Reinsurance

UBS is making the following ratings changes: Arch Capital Group (NASDAQ: ACGL) Downgrading to Neutral 12-month rating: Prior: Buy XL Group plc (NYSE: XL) Downgrading to Neutral 12-month rating: Prior: Buy

According to a report by Sterne Agee, PartnerRe Ltd. (NYSE: PRE) reported operating EPS of $3.69 ($4.03 ex FX). “This compares to our estimate of $3.40 (did not include FX impact) and consensus at $3.14,” Sterne Agee writes. “The beat versus our estimate was driven largely by higher P&C reserve...

Maiden Holdings Ltd. (NASDAQ: MHLD) is expected to release results on Thursday, November 4, 2010, before the market open, Wunderlich Securities reports. “We estimate operating EPS for 3Q10 increased 13% to $0.26 compared to $0.23 a year ago,” Wunderlich Securities writes. “The consensus estimate is...

Montpelier Re Holdings Ltd. (NYSE: MRH), a leading provider of short-tail reinsurance and other specialty lines, today reported financial results for the third quarter ended September 30, 2010. Fully converted book value per share was $23.76, an increase of 6.9% for the quarter and 13.7% for the...

RenaissanceRe Holdings Ltd. (RNR) is a “global provider of reinsurance and insurance to cover the risk of natural and man-made catastrophes.”  This $3.8b market cap company is trading at 1.05x tangible book value and 7.6x the consensus calendar-year 2011 EPS … Continue reading →

Bermuda based property and casualty insurance company Everest Re Group, Ltd. (NYSE: RE) released financial results on Monday morning that just missed Wall Street earnings estimates, while beating revenue expectations. Everest Re Group, Ltd announced that its 3rd quarter after-tax operating income...

RenaissanceRe Holdings Ltd. (RNR) reported its third-quarter income from continuing operations of $90.9 million or $1.59 per share, way behind the Zacks Consensus Estimate of $2.20. This also compares unfavorably with an income of $242.2 million or earnings of $3.85 per share in the year-ago...

Transatlantic Holdings, Inc. (NYSE: TRH) beat Deutsche Bank's estimate of $1.45 and consensus of $1.63, despite incurring $22 million in catastrophe losses – predominantly related to the New Zealand earthquake. “Net investment income was flat, as growth in invested assets was offset by a 40 bps...

Transatlantic Holdings, Inc. (NYSE: TRH) today reported net income of $134 million, or $2.08 per common share (diluted), for the third quarter of 2010 compared to $153 million, or $2.28 per common share (diluted), for the third quarter of 2009. Net operating income for the third quarter of 2010 was...

Yesterday, property-casualty (P&C) and life reinsurer PartnerRe Ltd. (PRE), announced that it has increased its quarterly dividend by a modest magnitude of 10% to 55 cents from the prior 50 cents. The newly raised dividend will be paid on December 1, 2010, to the company's common shareholders...

RBC Capital is changing the following price targets and reiterating coverages: W.R. Berkley (NYSE: WRB); Outperform, from $30 to $31 Rogers Comms (NYSE: RCI); Sector Perform, from $46 to $44 National Oilwell Varco (NYSE: NOV); Outperform, from $55 to $70 Motricity (NASDAQ: MOTR); Outperform, from $...

Arch Capital (NASDAQ: ACGL) reported Q3 operating EPS of $2.55, above consensus of $2.32 and our estimate of $2.35. Our operating EPS estimate does not include foreign exchange losses, which totaled $65.3 million after-tax or $1.27 per share and is included in net income. Wells Fargo is raising...

Deutsche Bank is out with a research report this morning, where it reiterates its Buy rating on Arch Capital (NASDAQ: ACGL); it has an $86.00 price target on the stock. The Deutsche Bank analysts cited the company's recently announced quarterly earnings report, which exceeded their estimates due...

Arch Capital Group Ltd. (NASDAQ: ACGL) reported 3Q EPS of $1.47, “versus our $2.76 estimate and consensus EPS of $2.38, although EPS was $2.74 adjusting for a negative FX variance,” J.P. Morgan reports. Underlying trends were mixed with core underwriting lower than anticipated—a lower underlying...

PartnerRe Ltd. (NYSE: PRE) today announced that its Board of Directors has increased the annual dividend to $2.20 per common share, from $2.00 per common share. This marks the second increase in the common share dividend this year. Today, the Board declared a regular quarterly dividend of $0.55...