ACE Ltd (NYSE: ACE), RenaissanceRe Holdings Ltd. (NYSE: RNR), The Hanover Insurance Group, Inc. (NYSE: THG), The Travelers Companies, Inc. (NYSE: TRV), Arch Capital (NASDAQ: ACGL) and Arthur J. Gallagher & Co. (NYSE: AJG had price targets on them adjusted by analysts.
RenaissanceRe Holdings Ltd. (RNR) had its price target raised by Barclays Capital (NYSE:BCS) from $66.00 to $75.00. They have an “Equal Weight” rating on the company.
The Hanover Insurance Group, Inc. (THG) had its price target lowered by Barclays Capital from $40.00 to $36.00. They have an “Equal Weight” rating on the company.
The Travelers Companies, Inc. (NYSE: TRV) had its price target raised by Barclays Capital from $60.00 to $74.00. They have an “Overweight” rating on the company.
ACE Ltd (ACE) had its price target raised by Barclays Capital from $73.00 to $90.00. They have an “Overweight” rating on the company.
Arch Capital (ACGL) had its price target raised by Barclays Capital from $38.00 to $46.00. They have an “Overweight” rating on the company.
Arthur J. Gallagher & Co. (AJG) had its price target raised by Barclays Capital from $35.00 to $38.00. They have an “Overweight” rating on the company.
Showing posts with label Ace LTD. Show all posts
Showing posts with label Ace LTD. Show all posts
Thursday, January 5, 2012
Thursday, May 19, 2011
Dividends on (ACE) (ANF) (APA) (ASH) (BDC) Declared
ACE Limited (NYSE:ACE), Abercrombie & Fitch Co. (NYSE:ANF), Apache Corp. (NYSE:APA), Ashland Inc. (NYSE:ASH) and Belden Inc. (NYSE:BDC) declare dividends.
The Board of Directors of ACE Limited (ACE) declared a quarterly common stock dividend of $0.35 per share payable 7/21/11 to shareholders of record at the close of business on 6/30/11.
The Board of Directors of Abercrombie & Fitch Co. (ANF) declared a quarterly common stock dividend of $0.175 per share payable 6/14/11 to shareholders of record at the close of business on 5/27/11.
The Board of Directors of Apache Corp. (APA) declared a quarterly common stock dividend of $0.15 per share payable 8/22/11 to shareholders of record at the close of business on 7/22/11.
The Board of Directors of Ashland Inc. (ASH) declared a quarterly common stock dividend of $0.175 per share payable 6/15/11 to shareholders of record at the close of business on 6/2/11.
The Board of Directors of Belden Inc. (BDC) declared a quarterly common stock dividend of $0.05 per share payable 7/6/11 to shareholders of record at the close of business on 6/2/11.
The Board of Directors of ACE Limited (ACE) declared a quarterly common stock dividend of $0.35 per share payable 7/21/11 to shareholders of record at the close of business on 6/30/11.
The Board of Directors of Abercrombie & Fitch Co. (ANF) declared a quarterly common stock dividend of $0.175 per share payable 6/14/11 to shareholders of record at the close of business on 5/27/11.
The Board of Directors of Apache Corp. (APA) declared a quarterly common stock dividend of $0.15 per share payable 8/22/11 to shareholders of record at the close of business on 7/22/11.
The Board of Directors of Ashland Inc. (ASH) declared a quarterly common stock dividend of $0.175 per share payable 6/15/11 to shareholders of record at the close of business on 6/2/11.
The Board of Directors of Belden Inc. (BDC) declared a quarterly common stock dividend of $0.05 per share payable 7/6/11 to shareholders of record at the close of business on 6/2/11.
Friday, May 6, 2011
Coverage on (ACAS) (ACE) (ATW) (CVD) (HOTT) Initiated by Analysts
American Capital Ltd. (NASDAQ:ACAS), ACE Limited (NYSE:ACE), Atwood Oceanics Inc. (NYSE:ATW), Covance Inc. (NYSE:CVD) and American Capital Ltd. (NASDAQ:HOTT) had coverage initiated on them by analysts.
FBR Capital Markets initiated coverage on American Capital Ltd. (NASDAQ:ACAS), starting them off with a "Market Perform" rating. They raised their price target from $10 to $12 on them.
FBR Capital Markets initiated coverage on ACE Limited (NYSE:ACE), starting them off with an "Outperform" rating. They have a price target from $83 on them.
Credit Suisse (NYSE:CS) initiated coverage on Atwood Oceanics Inc. (NYSE:ATW), starting them off with a "Neutral" rating. They raised their price target from $39 to $41 on them.
