Inergy (NASDAQ: NRGY), Progressive (NYSE: PGR), Thermon Group (NYSE: THR), Abercrombie & Fitch (NYSE: ANF), Ashland Inc. (NYSE: ASH) and Altisource Portfolio (NASDAQ: ASPS) had price targets on them adjusted by analysts.
Inergy (NRGY) had its price target lowered by Morgan Keegan to $29.00.
Progressive (PGR) had its price target raised by Piper Jaffray (NYSE:PJC) to $20.00.
Thermon Group (THR) had its price target raised by Jefferies (NYSE:JEF) from $17.00 to $18.00. They have a “Buy” rating on the company.
Abercrombie & Fitch (ANF) had its price target lowered by Jefferies to $80.00.
Ashland Inc. (ASH) had its price target raised by Deutsche Bank (NYSE:DB) to $65.00.
Altisource Portfolio (ASPS) had its price target raised by Piper Jaffray to $50.50.
Showing posts with label Progressive. Show all posts
Showing posts with label Progressive. Show all posts
Thursday, November 17, 2011
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.
Thursday, January 13, 2011
Progressive's (NYSE:PGR) PT Raised on Improving Insurance Sector
Progressive's (NYSE:PGR) price target was raised by FBR Capital on the overall improvement in the insurance industry.
FBR says, "We believe that the outlook for the auto insurance industry is improving, as many auto insurers are continuing to raise rates. Even the insurers that are cutting prices to gain market share are doing so responsibly, in our opinion. With gasoline prices up again, the frequency of auto accidents is likely to moderate."
FBR Capital maintains an "Outperform" rating on Progressive Corp., which closed Wednesday at $19.23, down $0.04, or 0.21 percent. FBR boosted their price target on them from $24 to $25.
FBR says, "We believe that the outlook for the auto insurance industry is improving, as many auto insurers are continuing to raise rates. Even the insurers that are cutting prices to gain market share are doing so responsibly, in our opinion. With gasoline prices up again, the frequency of auto accidents is likely to moderate."
FBR Capital maintains an "Outperform" rating on Progressive Corp., which closed Wednesday at $19.23, down $0.04, or 0.21 percent. FBR boosted their price target on them from $24 to $25.
Wednesday, December 29, 2010
Progressive (NYSE:PGR) Ratings Affirmed by A.M. Best
Saying Progressive Corporation (NYSE:PGR) has a sustainable competitive advantage, strong capitalization and a solid operating performance, A.M. Best Co. affirmed several ratings at the company.
A.M. Best Co. said they've affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group (collectively known as Progressive) and their respective members. A.M. Best also has affirmed the FSR of A (Excellent) and ICR of “a+” of subsidiary National Continental Insurance Company. Additionally, A.M. Best has affirmed the ICR of “a” and all debt ratings of the parent holding company, The Progressive Corporation. The outlook for all ratings is stable.
A.M. Best did note that Progressive was behind their peers in the area of underwriting leverage, which was higher than the average.
Progressive closed at $19.65, losing $0.12, or 0.61 percent.
A.M. Best Co. said they've affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of the Progressive Agency Pool, Progressive Direct Pool and Progressive Commercial Auto Group (collectively known as Progressive) and their respective members. A.M. Best also has affirmed the FSR of A (Excellent) and ICR of “a+” of subsidiary National Continental Insurance Company. Additionally, A.M. Best has affirmed the ICR of “a” and all debt ratings of the parent holding company, The Progressive Corporation. The outlook for all ratings is stable.
A.M. Best did note that Progressive was behind their peers in the area of underwriting leverage, which was higher than the average.
Progressive closed at $19.65, losing $0.12, or 0.61 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.
Wednesday, December 15, 2010
Top Ten Calls Recommended by Goldman Sachs (NYSE:GS)
Goldman Sachs (NYSE:GS) released a list of their top ten calls in the financial sector, targeting those lagging behind the market in the midst of what they perceive as improving fundamentals.
They see the overall sector rising.
The 10 companies the options strategists at Goldman recommend are these: IntercontinentalExchange, Inc. (NYSE:ICE), Allstate Corporation (NYSE:ALL), Travelers Companies, Inc. (NYSE:TRV), Franklin Resources (NYSE:BEN), The Chubb Corporation (NYSE:CB), Moody's Corp. (NYSE:MCO), Progressive Corp. (NYSE:PGR), State Street Corp. (NYSE:STT), NYSE Euronext, Inc. (NYSE:NYX) and T. Rowe Price (Nasdaq:TROW).
IntercontinentalExchange, Inc. was trading at $117.87, up $1.49, or 1.28 percent, as of 12:14 PM EST. Allstate was at $30.98, up $ 0.03, or 0.10 percent. Travelers was at $55.42, up $0.08, or 0.14 percent. Franklin Resources was trading at $117.37, up $0.93, or 0.80 percent. Chubb was at $59.53, up $0.04, or 0.07 percent. Moody's was at $27.40, up $0.07, or 0.26 percent. Progressive was up to $20.62, gaining $0.18, or 0.88 percent. State Street moved up to $45.60, rising by $0.40, or 0.88 percent. NYSE Euronext was up to $29.62, gaining $0.27, or 0.92 percent. T.Rowe Price was trading at $63.31, up $0.53, or 0.84 percent.
All 10 companies were positive as of this writing.
They see the overall sector rising.
The 10 companies the options strategists at Goldman recommend are these: IntercontinentalExchange, Inc. (NYSE:ICE), Allstate Corporation (NYSE:ALL), Travelers Companies, Inc. (NYSE:TRV), Franklin Resources (NYSE:BEN), The Chubb Corporation (NYSE:CB), Moody's Corp. (NYSE:MCO), Progressive Corp. (NYSE:PGR), State Street Corp. (NYSE:STT), NYSE Euronext, Inc. (NYSE:NYX) and T. Rowe Price (Nasdaq:TROW).
IntercontinentalExchange, Inc. was trading at $117.87, up $1.49, or 1.28 percent, as of 12:14 PM EST. Allstate was at $30.98, up $ 0.03, or 0.10 percent. Travelers was at $55.42, up $0.08, or 0.14 percent. Franklin Resources was trading at $117.37, up $0.93, or 0.80 percent. Chubb was at $59.53, up $0.04, or 0.07 percent. Moody's was at $27.40, up $0.07, or 0.26 percent. Progressive was up to $20.62, gaining $0.18, or 0.88 percent. State Street moved up to $45.60, rising by $0.40, or 0.88 percent. NYSE Euronext was up to $29.62, gaining $0.27, or 0.92 percent. T.Rowe Price was trading at $63.31, up $0.53, or 0.84 percent.
All 10 companies were positive as of this writing.
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