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Insurance Industry Stock Update - Aug. 2010 - Zacks Analyst Interviews
Wednesday, August 4, 2010 - 10:30am | 1804After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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Zacks Industry Outlook Highlights: American International Group, Universal American, Unitrin, AFLAC, Employers Holdings - Press Releases
Wednesday, August 4, 2010 - 10:25am | 1112For Immediate Release Chicago, IL – August 04, 2010 – Today, Zacks Equity Research discusses the Insurance industry, including American International Group (AIG), Universal American Corp. (UAM), Unitrin Inc. (UTR), AFLAC Inc. (AFL) and Employers Holdings Inc. (EIG ). A synopsis of today’s Industry...
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CinFin Upgraded to Neutral - Analyst Blog
Wednesday, August 4, 2010 - 10:02am | 525We are upgrading our recommendation on Cincinnati Financial Corp. (CINF) to Neutral on the back of potential top-line growth from new business and strong retention in its Personal Lines segment which has been underperforming for the past three years. However, with an improvement in new business...
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XL Capital Tops Estimates (XL)
Tuesday, August 3, 2010 - 4:20pm | 32XL Group plc (NYSE: XL) reports Q2 earnings of $0.71 versus estimates of $0.64. XL Group plc reports Q2 revenues of $1.55 billion versus estimates of $1.22 billion.
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Stocks Hitting 52-Week Highs (IDSA, HTHT, SCOR, FPIC)
Tuesday, August 3, 2010 - 2:05pm | 170Industrial Services of America Inc (NASDAQ: IDSA) shares reached $20.65 to create a new 52-week high, before falling to $20.64, reflecting a 7.05% gain. IDSA has secured a $48.8 million line of credit from Fifth Third Bank (NASDAQ: FITB). China Lodging Group Limited (NASDAQ: HTHT) shares moved up $...
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Insurance Industry Stock Update - Aug. 2010 - Industry Outlook
Tuesday, August 3, 2010 - 1:49pm | 1895After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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W.R. Berkely Declares Dividend, Increases Buyback (WRB)
Tuesday, August 3, 2010 - 1:12pm | 112W. R. Berkley Corporation (NYSE: WRB) announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of 7 cents per share to be paid on October 1, 2010 to stockholders of record at the close of business on September 10, 2010. In addition, the Board of...
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Argo Group Announces Second Quarter Results
Monday, August 2, 2010 - 4:46pm | 119Argo Group International Holdings, Ltd. (Nasdaq: AGII) today announced financial results for the three and six months ended June 30, 2010. Highlights for the three months ended June 30, 2010: -- Total revenue was $362.4 million versus $403.8 million in the second quarter of 2009; -- Net income was...
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Argo Group Beats Earnings Estimates (AGII)
Monday, August 2, 2010 - 4:44pm | 157Argo Group International Holdings, Ltd. (NASDAQ: AGII) reports Q2 earnings of $0.49 versus estimates of $0.48. Argo Group International Holdings, Ltd. reports Q2 revenues of $362.4 million versus estimates of $350.50 million. Revenues decreased 10.3% year over year The company said that book value...
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Meadowbrook Insurance Group, Inc. Reports Second Quarter Results
Monday, August 2, 2010 - 4:26pm | 149Meadowbrook Insurance Group, Inc. (NYSE: MIG) reported that second quarter 2010 net operating income, a non-GAAP measure, grew by $0.7 million to $12.6 million, or $0.23 per diluted share, up from $11.9 million, or $0.21 per diluted share, in the second quarter of 2009. Net income increased by $1.3...
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First Mercury Financial Corporation Announces Second Quarter Results
Monday, August 2, 2010 - 4:19pm | 94First Mercury Financial Corporation (NYSE: FMR) today announced results for the second quarter ended June 30, 2010. Highlights for the second quarter 2010 include: Book value per share of $16.75 Net income of $4.1 million, or $0.23 per diluted share Operating net income of $6.2 million, or $0.35...
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Loews Beats on Bottom Line - Analyst Blog
Monday, August 2, 2010 - 4:13pm | 737Loews Corporation (L) reported its second-quarter 2010 net income of 87 cents per share, beating the Zacks Consensus Estimate of 82 cents. Results compare favorably with 78 cents per share in the prior-year quarter. Net income was $366 million compared with $340 million in second quarter 2009....
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AFSI EPS Growth In 2Q10 To Benefit From Acquisitions And New Product Introductions
Monday, August 2, 2010 - 2:19pm | 180Analyst Elizabeth C Malone of Wunderlich Securities Inc reiterates her “buy” rating on AmTrust Financial Services Inc (NASDAQ: AFSI). The target price for AFSI is set to $18. According to Wunderlich Securities, “AFSI is expected to report 2Q10 operating results on Tuesday, August 3, 2010, before...
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HGIC Estimates Lowered Due To Weather-Related Losses in 2Q
Friday, July 30, 2010 - 11:17am | 89Harleysville Group Inc. (NASDAQ: HGIC) has had its "buy" rating and $37 price target reiterated by Wunderlich Securities. HGIC pre-announced an after-tax charge of $7.1M, or $0.19 per share due to weather related losses during 2Q, according to Wunderlich. Wunderlich has lowered its EPS estimate...
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Cincinnati Financial Reports Second-Quarter Results
Wednesday, July 28, 2010 - 4:55pm | 60Cincinnati Financial Corporation (Nasdaq: CINF) today reported: $27 million, or 17 cents per share, of net income for second-quarter 2010 compared with a net loss of $19 million, or 12 cents per share, in the second quarter of 2009. $42 million, or 26 cents per share, of operating income* compared...