Deutsche Bank (NYSE:DB) initiated coverage on Covance Inc. (NYSE:CVD), starting them off with a "Buy" rating. They have a price target of from $71 on them.
Janney Montgomery Scott initiated coverage on Hot Topic Inc. (NASDAQ:HOTT), starting them off with a "Buy" rating. They have a price target of from $8 on them.
FBR Capital Markets initiated coverage on American Capital Ltd. (NASDAQ:ACAS), starting them off with a "Market Perform" rating. They raised their price target from $10 to $12 on them.
FBR Capital Markets initiated coverage on ACE Limited (NYSE:ACE), starting them off with an "Outperform" rating. They have a price target from $83 on them.
Credit Suisse (NYSE:CS) initiated coverage on Atwood Oceanics Inc. (NYSE:ATW), starting them off with a "Neutral" rating. They raised their price target from $39 to $41 on them.
Deutsche Bank (NYSE:DB) initiated coverage on Covance Inc. (NYSE:CVD), starting them off with a "Buy" rating. They have a price target of from $71 on them.
Janney Montgomery Scott initiated coverage on Hot Topic Inc. (NASDAQ:HOTT), starting them off with a "Buy" rating. They have a price target of from $8 on them.
Price Targets on (ACE) (BMC) (DPZ) (FARO) (FSYS) Updated
ACE Ltd (NYSE: ACE), BMC Software, Inc. (NYSE: BMC), Domino’s Pizza, Inc. (NYSE: DPZ), FARO Technologies Inc (NASDAQ: FARO) and Fuel Systems Solutions (NASDAQ: FSYS) had price targets updated.
Barclays Capital raised their price target on ACE Ltd (ACE) from $68.00 to $73.00. They have an “overweight” rating on the company.
Barclays Capital raised their price target on BMC Software, Inc. (BMC) from $54.00 to $58.00. They have an “overweight” rating on the company.
Feltl & Co. raised their price target on Domino’s Pizza, Inc. (DPZ) from $20.00 to $24.00. They have a “buy” rating on the company.
Needham & Company raised their price target on FARO Technologies Inc (FARO) from $42.00 to $47.00. They have a “buy” rating on the company.
Northland Securities raised their price target on Fuel Systems Solutions (FSYS) from $25.00 to $30.00. They have a “market perform” rating on the company.
Barclays Capital raised their price target on ACE Ltd (ACE) from $68.00 to $73.00. They have an “overweight” rating on the company.
Barclays Capital raised their price target on BMC Software, Inc. (BMC) from $54.00 to $58.00. They have an “overweight” rating on the company.
Feltl & Co. raised their price target on Domino’s Pizza, Inc. (DPZ) from $20.00 to $24.00. They have a “buy” rating on the company.
Needham & Company raised their price target on FARO Technologies Inc (FARO) from $42.00 to $47.00. They have a “buy” rating on the company.
Northland Securities raised their price target on Fuel Systems Solutions (FSYS) from $25.00 to $30.00. They have a “market perform” rating on the company.
Thursday, May 5, 2011
Price Targets on (ACE) (AGN) (ASCA) (USA) (AGU) (ATML) Updated by Analysts
Price targets on ACE Ltd (NYSE: ACE), Allergan, Inc. (NYSE: AGN), Ameristar Casinos (NASDAQ: ASCA), Agrium Inc. (NYSE: AGU) and Atmel (NASDAQ: ATML) were updated by analysts.
UBS AG (NYSE:UBS) raised their price target on ACE Ltd (ACE) from $69.00 to $73.00. They have a “buy” rating on the company.
Citigroup (NYSE:C) raised their price target on shares of Allergan, Inc. (AGN) from $82.00 to $94.00. They have a “buy” rating on the company.
FBR Capital raised their price target on Ameristar Casinos (ASCA) from $22.00 to $24.00. They now have an “outperform” rating on the company.
Citigroup cut their price target on Agrium Inc. (AGU) from $98.00 to $94.00. They have a “hold” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Atmel (ATML) to $14.00. They have a “neutral” rating on the company.
UBS AG (NYSE:UBS) raised their price target on ACE Ltd (ACE) from $69.00 to $73.00. They have a “buy” rating on the company.
Citigroup (NYSE:C) raised their price target on shares of Allergan, Inc. (AGN) from $82.00 to $94.00. They have a “buy” rating on the company.
FBR Capital raised their price target on Ameristar Casinos (ASCA) from $22.00 to $24.00. They now have an “outperform” rating on the company.
