All Posts Tagged With: "ProAssurance Corporation"

(RNR) RenaissanceRe Holdings to Issue Preferred Shares

Recently, RenaissanceRe Holdings Ltd. (RNR) announced a public offer to sell 11 million 5.375% Series E preference shares of $275 million or $25 per share, having liquidity preference. The offer is underwritten and is expected to be...

23Jul2013 | | Comments Off | Continued

(PL) Insurance Industry Stock Outlook – May 2013 – Zacks Analyst Interviews

The year 2013 started off much better than expected for the U.S. insurance industry, with most of the primary insurers beating first quarter earnings estimates and reporting relatively low combined ratios. Moreover, the sector continued to witness rising premium rates which started a year back after...

22May2013 | | Comments Off | Continued

(TRV) The Travelers Companies Upgraded to Outperform

We are upgrading The Travelers Companies Inc. (TRV) to Outperform from Neutral based on its prudent underwriting practices and favorable prior-year reserve development that managed to arrest the higher catastrophe losses arising due...

26Feb2013 | | Comments Off | Continued

(RNR) RenaissanceRe Holdings Returns More Profits

Continuing its long-standing trend of increasing dividend annually, RenaissanceRe Holdings Ltd. (RNR) announced a 3.7% hike in its quarterly dividend to 28 cents per share from 27 cents paid earlier. The hike was approved by the company’s...

22Feb2013 | | Comments Off | Continued

(RE) Insurance Industry Stock Update – June 2012 – Industry Outlook

The U.S. insurance industry will probably breathe a sigh of relief as the 2012 Atlantic hurricane season is expected to be much calmer compared to 2011. This year’s hurricane season, which officially started on June 1 and will run through November 30, is expected to be less conducive for tropical...

5Jun2012 | | Comments Off | Continued

(PRA) ProAssurance Corporation – Bull of the Day

We are upgrading our recommendation on ProAssurance Corp. (PRA) to Outperform, based on the company’s premium growth, stable ratings and improved ROE. The company’s third-quarter earnings surpassed the Zacks Consensus Estimate...

14Feb2012 | | 0 comments | Continued

(PNX) Insurance Industry Stock Update – February 2012 – Industry Outlook

The impact of a series of natural disasters in 2011 and the ongoing economic uncertainty is still quite palpable in the performance of U.S. insurers. These impediments aside, there are fundamental challenges that are expected to come in the way insurers’ efforts to meet growing investor expectations...

13Feb2012 | | 0 comments | Continued

(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. (WTM) for $1.0...

13Oct2011 | | 0 comments | Continued

(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook

Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of U.S. insurance companies are still not strong enough to soak up losses from catastrophic events such...

5Oct2011 | | 0 comments | Continued

(PRA) ProAssurance Gets Rating Endorsement

Yesterday, ProAssurance Corp. (PRA) stated that the financial strength ratings (FSR) of the company and its subsidiaries have been asserted by rating agency A.M. Best. Accordingly, the rating agency has affirmed the “A”...

16Jun2011 | | 0 comments | Continued

(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. (WTM)...

24May2011 | | 0 comments | Continued

(PRA) ProAssurance Corporation – Bear of the Day

We are downgrading our recommendation on ProAssurance Corp. (PRA) from Neutral to Underperform, owing to the decline in net premiums and increased total expenses, which also resulted in the deterioration of the top line and the combined...

3Mar2011 | | 0 comments | Continued

(PRA) ProAssurance Announces Repurchase of Shares

In order to return value to its shareholders, the board of directors of ProAssurance Corporation (PRA) authorized a new program of $200 million to repurchase ProAssurance’s shares or retire outstanding debt, effective immediately. However,...

17Nov2010 | | 0 comments | Continued

(AMPH) American Physicians Service Group Earnings Beat Estimates

American Physicians Service Group Inc.’s (AMPH) second-quarter operating earnings of 88 cents per share comfortably surpassed the Zacks Consensus Estimate of 68 cents per share. The company had earned 82 cents...

3Aug2010 | | 0 comments | Continued

(PRE) PartnerRe Ltd. Earns Debt Rating From A.M. Best

On Thursday, PartnerRe Ltd. (PRE) got its issuer credit rating (ICR) of “a-” and debt ratings affirmed by rating agency, A.M. Best, reflecting a stable outlook for all. Alongside A.M. Best has also affirmed...

18Jun2010 | | 0 comments | Continued

(PRA) ProAssurance Corporation’s Quarterly Earnings Beat on Revenues

ProAssurance Corporation’s (PRA) first-quarter operating earnings of $1.21 per share were 10 cents ahead of the Zacks Consensus Estimate of $1.11. This also compares favorably with the earnings of 99 cents in the prior-year quarter. Earnings...

6May2010 | | 0 comments | Continued

(PRA) ProAssurance Tops Consensus Views

ProAssurance Corporation’s (PRA) fourth quarter operating earnings of $2.42 per share were substantially ahead of the Zacks Consensus Estimate of $1.29. This also compares favorably with the earnings of $2.36 in the prior-year quarter. Earnings...

28Feb2010 | | 0 comments | Continued

(PRA) ProAssurance Outperforms Consensus Estimates

ProAssurance Corp.’s (PRA) third-quarter operating earnings of $1.58 per share was substantially ahead of the Zacks Consensus Estimate of $1.23. This also compares favorably with the earnings of $1.31...

4Nov2009 | | 0 comments | Continued

(PRA) ProAssurance Corporation – Surprised by 43.40% in the Second Quarter

ProAssurance Corporation (PRA) saw revenues rise 14.4% in the second quarter as premiums increased. The company has surprised on estimates 3 out of 4 quarters by an average of 34.28%. PRA is trading with a forward P/E of 13.96. Company Description ProAssurance...

3Oct2009 | | 0 comments | Continued