All Posts Tagged With: "ALL"
(AIZ) Assurant Boosts Share Buyback Program
Specialty insurance provider Assurant Inc. (AIZ) has declared an increase in its share buyback authorization program, which comes on the heels of an approval to increase dividend announced last week.
The...
(HUM) Attention Shifts to Jobs – Earnings Preview
Earnings Preview – Week of April 30th
The focus this week will be on the labor market, with the April non-farm payroll report coming out on Friday. Many will be hoping that this report will provide...
(MITI) Micromet Analyst Maintains Neutral on Shares
We have maintained a Neutral rating on Micromet, Inc. (MITI) with a target price of $7.00 per share following appraisal of third quarter 2011 results.
Micromet’s third quarter 2011 loss per share...
(MITI) Micromet Begins New Trial
Micromet Inc. (MITI) recently announced that it has begun a mid-stage registrational trial of its lead pipeline candidate, blinatumomab, in adult patients with B-precursor relapsed refractory acute lymphoblastic...
(PGR) Progressive Corporation Analyst Still Neutral on Shares
Progressive Corp. (PGR) holds a dominant position in product, service and distribution innovation, especially in Personal Auto. The company continues to focus on customer retention, actively...
(LNC) Lincoln National Corporation Increases Dividend by 60%
Despite basking in a modest third quarter, yesterday, the board of Lincoln National Corp. (LNC) has announced a significant 60% increase in its quarterly dividend to 8 cents per share from the previous pay...
(WRB) W. R. Berkley Enhances Shareholder Value
On November 3, 2011, property and casualty insurer W. R. Berkley Corp. (WRB) announced that its Board has increased its share repurchase authorization to 10 million shares, which translates into approximately...
(ALL) Allstate Aquires Esurance and Answer Financial from White Mountains Insurance Group
On Friday, Allstate Corp. (ALL) announced the completion of the acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. (
13Oct2011 | vitalstocks | 0 comments | Continued(C) Citigroup Pressed with Allegations
On Friday, Citigroup Inc. (C) was sued by the German lender IKB Deutsche Industriebank AG. The complaint lodged claims that Citi misrepresented documents as an underwriter in the sale of over $4.2 million in...
(GS) The Goldman Sachs Group Analyst Raises Shares to Neutral
We have upgraded our recommendation on The Goldman Sachs Group Inc. (GS) to Neutral from Underperform based on the company’s cost reduction initiatives and broader outlook for client activity.
In...
(ALL) Company News for August 30, 2011 – Corporate Summary
• Bank of America (NYSE:BAC) shares increased 8.12% to close at $8.39 after the bank disclosed it would be selling half of its holdings to China Construction Bank Corp in order to raise capital
• Share...
(GS) Goldman Sachs Group Again Entangled in Lawsuit
Yesterday, The Goldman Sachs Group Inc. (GS) was sued by The Allstate Corporation (ALL), the largest publicly traded U.S. home and auto insurer....
(MITI) Micromet Loss Less Than Analyst Estimates – Revenues Rise
Micromet Inc.’s (MITI) second quarter 2011 loss per share came in at 19 cents (after adjusting for the change in fair value of warrants), wider than the year-ago loss of 15 cents per share (also adjusting...
(ACOR) Company News for August 2, 2011 – Corporate Summary
• Allstate Corporation (NYSE:ALL) reported Q2 loss of $1.23, lower than the Zacks Consensus Estimate of $1.53 per share. Revenues for the quarter increased by 5% year-over-year to $8.08 billion,...
(ALL) Company News for July 19, 2011 – Corporate Summary
• Shares of biotech company Bacterin International Holdings Inc (AMEX:BONE) gained 10.34% after the company posted initial second quarter earnings figures that came in above expectations• U.S. listed shares...
(RE) Everest Re Group Limited Announces Catastrophe Loss Estimate
Bermuda-based reinsurer Everest Re Group Ltd. (RE) has announced its estimate of April-May catastrophe losses (cat losses) based on property damages resulting from cataclysmic weather conditions.
Everest...
(DFS) Discover Analyst Retains Outperform on Shares
Discover has grown to become one of the largest card issuers in the U.S. and a leading innovator and driver of change in the credit card industry. The company continues to explore healthy opportunities for inorganic growth and also implements several capital-bolstering initiatives....
(MITI) Micromet Analyst Maintains Neutral on Shares
We have maintained a Neutral rating on Micromet, Inc. (MITI) with a target price of $6.00 per share.
We believe Micromet’s lead pipeline candidate, blinatumomab, holds tremendous potential in the...
(TWGP) Tower Group Declares Second Quarter Catastrophe Loss Estimate
Yesterday, property and casualty insurer Tower Group, Inc. (TWGP) announced its catastrophe loss estimate for the second quarter of 2011. The company pegged the total pre-tax catastrophe loss (cat loss) estimate...
(ALL) Allstate Claims $1 Million for Fraud
In an effort to recoup over $1 million paid in personal injury protection benefits, Allstate Corp. (ALL) has filed a lawsuit against 10 New York area defendants.
According to the complaint filed by...
(WRB) W.R. Berkley Declares Catastrophe Loss Estimate
Property and casualty insurer W. R. Berkley Corporation (WRB) announced that it expects pre-tax catastrophe losses (cat losses) of $65 million for the months of April and May, based on property damages resulting...
(ALL) Allstate Announces Catastrophe Losses
Property and casualty insurer Allstate Corp. (ALL) has made an upward revision to its preliminary estimate of catastrophe losses (cat losses) from property damages owing to the adverse weather conditions that...
(PGR) Progressive Approves Share Buyback
To return value to its shareholders, the board of directors of The Progressive Corporation (PGR) has authorized the company to buy back upto 75 million shares. The company is still left with 12.5 million shares...
(PGR) Progressive Beats Expectations in May
Progressive Corp.’s (PGR) earnings per share for May 2011 were 11 cents, up from 7 cents earned in the year ago period. Net income increased 68% from the year-ago period to total $74.1 million.
The...
(ALL) Allstate Boosts Online Insurance
In an attempt to expand its online home-auto sales, on Wednesday, Allstate Corp. (ALL) announced the acquisition of Ensurance and Answer Financial from White Mountains Insurance Group Ltd....
(GDP) Stock Market News for April 29, 2011 – Market News
The nations’ economic growth rate slowed larger than estimated and claims for unemployment benefits soared to its highest level since January. Surprisingly, these disappointing reports failed to sting the markets which moved to post more multi-year highs. Markets continued...
(ALL) Allstate Quarterly Earnings Rock on Low Catastrophe Losses
Allstate Corporation’s (ALL) first quarter operating earnings of 93 cents per share came in substantially ahead of the Zacks Consensus Estimate of 68 cents and 69 cents per share recorded in the year-ago...
(AGN) Company News for April 04, 2011 – Corporate Summary
• The Nasdaq OMX Group (NASDAQ:NDAQ) and the IntercontinentalExchange (NYSE:ICE) announced a joint proposal to acquire NYSE Euronext (NYSE:
4Apr2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Sues Credit Suisse AG on Mortgage-Backed Securities
Bloomberg reported that Allstate Corp. (ALL) has filed a federal complaint against Credit Suisse AG...
(ALL) Allstate Announces 5% Dividend Hike
On Tuesday, home and auto insurer, The Allstate Corp. (ALL) announced a dividend increment of 5% from the prior 20 cents, marking the first hike since 2008. The quarterly cash dividend of 21 cents will be...