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PiperJaffray Reiterates ‘Overweight’ Rating for Ace Limited (ACE)
Thursday, June 3, 2010 - 3:07pm | 140Ace Limited (NYSE: ACE) maintains a substantial local presence in 53 countries. The company’s non-U.S. business generates approximately 40% of its gross premiums. Ace Limited (ACE) also has exciting growth opportunities ahead due to its product breadth. The company's management has provided an...
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ACE’s A&H and Specialty Lines To Drive Higher ROE
Thursday, June 3, 2010 - 1:51pm | 196Analysts at Citigroup reiterate their "buy" rating on ACE Ltd (NYSE: ACE). The target price for ACE is set to $64. ACE reiterated its guidance of 15% ROE and 12%-15% annual book value per share growth over the cycle. According to the analysts, “Mr. Greenberg maintained his stance on no share...
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Keefe, Bruyette & Woods Maintains Market Perform Rating On First American Corp. (FAF)
Wednesday, June 2, 2010 - 2:17pm | 148First American Corp. (NYSE: FAF) is a leading player in the title insurance industry with operations in specialty insurance as well. The insurance sector is likely to see mortgage volumes at the lower end of historical levels. However, title insurance companies are expected to benefit from...
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Assured Guaranty Retains ‘Overweight’ Rating (AGO)
Thursday, May 27, 2010 - 6:14pm | 129PiperJaffray has reiterated its ‘Overweight’ rating for Assured Guaranty (NYSE: AGO). The company provides credit enhancement products in the financial guaranty direct and reinsurance market. Assured Guaranty’s (AGO) operating objectives include expansion of direct and reinsurance FG businesses....
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Stocks Going Ex Dividend the First Week of June
Tuesday, May 25, 2010 - 2:15pm | 694Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Heavy Put Buying Detected In XL Capital
Tuesday, May 25, 2010 - 7:50am | 231According to an article on TheStreet.com by Pete Natarajan, the global insurance and reinsurance company XL Capital (NYSE: XL) is facing a downturn of late. The negative trend continued yesterday with bears accelerating the fall. Heavy put buying was detected in XL by OptionMonster's tracking...
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Top 4 Mid-Cap NASDAQ Stocks In The Financial Sector With The Highest Gross Margins (ARCC, ETFC, SEIC, ERIE)
Tuesday, May 25, 2010 - 6:30am | 143Below are the top 4 mid-cap financial stocks on the NASDAQ in terms of gross margins. The trailing-twelve-month gross margins of Ares Capital Corp (NASDAQ: ARCC) is 99.99%. ARCC’s quarterly earnings grew by 118.10% year-over-year. The trailing-twelve-month gross margins of E*TRADE Financial Corp (...
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Goldman Sachs Adds Ace (ACE) To Conviction Buy List
Monday, May 24, 2010 - 2:56pm | 161Goldman Sachs Group analysts Richard Ramsden, Brian Foran, Daniel Harris and Jessica Binder Graham added Ace Limited (NYSE: ACE) to its Conviction Buy List, with a price target of $61 per share. The analysts said that Ace Limited continues to trade at attractive levels, even though it is expected...
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Puts Purchased on XL Capital
Monday, May 24, 2010 - 2:14pm | 137Shares of XL Capital LTD (NYSE: XL) are lower on the session by 0.81%, currently off by $17.23. The stock has been gyrating wildly as of late with the stock struggling to find a trend above the 50-day moving average or below the 200-day moving average. Put activity is picking up in the name today...
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Merger Arbitrage Mondays – May 24, 2010
Monday, May 24, 2010 - 6:46am | 4755The slowdown in merger announcements two weeks ago appears to have only been a temporary breather. For the first time since we launched this service in mid-March, we have seen seven new mergers announced in a single week. Besides the seven new all cash deals announced last week, we had one deal...
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Heavy Call Activity in Allstate
Friday, May 21, 2010 - 2:22pm | 143Shares of Allstate Corp. (NYSE: ALL) are higher on the session by 0.60%, currently trading $30.25. The stock has fallen off from its recent high of $35.56, through the 50-day moving averages, and is now struggling to hold to 200-day moving average. I am seeing massive call buying in the name today...
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Protection Purchased on Travelers (TRV)
Friday, May 21, 2010 - 10:47am | 117Shares of Travelers Companies Inc. (NYSE: TRV) are lower on the session by 0.23%, currently trading $48.31. The stock has recently sold off through the 50-day moving average and is now blowing through the 200-day moving average as well. Options traders are hedging against further downside in the...
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Downside Purchased in Chubb Corp.
Friday, May 21, 2010 - 10:46am | 96Shares of Chubb Corp. (NYSE: CB) are trading lower on the session by 0.28%, currently trading $49.24. The stock has recently sold off, through the 50-day moving average and is now struggling to hold the 200-day. Options traders are buying protection in the name today. The October $45 put was...
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Top 4 Small-Cap NASDAQ Stocks In The Financial Sector With The Highest Gross Profits (BPOP, SIGI, ACAS, IBKR)
Friday, May 21, 2010 - 6:38am | 145Below are the top 4 small-cap financial stocks on the NASDAQ in terms of gross profits. The trailing-twelve-month gross profits of Popular Inc (NASDAQ: BPOP) stand at $3.10 billion. B Riley upgraded BPOP from “neutral” to “buy.” The trailing-twelve-month gross profits of Selective Insurance Group...
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MKL’s Investment Strategy Providing Better Returns
Thursday, May 20, 2010 - 10:12am | 218Analysts at Wunderlich Securities reiterate their "hold" rating on Markel Corporation (NYSE: MKL), while reducing their estimates for the company. The target price for MKL is set to $370. MKL has restructured its products and distribution to a regional format. According to Wunderlich Securities, “...