All Posts Tagged With: "TRV"

(IBM) Into the Heart of First Quarter Earnings Season – Earnings Preview

There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...

22Apr2013 | | Comments Off | Continued

(TRV) The Travelers Companies Likely to Beat Earnings Estimates

We expect The Travelers Companies, Inc. (TRV) to beat expectations when it reports first-quarter 2013 results on Apr 23. Why a Likely Positive Surprise? Our proven model shows that the property &...

19Apr2013 | | Comments Off | Continued

(IBM) The Market Now Moves Into the Heart of the First Quarter Earnings Season – Earnings Preview

There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...

19Apr2013 | | 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

(UNM) A.M. Best Reiterates Unum Ratings

A.M. Best Co. reiterated the issuer credit rating (ICR) of “bbb” of Unum Group (UNM) and its present debt securities. Alongside the rating agency reiterated the financial strength rating (FSR) of “A” (Excellent) and ICR of...

17Feb2013 | | Comments Off | Continued

(GNW) Insurance Stock Outlook – January 2013 – Zacks Analyst Interviews

The U.S. insurance industry entered 2013 facing the ravages of Hurricane Sandy, which resulted in billions of insured losses. Though insurers were better prepared to withstand significant losses this time, the after-effect of the 2012 hurricane season was much more than expected. The impediments...

23Jan2013 | | Comments Off | Continued

(AAPL) Fourth Quarter 2012 Earnings Season Gets Into High Gear – Earnings Preview

The fourth quarter reporting season gets into high gear this week, with 253 companies coming out with quarterly results, including 83 S&P 500 companies. The earnings season thus far has been relatively uneventful, but we will have a better idea by the end of this week; by then we will have seen...

20Jan2013 | | Comments Off | Continued

(AFG) American Financial Group – Value

American Financial Group Inc. (AFG) has put together an impressive 17 straight quarters of positive earnings surprises, averaging a beat of 12.5%. Most recently, this property and casualty insurer surprised by 39% in its third quarter. The quarterly...

16Jan2013 | | Comments Off | Continued

(CINF) A.M. Best Rates Cincinnati Financial Corporation

As a part of its annual rating review process, rating agency A.M. Best Co. took rating action on Cincinnati Financial Corp. (CINF) and its operating subsidiaries. The rating agency has reiterated the issuer credit rating (ICR) of...

21Dec2012 | | Comments Off | Continued

(AIZ) Assurant’s Fourth Quarter Report to be Impacted by Hurriacane Sandy

After witnessing benign catastrophe loss during the first nine months of 2012, property and casualty insurer Assurant Inc. (AIZ) is set to incur pre-tax cat losses in the range of $200–$220 million in the fourth quarter of 2012....

21Dec2012 | | Comments Off | Continued

(WRB) W.R. Berkley Corporation Gets Rated – Reveals Cat Loss

Late last week, rating agency A.M. Best affirmed the issuer credit ratings (“ICR”) and debt ratings of W.R. Berkley Corp. (WRB). The company’s senior unsecured notes were affirmed at ‘a’ while the trust preferred securities...

19Dec2012 | | Comments Off | Continued

(ALL) Sandy Won’t Help Insurance Pricing

Since most of the property and casualty insurers, adversely affected by the Hurricane Sandy, have provided their initial loss estimates for the fourth quarter of 2012, we can fairly classify the loss caused by the storm as an earnings event rather than a capital event. By earnings event we...

19Dec2012 | | Comments Off | Continued

(ALL) Sandy Insured Loss Hits $22 Billion

Disaster analysis companies have pegged insured loss from the recent Hurricane Sandy to reach over $20 billion. This indicates skewed results for the insurance companies in the fourth quarter of 2012. Accordingly, the risk modeling company AIR Worldwide has raised its insured loss estimate...

2Dec2012 | | Comments Off | Continued

(L) Loews Outshines in Third Quarter

Loews Corporation (L) reported third quarter 2012 adjusted net income of 86 cents per share, beating the Zacks Consensus Estimate of 72 cents by a significant margin. Earnings also soared 95% year over year from 44 cents per share. ...

28Nov2012 | | Comments Off | Continued

(CB) Hurricane Sandy to Hurt Insurers’ Fourth Quarter Margins

While the U.S. property and casualty insurers had reported favorable earnings in the first nine months of 2012, superstorm Sandy will alter the picture in the final quarter of the year. Although the ultimate estimates of the loss caused by Sandy are yet to come out, catastrophe loss modeling companies...

24Nov2012 | | Comments Off | Continued

(VZ) Taking the Pulse of Earnings Season

There is a lot going on this big day for data, ranging from a flood of third quarter earnings to a reassuring-enough Chinese GDP report and a U.S. Jobless Claims report that reverses all of the gains from the previous week. It gets hard at times to make sense of it all in real time, but the bottom-line...

