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MBI’s Losses Decline On Increased Recoveries; R&W Settlement Reached
Tuesday, August 17, 2010 - 11:08am | 252Analysts at Deutsche Bank maintain their "hold" rating on MBIA Inc (NYSE: MBI), while reducing their estimates for the company. The target price for MBI is set to $8. According to Deutsche Bank, “Losses from MBIA insurance Corp in 2Q’10 are still large at $274 million (based on losses incurred and...
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Keefe Bruyette & Woods Has $11 Target On Hallmark Financial Services (HALL)
Tuesday, August 17, 2010 - 10:14am | 144Keefe Bruyette & Woods has an $11 target and Market Perform on shares of Hallmark Financial Services, Inc. (NASDAQ: HALL) after the company reported quarterly results. In the research note Keefe Bruyette & Woods writes, "Hallmark reported an operating loss on weaker underwriting results...
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Stock Market News for August 17, 2010 - Market News
Tuesday, August 17, 2010 - 9:43am | 1071With the U.S. economic outlook pretty much uncertain investors wondered if it is the right time to buy stocks. However, they found little reason to pick up shares and chose to remain on the sidelines, sending trading volume to its lowest of the year. The Dow industrials failed to snap their four-...
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Calls Purchased on Fidelity National Financial (FNF)
Monday, August 16, 2010 - 11:09am | 110Shares of Fidelity National Financial, Inc. (NYSE: FNF) are higher on the session by 1.60%, currently trading at $14.30. The stock has been moving largely higher over the past four weeks, though is now testing the 50-day moving average. Options traders are buying calls on the name today, betting...
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Calls Purchased on Fidelity National Financial (FNF)
Friday, August 13, 2010 - 11:26am | 107Shares of Fidelity National Financial, Inc. (NYSE: FNF) are higher on the session by 0.64%, currently trading at $14.19. The stock has been moving largely higher over the past four weeks, but has encountered resistance near $15.00. Options traders are buying calls on the name today. The September...
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Tower Group Raises Dividend - Analyst Blog
Thursday, August 12, 2010 - 11:40am | 399Earlier during the week, property and casualty insurer Tower Group Inc. (TWGP) announced a 5.5 cent increase in quarterly dividend to 12.5 cents from 7 cents paid in the second quarter of 2010. This hike represents a 79% increase from the previous dividend. With the increased annual dividend of 50...
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ACE Limited Board Declares Quarterly Dividend of $0.33
Thursday, August 12, 2010 - 11:33am | 103The Board of Directors of ACE Limited (NYSE: ACE) today declared a quarterly dividend equal to $0.33 payable on October 22, 2010, to shareholders of record at the close of business on October 1, 2010, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in...
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Piper Jaffray Reiterates Overweight on Assured Guaranty (AGO)
Thursday, August 12, 2010 - 10:46am | 167Piper Jaffray is out with a research report this morning, where it reiterates its Overweight rating on Assured Guaranty (NYSE: AGO); it has a $37.00 price target on the stock. The PJ analysts cited a recent meeting with management, which lead them to believe that several catalysts exist for the...
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Dow Drowns in Sea of Double-Dip Fears
Thursday, August 12, 2010 - 7:37am | 389Fresh signs of trouble for the global recovery and the Fed’s gloomier economic forecast rocked Wall Street on Wednesday, breathing new life into fears of a double-dip recession and sparking a 265-point plunge on the Dow. Wednesday’s Markets The Dow Jones Industrial Average fell 265.42 points, or 2....
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Navigators Appoints Mendelsohn to Board of Directors
Wednesday, August 11, 2010 - 4:06pm | 93The Navigators Group, Inc. (NASDAQ: NAVG) today announced the appointment of Robert V. Mendelsohn to its Board of Directors. Mr. Mendelsohn began his career as an attorney at Willkie, Farr & Gallagher, LLP before joining W.R. Berkley Corporation for the next 20 years, ultimately serving as...
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CryoLife CryoPatch Gets Extension - Analyst Blog
Wednesday, August 11, 2010 - 4:06pm | 392Medical devices and tissue processing company CryoLife Inc (CRY) has reportedly secured 510 (k) approval from the U.S. Food and Drug Administration (FDA) for a five-year shelf-life extension on its CryoPatch SG pulmonary human cardiac patch. The patch is indicated for the repair or reconstruction...
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RLI Corp. Upgraded to Outperform - Analyst Blog
Wednesday, August 11, 2010 - 3:10pm | 583We have recently upgraded RLI Corp. (RLI) to Outperform from Neutral as we believe the company will benefit from its diversification into crop and other assumed property reinsurance. Extensive product offerings, strong local branch network and focus on specialty insurance lines are expected to aid...
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Oppenheimer Raising Target On Chubb (CB)
Wednesday, August 11, 2010 - 10:18am | 162Oppenheimer & Co. is raising its price target and earnings on Chubb Insurance (NYSE: CB) after the insurance provider reported better than expected earnings. It has an Outperform rating on shares. In the research note Oppenheimer & Co. writes, "We are revising our estimates based on our...
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Zacks Bull and Bear of the Day Highlights: RLI, Novatel, Fannie Mae, Bank of America and J.P. Morgan - Press Releases
Wednesday, August 11, 2010 - 8:22am | 1670For Immediate Release Chicago, IL –August 11, 2010 – Zacks Equity Research highlights: RLI Corp. (RLI) as the Bull of the Day and Novatel (NVTL) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Fannie Mae (FNMA), Bank of America (BAC) and J.P. Morgan (JPM). Here is a...
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Oppenheimer Raising Estimates On Allstate After Earnings Report (ALL)
Wednesday, August 11, 2010 - 7:49am | 165Oppenheimer & Co. is raising its earnings estimates on shares of insurance company Allstate (NYSE: ALL). It rates Allstate at Perform, but does not have a price target on shares. In the research report Oppenheimer notes, "We are raising our estimates slightly following the company's Q2 results...