All Posts Tagged With: "HIG"
(HIG) Hartford Financial Services Group Vends Private Placement Unit
Yesterday, Hartford Financial Services Group Inc. (HIG) announced an agreement to sell its subsidiary Hartford Life Private Placement (HLPP) to Philadelphia Financial Group Inc. for $117.5 million. The transaction is subject to regulatory approval and closing conditions and is...
7Dec2011 | vitalstocks | 0 comments | Continued(WRB) W.R. Berkley Corporation Upgraded to Neutral
We are upgrading our recommendation on W.R. Berkley Corp. (WRB) to Neutral from Underperform on the back of third-quarter earnings beat. The company reported earnings of 44 cents per share, 6 cents ahead of the Zacks Consensus Estimate. The outperformance stemmed from higher...
1Dec2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group – Bear of the Day
We are downgrading our recommendation on Hartford Financial Services Group (HIG) to Underperform based on its weak third quarter results. The results surpassed the Zacks Consensus Estimate but declined from the year-ago quarter, primarily due to poor operating performance, with...
22Nov2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Analyst Maintains Neutral on Shares
The Travelers Companies Inc. (TRV) continues to benefit from its strong market position and economies of scale. The company spent a higher amount in buying back shares supported by its balance sheet strength. It also scores strongly with the credit rating agencies. However, these...
10Nov2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Records High Third Quarter CAT Loss
Yesterday, Hartford Financial Services Group Inc. (HIG) announced that the devastation caused by Hurricane Irene will lead to substantially high catastrophe (CAT) losses in the third quarter of 2011. The pre-tax catastrophe losses for July and August are expected to be within...
20Sep2011 | vitalstocks | 0 comments | Continued(TRV) Travelers Companies Downgraded
Given restricted premium growth and pressure on underwriting margins, we are downgrading our recommendation to Underperform on The Travelers Companies Inc. (TRV). Also, potential reserve additions for asbestos liabilities present another risk. Premium growth remains reduced as...
12Jul2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Closes Brazilian Buy
The Travelers Companies, Inc. (TRV) wrapped up the acquisition of J. Malucelli Participações em Seguros e Resseguros S.A., a market leader in the surety insurance business in Brazil. Initially in November 2010, Travelers inked the deal to acquire the 43% stake in the Brazilian...
21Jun2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies to Lower Share Buyback
The Travelers Companies Inc. (TRV) estimates the bad weather in the months of April and May might cost the company between $1 billion to $1.05 billion. Several catastrophes including tornadoes and hail storms in the Midwest and Southeast added to the costs. Travelers, as a result...
16Jun2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Sees Debt Rating Action
A.M. Best affirmed the issuer credit rating (ICR) and senior debt ratings of “a” of The Travelers Companies, Inc. (TRV). The credit rating agency also reiterated the financial strength ratings (FSR) of A+ (Superior) and ICR of “aa” of Travelers Group, its property/casualty...
29May2011 | vitalstocks | 0 comments | Continued(RNR) A.M. Best Affirms RenaissanceRe
The rating agency A.M. Best Co. has affirmed the issuer credit ratings (ICR) and debt ratings of RenaissanceRe Holdings Ltd. (RNR), while maintaining the financial strength rating (FSR) and ICR of Renaissance’s subsidiaries. The outlook for all the ratings remains stable. A.M....
29May2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Beats The Street
Hartford Financial Services Group Inc. (HIG) reported its first-quarter adjusted core earnings of $494.0 million or 97 cents per share, modestly beating the Zacks Consensus Estimate of 95 cents. Additionally, Hartford was way behind the adjusted core earnings of $408 million...
3May2011 | vitalstocks | 0 comments | Continued(TRV) The Travelers Companies Quarterly Report Ahead of Estimates
The Travelers Companies (TRV) reported operating earnings of $1.89 per share in the first quarter, surpassing the Zacks Consensus Estimate of $1.55 by 34 cents. Results were also ahead of $1.22 earned in the prior year quarter. Operating income was $826 million, up 31% from $631...
25Apr2011 | vitalstocks | 0 comments | Continued(IT) International Business Machines Inks Tech Deal with Hartford Financial Services Group
Information Technology (IT) giant International Business Machines Corp. (IBM) recently inked a new five-year technology services deal with insurance and wealth management company, Hartford Financial Services Group Inc. (HIG). Under the terms of the agreement, IBM will provide...
14Apr2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Upped by A.M. Best
On the back of lower investment losses and strong performance in the fourth quarter, the rating agency A.M. Best Co. has revised the ratings outlook of The Hartford Financial Services Group, Inc. (HIG) as the company diverts to safer risk profiles in its investment portfolio. A.M....