Citigroup cut their price target on Agrium Inc. (AGU) from $98.00 to $94.00. They have a “hold” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Atmel (ATML) to $14.00. They have a “neutral” rating on the company.
Monday, May 2, 2011
Dividend Yields for (ACE) (PGR) (PRU) (XL) (PFG)
Indicated dividend yields for Standard & Poor's 500 Index companies ACE Ltd (ACE), Progressive Corp (PGR), Prudential Financial Inc (PRU), XL Group Plc (XL)) and Principal Financial Group Inc (PFG).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
ACE Ltd (ACE) has a dividend yield of 1.97 percent on a declared dividend of $0.33. The payout ratio is 11.2 percent.
Progressive Corp (PGR) has a dividend yield of 1.82 percent on a declared dividend of $0.40. The payout ratio is 307.6 percent.
Prudential Financial Inc (PRU) has a dividend yield of 1.81 percent on a declared dividend of $0.11. The payout ratio is 326.0 percent.
XL Group Plc (XL) has a dividend yield of 1.80 percent on a declared dividend of $0.55. The payout ratio is 17.1 percent.
Principal Financial Group Inc (PFG) has a dividend yield of 1.63 percent on a declared dividend of $0.55. The payout ratio is 88.4 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
ACE Ltd (ACE) has a dividend yield of 1.97 percent on a declared dividend of $0.33. The payout ratio is 11.2 percent.
Progressive Corp (PGR) has a dividend yield of 1.82 percent on a declared dividend of $0.40. The payout ratio is 307.6 percent.
Prudential Financial Inc (PRU) has a dividend yield of 1.81 percent on a declared dividend of $0.11. The payout ratio is 326.0 percent.
XL Group Plc (XL) has a dividend yield of 1.80 percent on a declared dividend of $0.55. The payout ratio is 17.1 percent.
Principal Financial Group Inc (PFG) has a dividend yield of 1.63 percent on a declared dividend of $0.55. The payout ratio is 88.4 percent.
Monday, January 31, 2011
Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL) Better Bets Than Chubb (NYSE:CB) on Valuation
Chubb (NYSE:CB) has a lot going for it, unfortunately for them at this time, peers like Travelers (NYSE:TRV), ACE (NYSE:ACE) and Arch Capital (Nasdaq:ACGL) are trading at or below 1X book value, making them a preferable investment at this time.
Barclays says, "CB has a solid franchise in our view as evidenced by strong 4Q10 underwriting results and aggressive share repurchase activity. However, CB's valuation is above peers, and we prefer other high-quality P&C insurers that trade at or below 1x book value such as Travelers (NYSE:TRV), ACE Ltd (NYSE:ACE) and Arch Capital (Nasdaq:ACGL).
"We are reducing our 2011 EPS estimate for CB to $5.65 from $5.75 (consensus=$5.80) to reflect higher than anticipated catastrophe losses. No change to our 2012 EPS estimate of $5.60 (consensus=$5.73)."
Barclays maintains an 'Equalweight' rating on Chubb Corporation (CB), which closed Friday at $57.97, down $1.36, or 2.29 percent. Barclays has a price target of $59 on Chubb.
Barclays says, "CB has a solid franchise in our view as evidenced by strong 4Q10 underwriting results and aggressive share repurchase activity. However, CB's valuation is above peers, and we prefer other high-quality P&C insurers that trade at or below 1x book value such as Travelers (NYSE:TRV), ACE Ltd (NYSE:ACE) and Arch Capital (Nasdaq:ACGL).
"We are reducing our 2011 EPS estimate for CB to $5.65 from $5.75 (consensus=$5.80) to reflect higher than anticipated catastrophe losses. No change to our 2012 EPS estimate of $5.60 (consensus=$5.73)."
Barclays maintains an 'Equalweight' rating on Chubb Corporation (CB), which closed Friday at $57.97, down $1.36, or 2.29 percent. Barclays has a price target of $59 on Chubb.
Thursday, January 13, 2011
Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL), PartnerRe (NYSE:PRE) Top P&C Insurance Picks of Barclays
Saying they prefer the high-quality names in the P&C insurance sector, Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL) and PartnerRe (NYSE:PRE) were the leading companies chosen by Barclays.
Barclays says, "U.S. tort costs (a proxy for P&C insurers' claims costs) decreased by 2.7% to $248 billion in 2009 (latest data available), compared to a 1% increase 2008. In 2009, the decline was driven by reduced economic activity which results in fewer opportunities for tort actions. An increase in personal tort costs was more than offset by a decrease in commercial tort costs. Tort costs as a percent of GDP fell to 1.74% in 2009 from 1.76% in 2008 and 1.79% in 2007, and represents the sixth consecutive year of a decline in this ratio, according to a study by Towers Watson.
