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Stock Market & Financial Investment News

News Breaks
December 9, 2011
07:39 EDTAFG, SIGI, SIGI, RNR, RNR, PTP, PTP, PGR, PGR, OB, OB, NATL, NATL, MMC, MMC, MCY, MCY, HIG, HIG, CNA, CNA, CB, CB, ALTE, ALTE, ALL, ALL, AIG, AIG, TRV, TRV
theflyonthewall.com: Bofa/Merrill's insurance analyst research team holds a conference call
Insurance Analyst Research Team discusses their recent Bermuda field trip, where several of the insurance industry's leading reinsurance companies are located, on an Analyst/Industry conference call. Covered companies AFG, AIG, ALL, ALTE, CB, CNA, HIG, MCY, MMC, NATL, OB, PGR, PTP, RNR, SIGI and TRV may be discussed on the Analyst/Industry conference call being held on December 9 at 9 am. :theflyonthewall.com



News For AFG;AIG;ALL;ALTE;CB;CNA;HIG;MCY;MMC;NATL;OB;PGR;PTP;RNR;SIGI;TRV From The Last 14 Days
Check below for free stories on AFG;AIG;ALL;ALTE;CB;CNA;HIG;MCY;MMC;NATL;OB;PGR;PTP;RNR;SIGI;TRV the last two weeks.
There are 41 items on the Fly with pertinent information.
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May 23, 2012
06:25 EDTTRV
theflyonthewall.com: Travelers initiated with a Market Perform at JMP Securities
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May 21, 2012
10:35 EDTAIG
theflyonthewall.com: AIG says government exit in sight
Comment from Deutsche Bank Investor Conference presentation. :theflyonthewall.com
07:18 EDTAIG
theflyonthewall.com: Deutsche Bank to host a conference

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May 18, 2012
11:05 EDTMMC
theflyonthewall.com: Marsh & McLennan management to meet with FBN Securities

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08:57 EDTAIG
theflyonthewall.com: AIG sell-off an attractive entry price, says Bernstein

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06:51 EDTAIG
theflyonthewall.com: Stocks with implied volatility movement; SIRI AIG
Stocks with implied volatility movement: Sirius XM (SIRI), AIG(AIG) according to iVolatility. :theflyonthewall.com
06:46 EDTAIG
theflyonthewall.com: Maiden Lane III auction delay seems misunderstood, says Deutsche Bank
Deutsche Bank says the Federal Reserve did not curtail plans to sell Maiden Lane III assets; rather it delayed the bidding process because bidders may have needed additional information. The firm believes this could have been misunderstood yesterday, and says its Buy rating on AIG shares is not deterred. :theflyonthewall.com

May 17, 2012
16:32 EDTHIG
theflyonthewall.com: Hartford Financial promotes Brion Johnson to Chief Investment Officer

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11:43 EDTALL, AIG
theflyonthewall.com: Allstate, AIG, Deutsche Bank named to ResCap creditors committee, WSJ says
Allstate (ALL), AIG (AIG), and Deutsche Bank (DB) are among firms that will represent creditors in the bankruptcy of Residential Capital, reports the Wall Street Journal. According to a court filing, U.S. trustee Tracy Hope Davis named the companies to the creditors committee to ensure the interests of creditors and other stakeholders. Reference Link :theflyonthewall.com
11:16 EDTMMC
theflyonthewall.com: Marsh & McLennan raises quarterly dividend 5% to 23c
Marsh & McLennan announced that its board voted to increase the company’s quarterly cash dividend by 5% to 23c per share on outstanding common stock. The dividend is payable on August 15 to shareholders of record on July 11. :theflyonthewall.com
09:52 EDTAIG
theflyonthewall.com: Fed delays selling Maiden Lane III debt, Bloomberg says

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09:48 EDTAIG
theflyonthewall.com: AIG breaks range lows, rounding top pattern, support is at $29.16, $28.65

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09:43 EDTAIG
theflyonthewall.com: Delay of Maiden Lane sale reflects new information, CNBC reports, citing sources
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09:42 EDTAIG
theflyonthewall.com: NY Fed delays sale of $1.7B in Maiden Lane III assets, CNBC reports

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09:21 EDTAIG
theflyonthewall.com: NY Fed said to delay sale of Maiden Lane III debt, Bloomberg reports
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09:02 EDTALL
theflyonthewall.com: Allstate announces April catastrophe loss estimate

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00:23 EDTTRV
theflyonthewall.com: Jim Cramer's "Mad Money"

