-
Will GDP Growth Be Negative in 3Q? - Analyst Blog
Thursday, August 26, 2010 - 4:04pm | 3020Yesterday’s double dose of bad economic news seriously raises the possibility that GDP growth in the third quarter will be negative. That does not mean a double dip for sure, since the general rule of thumb is that a recession is two back-to-back quarters of negative GDP, although the official...
-
Old Republic Declares Cash Dividend
Thursday, August 26, 2010 - 9:19am | 67The Board of Directors of Old Republic International (NYSE: ORI) today declared a quarterly cash dividend on the common stock of 17.25 cents per share. This dividend is payable September 15, 2010, to shareholders of record on September 3, 2010. 2010 marks the 69th year of uninterrupted cash...
-
Calls Purchased on Fidelity National (FNF)
Wednesday, August 25, 2010 - 12:12pm | 114Shares of Fidelity National Financial, Inc. (NYSE: FNF) are higher on the session by 0.62%, currently trading at $14.55. The stock has been moving largely higher over the past six weeks and is trading above the 50-day moving average. First resistance is at $15.00. Options traders are buying upside...
-
Deutsche Bank Initiates Coverage With A Buy Rating And $35 PT On AXIS Capital (AXS)
Tuesday, August 24, 2010 - 5:50pm | 196Analysts at Deutsche Bank rate shares of Axis Capital (NYSE: AXS) a “buy”, despite the belief that earnings seem poised to deteriorate among a softer underwriting cycle concurrent with lower investment yields. Analysts have also set a price target of $35.00 on the stock. Deutsche Bank writes, “...
-
EMC Insurance Group Inc. Declares Quarterly Dividend of $.18
Tuesday, August 24, 2010 - 2:54pm | 80The Board of Directors of EMC Insurance Group Inc. (NASDAQ: EMCI) declared a quarterly dividend of eighteen cents per share of common stock payable September 14, 2010 to shareholders of record as of September 7, 2010. EMC Insurance Group Inc. is the publicly-held insurance holding company of...
-
Oppenheimer Says ProAssurance While It's Cheap (PRA)
Tuesday, August 24, 2010 - 10:39am | 161Oppenheimer reiterated an Outperform rating for ProAssurance (NYSE: PRA) after the stock's recent tumble. ProAssurance is a provider of professional liability insurance. Oppenheimer analysts said, "We are reiterating our Outperform rating and $65 price target for ProAssurance today, following the...
-
Oppenheimer Reiterating Outperfrom On ProAssurance Corp. (PRA)
Tuesday, August 24, 2010 - 10:10am | 162Oppenheimer & Co. is reiterating its Outperform rating and $65 price target on shares of ProAssurance Corp. (NYSE: PRA) following a decline in shares. In the note to clients, Oppenheimer writes, "We are reiterating our Outperform rating and $65 price target for ProAssurance, following the...
-
Deutsche Bank Opens AXS With Buy
Tuesday, August 24, 2010 - 6:52am | 52Analysts at Deutsche Bank initiate coverage of Axis Capital Holdings Limited (NYSE: AXS) with a "buy" rating. The target price for AXS is set to $35. AXS’ shares gained 0.58% to close at $30.99 yesterday. More Analyst Ratings here
-
Monday Market Movement - All in on Bonds!
Monday, August 23, 2010 - 4:49pm | 1368By Phil of Phil's Stock World Bond funds are attracting cash like stocks during the dot-com boom. That’s the headline this morning on Bloomberg, who says: "The amount of money flowing into bond funds is poised to exceed the cash that went into stock funds during the Internet bubble, stoking concern...
-
RLI Declares Dividend of $0.29
Thursday, August 19, 2010 - 4:45pm | 64The RLI Corp. (NYSE: RLI) board of directors has declared a third quarter cash dividend of $0.29 per share, the same amount as the prior quarter. The dividend is payable on October 15, 2010 to shareholders of record as of September 30, 2010. The company's dividend yield would be 2.19%, based on...
-
Zacks #5 Rank Additions for Thursday - Tale of the Tape
Thursday, August 19, 2010 - 2:13pm | 349Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Abraxas Petroleum Corp (AXAS) Dollar Financial Corp (DLLR) ICx Technologies, Inc (ICXT) Lincoln Educational Services Corp (LINC) Markel Corp (MKL) View the entire Zacks #5 Rank List. ABRAXAS PETE/NV (AXAS): Free...
-
Progressive's July Results in line - Analyst Blog
Thursday, August 19, 2010 - 1:34pm | 539Progressive Corp.’s (PGR) earnings per share for July 2010 of 17 cents were in line with July 2009 results. The results of the reported month also compare favorably with earnings of 7 cents per share in June 2010. Net income for the month declined 1% to $113.2 million from $114.9 million in the...
-
Cincinnati Financial Hikes Dividend - Analyst Blog
Wednesday, August 18, 2010 - 2:34pm | 466Property and casualty insurer Cincinnati Financial Corp. (CINF) on Monday announced a 0.5 cent increase in quarterly dividend to 40 cents per share. The increased dividend will be paid on October 15, 2010 to shareholders of record as of September 22, 2010. On the basis of the increase, the stock...
-
Upgrading Tower to Neutral - Analyst Blog
Tuesday, August 17, 2010 - 3:56pm | 628We are upgrading our recommendation on Tower Group Inc. (TWGP) to Neutral as we believe the company’s earnings will improve during the second half of 2010, following the completion of the acquisition of OneBeacon Insurance Group’s Personal Lines division. Though the current economic climate offers...
-
Bond Prices Have Stalled 08-17-2010
Tuesday, August 17, 2010 - 3:20pm | 1038Cusick’s Corner The market made a nice move into the Midday and over the last few hours trading has turned into a complete grind. Yesterday’s late day pullback seems to have washed out the weak longs, but there has been equal pressure on the shorts today. These kinds of moves are expected when...