"Within the P&C insurance sector, we prefer the shares of primary commercial P&C insurers and select diversified reinsurers over the personal lines P&C insurers and insurance brokers. Broadly, we favor the high-quality names with strong balance sheets, excess capital, and attractive valuations: Travelers (TRV), ACE Ltd (ACE), Arch Capital (ACGL), and PartnerRe (PRE). (all rated Overweight)."
Travelers (NYSE:TRV) was trading at $54.48, down $0.11, or 0.20, as of 2:31 PM EST. ACE was at $60.71, down $0.14, or 0.23 percent. Arch Capital was at $87.53, down $0.44, or 0.50 percent. PartnerRE was at $80.84, down $0.68, or 0.83 percent.
Barclays says, "U.S. tort costs (a proxy for P&C insurers' claims costs) decreased by 2.7% to $248 billion in 2009 (latest data available), compared to a 1% increase 2008. In 2009, the decline was driven by reduced economic activity which results in fewer opportunities for tort actions. An increase in personal tort costs was more than offset by a decrease in commercial tort costs. Tort costs as a percent of GDP fell to 1.74% in 2009 from 1.76% in 2008 and 1.79% in 2007, and represents the sixth consecutive year of a decline in this ratio, according to a study by Towers Watson.
"Within the P&C insurance sector, we prefer the shares of primary commercial P&C insurers and select diversified reinsurers over the personal lines P&C insurers and insurance brokers. Broadly, we favor the high-quality names with strong balance sheets, excess capital, and attractive valuations: Travelers (TRV), ACE Ltd (ACE), Arch Capital (ACGL), and PartnerRe (PRE). (all rated Overweight)."
Travelers (NYSE:TRV) was trading at $54.48, down $0.11, or 0.20, as of 2:31 PM EST. ACE was at $60.71, down $0.14, or 0.23 percent. Arch Capital was at $87.53, down $0.44, or 0.50 percent. PartnerRE was at $80.84, down $0.68, or 0.83 percent.
Tuesday, December 21, 2010
Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL) , PartnerRe (NYSE:PRE) Have Best P&C Outlook for 2011
Heading into 2011, Barclays (NYSE:BCS) says they see the outlook for the P&C insurance sector as "lackluster." Based on the management team differentiator, their favorite picks going forward are Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL) and PartnerRe (NYSE:PRE).
Barclays said, "Entering 2011, our outlook is lackluster for the P&C insurance sector. Positive factors include low valuations and strong capital positions. Challenges for the sector include declining pricing due to excess capital and slack demand, anticipated declines in EPS and ROEs, slowing book value growth, and potential increases in interest rates and inflation. Barring a major catastrophe loss, broad tightening in P&C commercial insurance and reinsurance pricing appears unlikely before 2013.
"Our highest conviction long ideas are Travelers, ACE Ltd, Arch Capital Group and PartnerRe Ltd because we believe these companies have superior management teams, can generate top-tier performance, and trade at attractive valuations. On the other hand, we recommend investors use the insurance brokers including MMC, AJG, and BRO as a source of funds because of expensive valuations and headwinds from soft P&C market conditions as well as a slow economic recovery. Separately, our outlook could become more favorable on shares of Bershire H (NYSE:BRK.B), Progressive (NYSE:PGR), and Chubb (NYSE:CB) if their valuations became more attractive.
"P&C insurers' book values could experience negative mark to market losses in 4Q10 (the first time in roughly one year) due to rising interest rates, which we estimate could be 5% of book value on average. P&C insurers with the highest impact to book value could be XL Capital (NYSE:XL) (-9% of BV), TRV (-8%) and Everest Re Group (NYSE:RE) (-7%). Berkshire Hathaway's book value, on the other hand, could benefit by about a 2% mark-to-market investment gain due to its higher exposure to equities.
"In addition, we are lowering our 2011 EPS outlook for Aon Corporation (NYSE:AON) and Arthur J Gallagher (NYSE:AJG) to reflect less margin expansion than previously anticipated. We are also raising our 2011 EPS estimate for PRE and FSR to reflect higher than projected share repurchase activity."
Travelers closed Monday at $55.45, up $0.27, or 0.49 percent. Ace closed at $60.96, down $0.09, or 0.15 percent. Arch Capital was down to $88.26, losing $0.40, or 0.45 percent. PartnerRe closed at $77.78, up $0.05, or 0.06 percent.