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May 16, 2012
14:40 EDTALL
theflyonthewall.com: Allstate target raised to $39 from $34 at Argus

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12:25 EDTAIG
theflyonthewall.com: AIG to sell AIA shares in September, Reuters says

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08:25 EDTPGR
theflyonthewall.com: Progressive reports April EPS 10c

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07:17 EDTAIG
theflyonthewall.com: AIG increases mortgage holdings, Bloomberg reports
AIG (AIG) CEO Robert Benmosche increased non-government-guaranteed residential and commercial-mortgage backed securities holdings by $11.1B since 2010 to $28.4B at the end of March, reports Bloomberg. Reference Link :theflyonthewall.com
06:15 EDTAIG
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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May 15, 2012
13:02 EDTHIG
theflyonthewall.com: Hartford pleased that Paulson no longer seeking activist role, WSJ says

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07:31 EDTHIG, ALTE, AIG
theflyonthewall.com: Goldman to host a symposium

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07:19 EDTTRV
theflyonthewall.com: Peter G. Peterson Foundation to host a summit
3rd Annual 2012 Fiscal Summit: America's Case for Action is being held in Washington, D.C. on May 15 with George Stephanopoulos moderating a variety of interviews with leading policymakers, elected leaders and businessmen regarding the nation's fiscal challenge. Speakers include President Bill Clinton with presentations beginning at 8:45 am. Webcast Link :theflyonthewall.com
07:09 EDTHIG
theflyonthewall.com: Hartford Financial upgraded to Buy from Hold at Stifel Nicolaus

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05:53 EDTALL
theflyonthewall.com: Allstate Ramps Up Agent Recruiting in Northeastern U.S.

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May 14, 2012
16:50 EDTHIG
theflyonthewall.com: Paulson & Co. reports 8.5% passive stake in Hartford Financial

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06:59 EDTMMC
theflyonthewall.com: Marsh & McLennan management to meet with Deutsche Bank

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May 11, 2012
09:37 EDTALL
theflyonthewall.com: Allstate Insurance Company files $29.9M insurance fraud lawsuit

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04:59 EDTTRV
theflyonthewall.com: Jim Cramer's "Mad Money"
Jim Cramer noted that housing is coming back "and it's going to take a lot of sectors with it." Cramer said the housing market may have bottomed out in 2007, but things are finally beginning to change as homebuilders like Toll Brothers (TOL) and Lennar (LEN) are up 31% and 40% for the year, respectively. Home builders need materials, said Cramer, so why not look into a Masco (MAS) or Sherwin-Williams (SHW) or Owens Corning (OC)? All of these stocks are cheap, Cramer says. Home buyers will need loans, so that's good news for Wells Fargo (WFC) and US Bancorp (USB), said Cramer. They will also need insurance, think Travelers (TRV). While those may be the obvious plays, Cramer said there are plenty of other companies that benefit as well. Time Warner (TWX) will provide cable service to many new homes while Verizon (VZ) and AT&T (T) will provide phone service. Cramer also touted retail, which does well when homes are increasing in value. He likes Bed Bath & Beyond (BBBY), along with Home Depot (HD) and Costco (COST). EXECUTIVE DECISION: Cramer once again sat down with Richard Pops, chairman and CEO of drug maker Alkermes (ALKS), a company that expects to see double-digit revenue growth next year. Pops said that Alkermes is now in the sweet spot; it's large enough that it has all of the resources it needs to make medicines, get them approved and manufacture them, but it's also not too big that bureaucracy slows its pace of innovation. One of Alkermes' most promising treatments is for alcoholism. And, it also has a promising drug in phase III testing for schizophrenia. Cramer said he continues to like the innovation and growth at Alkermes, even if the company remains a speculative play, as it still has no earnings. OFF THE CHARTS:The technicals are warning investors to be more cautious going forward, as another 5% drop to the downside could be looming. "Keep your eye on the CBOE Volatility Index (VIX)", Cramer concluded. NO HUDDLE OFFENSE: While everything is going right inside Cisco (CSCO), outside factors, including decreasing government spending, are an issue that every technology company will need to address in the near future, Cramer says. Next, Cramer revisited the Hospitality Index, a group of stocks created by restauranteur Danny Meyer in 2009. The Hospitality Index consisted of 17 stocks including Whole Foods (WFM), Chipotle Mexican Grill (CMG), Apple (AAPL), Costco (COST) and Amazon.com (AMZN). Since its introduction in 2009, the S&P 500 has delivered a 65% return while the Hospitality Index returned a stellar 257% return with only one stock, DreamWorks Animation (DWA), posting a loss. Cramer said the same things that have made these companies a success over the past three years still hold true today. LIGHTNING ROUND: Hewlett-Packard (HPQ): Cramer doesn't like the stock at all and says "it can go lower, much lower." Pan American Silver (PAAS) is the best house in a shaky neighborhood. Cramer doesn't want to own any miners, they're too dangerous. Hercules Offshore (HERO) If you consider it a speculative stock, Cramer blesses it as a long-term bet on oil. Prudential (PRU) Cramer likes it, but is cautious as the stock doesn't have yield protection. Zipcar (ZIP) Cramer said he would look again when the stock is between $6 and $9 a share. Chesapeake Granite Wash Trust (CHKR) Cramer thinks you can buy it lower. Deere & Co.(DE): "It's a good company but the commodities are weak". Cramer wants to be 'careful'. Reference Link :theflyonthewall.com