31Oct2012 | | Comments Off | Continued

(MKL) Markel to Buy OneBeacon Insurance Group Subsidiary

Recently, Markel Corporation (MKL) announced a definitive agreement with OneBeacon Insurance Group, Ltd. (OB) to purchase the latter’s subsidiary, Essentia Insurance...

20Oct2012 | | Comments Off | Continued

(ALL) Allstate Analyst Increases Shares to Outperform

We have promoted Allstate Corp. (ALL) with an ‘Outperform’ recommendation from ‘Neutral’ based on the significant improvement in its operating leverage given the radical reduction in catastrophe losses, claims and operating...

18Oct2012 | | Comments Off | Continued

(HCC) Rating Action on HCC Insurance Holdings

A.M. Best Co. reiterated issuer credit ratings (“ICR”) of ‘a’ and debt rating of ‘a’ on $300 million 6.3% senior unsecured notes due 2019 of HCC Insurance Holdings, Inc. (HCC). Concurrently, the rating agency reiterated...

9Oct2012 | | Comments Off | Continued

(HCC) HCC Insurance Holdings Announces 16th Dividend Hike

Last week, HCC Insurance Holdings, Inc. (HCC) announced a hike in its quarterly cash dividend to 16.5 cents per share from 15.5 cents per share paid in July 2012. The increased dividend will be paid on October 15, 2012, to shareholders...

27Aug2012 | | Comments Off | Continued

(ALL) Allstate Shines on Low Expenses

Allstate Corporation’s (ALL) second-quarter 2012 operating earnings per share of 87 cents substantially exceeded the Zacks Consensus Estimate of 52 cents and the year-ago quarter’s loss of $1.24. Operating net income, which...

22Aug2012 | | Comments Off | Continued

(CINF) Cincinnati Financial Provides Second Quarter Earnings Glimpse

U.S. property and casualty insurer Cincinnati Financial Corp. (CINF) expects its bottom line result to suffer on account of cat losses incurred during the quarter, though the top line is expected to perform comparatively well. The...

21Aug2012 | | Comments Off | Continued

(CB) Chubb Corporation Beats Earnings Estimates

Property and casualty insurer Chubb Corp. (CB) reported second quarter operating earnings of $1.37 per share, significantly ahead of the Zacks Consensus Estimate of $1.15 per share. Better-than-expected earnings stemmed primarily...

20Aug2012 | | Comments Off | Continued

(WRB) W.R. Berkley Increases Share Buyback

W.R. Berkley Corp. (WRB) announced that its Board has increased its share repurchase authorization to 10 million shares. This translates into approximately 7% of the company’s outstanding shares as of June 30, 2011. Share...

10Aug2012 | | Comments Off | Continued

(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 board of directors of...

16May2012 | | Comments Off | Continued

(HALL) Hallmark Financial Services Sees Rating Action

A.M. Best reiterated the issuer credit rating (ICR) of “bbb-” on Hallmark Financial Services Inc. (HALL). Concurrently, the rating agency also reiterated financial strength rating (FSR) of A- (Excellent) and ICR...

16Apr2012 | | Comments Off | Continued

(AA) Stock Market News for January 26, 2012 – Market News

Markets recouped initial losses of and made a strong comeback after the Federal Reserve provided assurances that it would keep interest rates near zero until late 2014.The Dow hit its highest levels since May last year, while a robust earnings report from Apple propelled Nasdaq to a finish in the...

26Jan2012 | | 0 comments | Continued

(EU) Stock Market News for January 25, 2012 – Market News

In yet another calm trading session, markets were pulled slightly lower after Eurozone ministers rejected a bond swap offer from Greece’s private creditors. While the Dow dropped lower and the S&P 500 reversed its five-day winning streak, Nasdaq added meager points after earnings from certain...

25Jan2012 | | 0 comments | Continued

(JNJ) Mixed Earnings, Greece May Slip Markets

With nothing major on the domestic economic calendar, headlines about Greece’s as-yet unsuccessful negotiations with its bondholders to restructure its private debt may get some traction. But today’s market action will be mostly about the slew of mixed earnings reports from a “who’s who”...

24Jan2012 | | 0 comments | Continued

(JNJ) Jan 24: Day of Earnings! – Economic Highlights

With nothing major on the domestic economic calendar, headlines about Greece’s as-yet unsuccessful negotiations with its bondholders to restructure its private debt may get some traction. But today’s market action will be mostly about the slew of mixed earnings reports from a “who’s who”...

24Jan2012 | | 0 comments | Continued