Barclays said, "Entering 2011, our outlook is lackluster for the P&C insurance sector. Positive factors include low valuations and strong capital positions. Challenges for the sector include declining pricing due to excess capital and slack demand, anticipated declines in EPS and ROEs, slowing book value growth, and potential increases in interest rates and inflation. Barring a major catastrophe loss, broad tightening in P&C commercial insurance and reinsurance pricing appears unlikely before 2013.
"Our highest conviction long ideas are Travelers, ACE Ltd, Arch Capital Group and PartnerRe Ltd because we believe these companies have superior management teams, can generate top-tier performance, and trade at attractive valuations. On the other hand, we recommend investors use the insurance brokers including MMC, AJG, and BRO as a source of funds because of expensive valuations and headwinds from soft P&C market conditions as well as a slow economic recovery. Separately, our outlook could become more favorable on shares of Bershire H (NYSE:BRK.B), Progressive (NYSE:PGR), and Chubb (NYSE:CB) if their valuations became more attractive.
"P&C insurers' book values could experience negative mark to market losses in 4Q10 (the first time in roughly one year) due to rising interest rates, which we estimate could be 5% of book value on average. P&C insurers with the highest impact to book value could be XL Capital (NYSE:XL) (-9% of BV), TRV (-8%) and Everest Re Group (NYSE:RE) (-7%). Berkshire Hathaway's book value, on the other hand, could benefit by about a 2% mark-to-market investment gain due to its higher exposure to equities.
"In addition, we are lowering our 2011 EPS outlook for Aon Corporation (NYSE:AON) and Arthur J Gallagher (NYSE:AJG) to reflect less margin expansion than previously anticipated. We are also raising our 2011 EPS estimate for PRE and FSR to reflect higher than projected share repurchase activity."
Travelers closed Monday at $55.45, up $0.27, or 0.49 percent. Ace closed at $60.96, down $0.09, or 0.15 percent. Arch Capital was down to $88.26, losing $0.40, or 0.45 percent. PartnerRe closed at $77.78, up $0.05, or 0.06 percent.
Friday, December 10, 2010
Travelers (NYSE:TRV), ACE (NYSE:ACE), Arch Capital (Nasdaq:ACGL) Top P&C Insurance Picks of Barclays (NYSE:BCS)
Among the US P&C insurance universe covered by Barclays (NYSE:BCS), their top picks are Travelers (NYSE:TRV), ACE (NYSE:ACE) and Arch Capital (Nasdaq:ACGL).
Barclays said, "preliminary look at our proprietary Commercial P&C Insurance Buyers' Survey shows expectations for pricing to decline modestly in early 2011. The most recent update to our bi-annual Buyers' Survey, which we have been conducting since 2000, so far consists of interviews with 40 risk managers with a 40% response rate. Our survey primarily consists of large national accounts. Almost half of the respondents renewed (or will renew) their insurance programs in 4Q10 with the rest preparing to renew in 1H11.
"Commercial P&C insurance prices are expected to fall 4% year-over-year at the January 2011 renewals, in line with the result six months ago based on our initial responses....
"The vast majority (77%) of respondents we surveyed said the P&C market is now soft vs. 56% six months ago..."
"Policy terms and conditions were mostly stable, with three-quarters of respondents expecting no change vs. a year ago....
Travelers closed Thursday at $54.63, down $0.43, or 0.78 percent. Ace ended the session at $59.50, up $0.10, or 0.17 percent. Arch Capital closed at $89.50, down $0.07, or 0.08 percent.
Barclays said, "preliminary look at our proprietary Commercial P&C Insurance Buyers' Survey shows expectations for pricing to decline modestly in early 2011. The most recent update to our bi-annual Buyers' Survey, which we have been conducting since 2000, so far consists of interviews with 40 risk managers with a 40% response rate. Our survey primarily consists of large national accounts. Almost half of the respondents renewed (or will renew) their insurance programs in 4Q10 with the rest preparing to renew in 1H11.
"Commercial P&C insurance prices are expected to fall 4% year-over-year at the January 2011 renewals, in line with the result six months ago based on our initial responses....
"The vast majority (77%) of respondents we surveyed said the P&C market is now soft vs. 56% six months ago..."
"Policy terms and conditions were mostly stable, with three-quarters of respondents expecting no change vs. a year ago....
Travelers closed Thursday at $54.63, down $0.43, or 0.78 percent. Ace ended the session at $59.50, up $0.10, or 0.17 percent. Arch Capital closed at $89.50, down $0.07, or 0.08 percent.
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