14Apr2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for March 15, 2011 – Market News
On Monday a host of worrying events in Japan took the markets lower. After dropping to their lowest intraday levels in six weeks, the major U.S. stock indexes rebounded late in the afternoon and markets trimmed their losses. The market strength was as usual on the declining side,...
16Mar2011 | vitalstocks | 0 comments | Continued(AMAT) Stock Market News for March 8, 2011 – Market News
Markets continued to stay in the red as concerns over oil supplies and mounting unrest in Libya further pushed up crude prices. To add to the woes of investors, the semiconductor index was downgraded which eventually led to technology stocks sliding lower. The fear gauge CBOE...
8Mar2011 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Earnings Miss – Company Doubles Dividend
Hartford Financial Services Group Inc. (HIG) reported its fourth-quarter adjusted core earnings of $451.0 million or 91 cents per share, lagging the Zacks Consensus Estimate of 96 cents. Additionally, Hartford was way behind the adjusted core earnings of $527 million or $1.12...
8Feb2011 | vitalstocks | 0 comments | Continued(AIG) Will American International Group Sell Its Blackstone Stake?
In an attempt to repay the government bailout, American International Group Inc. (AIG) is planning to dispose its $510 million stake in The Blackstone Group (BX). According to the SEC filing, AIG had acquired 7% stake in Blackstone by investing $150 million in July 1998. In addition,...
3Jan2011 | vitalstocks | 0 comments | Continued(FSR) The Travelers Companies Financial Strength Ratings Withdrawn
The financial strength ratings (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Travelers Auto Insurance Co. of New Jersey and Travelers of New Jersey Group, wholly owned subsidiaries of The Travelers Companies Inc. (TRV), have been withdrawn by A.M. Best...
27Dec2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Implements Recapitalization Plan
After much mulling over the past several weeks, yesterday American International Group Inc. (AIG) gave its thumbs up to execute the recapitalization plan for exiting the US taxpayers loan curriculum, as per the regulatory filing agreed and signed by the two parties. The US federal...
9Dec2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Postpones Equity Unit Offering
Briskly moving ahead with its recapitalization program, on Wednesday, American International Group Inc. (AIG) announced a further extension of 74.48 million of its equity units exchange offering to November 23. With the commencement of the exchange on October 8, AIG had scheduled...
25Nov2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Earnings Exceed – Guidance Increased
Hartford Financial Services Group Inc. (HIG) reported its third-quarter adjusted earnings of $485.0 million or 98 cents per share, surpassing the Zacks Consensus Estimate of 97 cents. The improved showing was attributable to solid execution Incorporatedluding disciplined underwriting...
7Nov2010 | vitalstocks | 0 comments | Continued(MET) MetLife Reports Lobbying Charges Decline
MetLife Inc. (MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during...
3Oct2010 | vitalstocks | 0 comments | Continued(AIG) American International Group on Path to Exit TARP
After numerous mind-wrecking sessions over a fortnight, on Thursday, American International Group Inc. (AIG) and the U.S. Federal Reserve have finally charted out a scheme to free the company from the exorbitant debt that AIG had take under the Troubled Asset Repurchase Program...
3Oct2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National and Hartford Financial Services Group Warrants on Sale
As part of the bailout funds repayment by the insurers through the Troubled Asset Relief Program (TARP), the US Treasury Department plans to conduct auctions to dispose of its remaining warrants held in Lincoln National Corporation (LNC) and Hartford Financial Services Group...
8Sep2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Earnings Exceed – Profits Soar
Hartford Financial Services Group Inc. (HIG) reported its second-quarter adjusted earnings of $460.0 million or 92 cents per share, surpassing the Zacks Consensus Estimate of 73 cents. The improved showing in Hartford was attributable to higher profits despite market volatility...
5Aug2010 | vitalstocks | 0 comments | Continued(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook
After 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...
3Aug2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Corporation Earns A.M. Best Ratings
On June 22, A.M. Best Co. allotted a debt rating of “a-” to the senior unsecured notes of Lincoln National Corporation (LNC), keeping the outlook stable. In conjunction with assigning ratings, A.M. Best changed Lincoln’s outlook to stable from negative, reiterating...
28Jun2010 | vitalstocks | 0 comments | Continued(JPM) Financial Giants Restructure Debt and Issue Notes
On Thursday, Reuters reported that financial behemoths JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) have issued fixed interest notes moving ahead with their debt restructuring strategies. Accordingly, JPMorgan reportedly vended off its five-year notes worth...
19Jun2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Raises Money Through Offering to Exit TARP
In an attempt to repay its $950 million government bailout fund, Lincoln National Corp. (LNC) announced its intention to raise money through equity and debt offering. As a result, on Monday, the company publicly offered its common stock of about 12.3 million at a purchase price...
15Jun2010 | vitalstocks | 0 comments | Continued