich Re will make $35.00 bid for XL Group plc (XL),(XL) could not be reached for comment
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Citigroup Reiterates Hold Rating on Allstate Corp (ALL)
Wednesday, September 8, 2010 - 9:24am | 276Citigroup is out with a research report this morning, where it reiterates its Hold rating on Allstate Corp. (NYSE: ALL); it has a $32.00 price target on the stock. The Citi analysts cited a recent meeting with company management, where they came away believing that the company is continuing to...
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Zacks Releases Four Powerful ''Buy'' Stocks: The Cooper Companies, Meadowbrook Insurance Group, Alliance Holdings GP, LP and G-III Apparel Group - Press Releases
Wednesday, September 8, 2010 - 8:39am | 1325For Immediate Release Chicago, IL – September 8, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...
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Meadowbrook Insurance Group, Inc - Growth & Income
Wednesday, September 8, 2010 - 2:03am | 401Meadowbrook Insurance Group (MIG) recently posted its third consecutive positive EPS surprise (and 8th in the last 9 quarters). Company Description Meadowbrook is a specialty insurance underwriter and insurance administration services company. It is engaged primarily in developing and managing...
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AMPH Redeems Preferred Stock - Analyst Blog
Tuesday, September 7, 2010 - 3:36pm | 2655The board of directors of American Physicians Service Group (AMPH) has decided on an early redemption of all the 3% Series A redeemable preferred stock, worth $6 million. The board also decided to pay accrued dividends on the preferred stock through the redemption date. The payment will...
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Paying Dividends - Analyst Blog
Tuesday, September 7, 2010 - 11:42am | 2422Last week the stock market had a good week, and the bond market corrected a bit. Still, relative to the yield on the 10-year t-note of 2.71% on Friday, stocks look extremely attractive. The S&P 500 is trading for just 13.4x consensus expectations for 2010, and 11.6x 2011 expectations. That...
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American Phys. Goes to ProAssurance - Analyst Blog
Monday, September 6, 2010 - 8:33am | 649Yesterday, medical professional liability insurer American Physicians Service Group Inc. (AMPH) agreed to be acquired by ProAssurance Corporation (PRA). Per the agreement, the shareholders of American Physicians will receive $32.50 per share in cash from the acquirer and the transaction is expected...
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Keefe, Bruyette, & Woods Reiterates Outperform on Allied World (AWH)
Friday, September 3, 2010 - 8:40am | 130Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Outperform rating on Allied World Assurance Holdings Ltd. (NYSE: AWH); it has a $67.00 price target on the stock. The analysts said, “Allied released 2009 loss reserve triangles, providing eight years...
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The Current Hottest Stocks
Thursday, September 2, 2010 - 3:23pm | 2197Running a quick screen on finviz.com I came up with a list of just under 50 of the hottest stocks in terms of performance. I pulled out 4 names at the bottom of the list which are takeover candidates. Here are the criteria: Market cap > $300M Trading volume > 200K daily Stock price > $10 Over 50...
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Wunderlich Sees 'Opportunity' in ProAssurance Acquisition (PRA)
Thursday, September 2, 2010 - 1:19pm | 123Wunderlich Securities sees 'opportunity' in ProAssurrance Corporation's (NYSE: PRA) acquisition of American Physicians Services Group for $222 million. Wunderlich reiterated its Buy rating, and $64 price target. The transaction, set to close by year-end, "makes sense due to PRA's limited existing...
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Chubb Board Declares Regular Quarterly Dividend of $.37
Thursday, September 2, 2010 - 1:02pm | 38The Board of Directors of The Chubb Corporation (NYSE: CB) today declared a regular quarterly dividend in the amount of $0.37 per share payable October 5, 2010 to shareholders of record on September 17, 2010.
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Benzinga’s Top Downgrades (PPL, VALE, AMPH, MNRO)
Thursday, September 2, 2010 - 10:09am | 160PPL Corporation (NYSE: PPL) was downgraded by Citigroup from “buy” to “hold.” PPL’s shares closed at $27.85 yesterday. PPL’s earnings are likely to fall by 50.86% this year. RBC Capital downgraded VALE (NYSE: VALE) from "outperform" to "sector perform." VALE’s shares closed at $28.37 yesterday....
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Shareholders Foundation Announces Wesco Financial Corporation Investor Lawsuit
Thursday, September 2, 2010 - 9:33am | 176The Shareholders Foundation, Inc. announces that a lawsuit has been filed in State Court on behalf of current investors in Wesco Financial Corporation (AMEX: WSC), who purchased COGT shares before August 25, 2010, over alleged breaches of fiduciary duty by certain members of the Cogent board of...
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Fidelity National Financial, Inc Acquires Commerce Velocity
Thursday, September 2, 2010 - 9:17am | 49Fidelity National Financial, Inc. (NYSE: FNF) today announced the acquisition of Commerce Velocity. Commerce Velocity provides technology solutions to mortgage lenders, loan servicing organizations and investment banks that enable users to mitigate risk and optimize outcomes for their mortgage...