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RLI Corp. (RLI) - Bull of the Day
Wednesday, August 11, 2010 - 4:06am | 190We are upgrading RLI Corp. (RLI) to Outperform as we believe the company will benefit from business expansion drive diversification into crop and other assumed property reinsurance. Also its extensive product offerings, strong local branch network and focus on specialty insurance lines is expected...
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Market Pulls Back on China News 08-10-2010
Tuesday, August 10, 2010 - 2:40pm | 901Cusick’s Corner The market pulled back on the China news, but since that opening pullback the market has been in a holding pattern, waiting for this afternoon’s Fed announcement. Equities are still showing upside potential, but Bond yields are crashing and their prices soaring, creating a double...
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Ambac Narrows Loss, Lowers Debt - Analyst Blog
Tuesday, August 10, 2010 - 2:04pm | 569Ambac Financial Group Inc. (ABK) reported its second-quarter 2010 loss per share of 20 cents, a vast improvement from a loss of $8.24 per share reported in the prior-year period. Net loss in the quarter was $57.6 million compared with a net loss of $2.4 billion in second-quarter 2009. Results in...
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Tower Gains on Higher Revenues - Analyst Blog
Tuesday, August 10, 2010 - 2:04pm | 620Tower Group’s (TWGP) second quarter operating income of 57 cents per share was a penny ahead of the Zacks Consensus Estimate of 56 cents. Earnings dipped to almost the mid-guidance range of 55 cents to 60 cents. Results were aided by higher premiums earned. Tower earned 73 cents per share during...
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Profit Drops at Allianz Group - Analyst Blog
Monday, August 9, 2010 - 5:52pm | 815The leading German property-casualty and life insurer, Allianz Group reported its second quarter 2010 earnings of $2.91 (€2.21) per share, a substantial decrease of 47% from $5.44 (€4.13) reported in second quarter 2009. Net income to shareholders totaled $1.33 (€1.01) billion, down 45.6% from $2....
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MBIA Inc. Pops on Huge EPS Beat (MBI)
Monday, August 9, 2010 - 4:32pm | 226MBIA Inc. (NYSE: MBI) reports Q2 EPS of $6.32 versus estimates of $0.62 loss. MBIA Inc.'s Adjusted Book Value, a non-GAAP measure, was $35.76 per share at June 30, 2010 compared with $36.01 per share at March 31, 2010. During the second quarter of 2010, MBI repurchased $2 million par amount of the...
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ProAssurance on Par with Zacks Est - Analyst Blog
Monday, August 9, 2010 - 12:52pm | 470ProAssurance Corporation’s (PRA) second quarter operating earnings of $1.29 per share came in line with the Zacks Consensus Estimate. However, this compared unfavorably with the earnings of $1.52 per share in the prior-year quarter. On a year over year basis, earnings for the quarter were...
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Buy Chevron, Chubb and Cut Choppiness
Monday, August 9, 2010 - 7:53am | 169SAN DIEGO (TheStreet) -- A seesawing stock market favors companies such as insurer Chubb (NYSE: CB), oil firm Chevron (NYSE: CVX) and Canadian National Railway (NYSE: CNI), says Dan Neiman, who helps manage the Neiman Large Cap Value Fund (NEIMX). The mutual fund, which garners a full five stars...
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Markel Reports Second Quarter Results
Friday, August 6, 2010 - 4:31pm | 130Markel Corporation (NYSE: MKL) reported diluted net income per share of $2.12 for the quarter ended June 30, 2010 compared to $3.34 for the second quarter of 2009. Diluted net income per share was $6.46 for the six months ended June 30, 2010 compared to $5.00 for the same period of 2009. The...
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Harleysville Group Inc. Reports Second Quarter 2010 Results
Friday, August 6, 2010 - 4:06pm | 142Harleysville Group Inc. (NASDAQ: HGIC) today reported diluted operating income of $0.61 per share for the second quarter of 2010, compared to $0.72 per share in the second quarter of 2009. Catastrophe losses incurred during the second quarter of 2010 reduced operating income by $0.19 per share...
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Jobs Report Disappoints 08-06-2010
Friday, August 6, 2010 - 3:12pm | 864Cusick’s Corner Market participants continue to worry – the latest jobs data was disappointing, the private sector added fewer jobs than expected. The Labor Department’s unemployment number actually came in at 9.5% which is the same as last month’s, but that’s because some discouraged job seekers...
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Wunderlich Securities Reiterates Buy Rating On Tower Group (TWGP)
Friday, August 6, 2010 - 11:19am | 106In a research report released this morning, analysts at Wunderlich Securities reiterated their Buy rating on Tower Group (NASDAQ: TWGP) prior the the company's earnings report on Monday. They anticipate TWGP will report 2Q10 EPS of $0.55 compared to $0.73 in the year ago period. The analysts wrote...
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Zacks Bull and Bear of the Day Highlights: Biogen Idec, Eastman Kodak, Morgan Stanley, Goldman Sachs and Allstate Corporation - Press Releases
Friday, August 6, 2010 - 9:48am | 1803For Immediate Release Chicago, IL –August 06, 2010 – Zacks Equity Research highlights: Biogen Idec (BIIB) as the Bull of the Day and Eastman Kodak Company (EK) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Morgan Stanley (MS), Goldman Sachs (GS) and Allstate...
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Zacks #5 Rank Additions for Friday - Tale of the Tape
Friday, August 6, 2010 - 9:47am | 343Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Agilysys Inc (AGYS) ArvinMeritor Inc (ARM) CPI Corp (CPY) Donegal Group Inc (DGICA) drugstore.com inc (DSCM) View the entire Zacks #5 Rank List. AGILYSYS INC (AGYS): Free Stock Analysis Report ARVINMERITOR (ARM):...
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Wunderlich Securities Rates Markel Corporation At Hold (MKL)
Friday, August 6, 2010 - 9:15am | 167Wunderlich Securities is out with a research report this morning on Markel Corp. (NYSE: MKL) before the insurance company reports earnings on Monday, August 9th. It rates shares at a Hold and has a $370 price target. In the report Wunderlich Securities notes, "Markel Corp. (MKL) is expected to...