May 10, 2012
16:35 EDTAIG
theflyonthewall.com: AIG announces resignation of Board Member Donald Layton

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16:34 EDTAFG
theflyonthewall.com: American Financial Group to sell business to Cigna for $295M
American Financial Group (AFG) announced that it reached a definitive agreement to sell its Medicare Supplement and Critical Illness businesses to Cigna Corporation (CI) for approximately $295M in cash, subject to post-closing adjustments based upon statutory capital and surplus of transferred businesses as of the closing date. AFG expects to realize an after tax gain of approximately $95M-$105M on the sale, which is expected to close late in the Q3 or early in the Q4. :theflyonthewall.com
14:36 EDTAIG
theflyonthewall.com: AIG says did not receive any proceeds from Treasury's sale of shares
American International Group announced the completion of a registered public offering of 188,524,589 shares, including 24,590,163 shares sold pursuant to the exercise in full of the underwriters’ over-allotment option, of AIG common stock, par value $2.50 per share, by the U.S. Department of the Treasury as the selling shareholder. AIG purchased 65,573,770 shares of AIG common stock in the offering at the public offering price of $30.50 per share for an aggregate purchase amount of approximately $2B. The exercise of the over-allotment option increases Treasury’s proceeds from the sale to approximately $5.75B. AIG did not receive any of the proceeds from the sale of the shares of AIG common stock by Treasury. The offering reduced Treasury’s remaining TARP investment in AIG to approximately $29B, consisting of approximately 1.06B shares of AIG common stock, and reduced Treasury’s percentage ownership of AIG common stock to approximately 61%. :theflyonthewall.com
13:25 EDTSIGI
theflyonthewall.com: Selective Insurance to host investor day

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07:38 EDTAIG
theflyonthewall.com: AIG has 50% upside from here, says Bernstein

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May 9, 2012
16:16 EDTALTE
theflyonthewall.com: Alterra Capital reports Q1 EPS 66c, consensus 63c

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15:07 EDTALTE
theflyonthewall.com: Companies reporting After the Market Close on Wednesday, May 9

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11:33 EDTAIG
theflyonthewall.com: ILFC completes 65 lease transactions in Q1

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10:29 EDTAIG
theflyonthewall.com: On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AIG (AIG) upgraded to Buy from Neutral at Goldman... Affymetrix (AFFX) upgraded to Equal Weight from Underweight at Morgan Stanley... Callon Petroleum (CPE) upgraded to Outperform from Neutral at RW Baird... Demand Media (DMD) upgraded to Buy from Neutral at Citigroup... Dow Chemical (DOW) upgraded to Overweight from Equal Weight at Morgan Stanley... EZCORP (EZPW) upgraded to Neutral from Underperform at Sterne Agee... Fossil (FOSL) upgraded to Buy from Hold at Benchmark Co... Inteliquent (IQNT) upgraded to Outperform from Neutral at RW Baird... Magellan Health (MGLN) upgraded to Buy from Neutral at BofA/Merrill... Scotts Miracle-Gro (SMG) upgraded to Market Perform from Underperform at BMO Capital... St. Jude Medical (STJ) upgraded to Overweight from Equal Weight at Morgan Stanley... Under Armour (UA) upgraded to Buy from Neutral at UBS... Veeco (VECO) upgraded to Overweight from Neutral at Piper Jaffray... Hershey (HSY) upgraded to Buy from Hold at Argus... U.S. Auto Parts (PRTS) upgraded to Buy from Neutral at Roth Capital. :theflyonthewall.com
05:57 EDTAIG
theflyonthewall.com: AIG upgraded to Buy from Neutral at Goldman

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