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News Breaks
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December 9, 2011
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| 07:39 EDT |  | AFG, 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 |
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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
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| 06:25 EDT |  | TRV |
| theflyonthewall.com: | Travelers initiated with a Market Perform at JMP Securities | | :theflyonthewall.com |
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May 21, 2012
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| 10:35 EDT |  | AIG |
| theflyonthewall.com: | AIG says government exit in sight | | Comment from Deutsche Bank Investor Conference presentation. :theflyonthewall.com |
| | 07:18 EDT |  | AIG |
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May 18, 2012
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| 11:05 EDT |  | MMC |
| | 08:57 EDT |  | AIG |
| | 06:51 EDT |  | AIG |
| 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 EDT |  | AIG |
| 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 |
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May 17, 2012
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| 16:32 EDT |  | HIG |
| | 11:43 EDT |  | ALL, 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 EDT |  | MMC |
| 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 EDT |  | AIG |
| | 09:48 EDT |  | AIG |
| | 09:43 EDT |  | AIG |
| theflyonthewall.com: | Delay of Maiden Lane sale reflects new information, CNBC reports, citing sources | | :theflyonthewall.com |
| | 09:42 EDT |  | AIG |
| | 09:21 EDT |  | AIG |
| theflyonthewall.com: | NY Fed said to delay sale of Maiden Lane III debt, Bloomberg reports | | :theflyonthewall.com |
| | 09:02 EDT |  | ALL |
| | 00:23 EDT |  | TRV |
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May 16, 2012
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| 14:40 EDT |  | ALL |
| | 12:25 EDT |  | AIG |
| | 08:25 EDT |  | PGR |
| | 07:17 EDT |  | AIG |
| 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 EDT |  | AIG |
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May 15, 2012
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| 13:02 EDT |  | HIG |
| | 07:31 EDT |  | HIG, ALTE, AIG |
| | 07:19 EDT |  | TRV |
| 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 EDT |  | HIG |
| | 05:53 EDT |  | ALL |
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May 14, 2012
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| 16:50 EDT |  | HIG |
| | 06:59 EDT |  | MMC |
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May 11, 2012
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| 09:37 EDT |  | ALL |
| | 04:59 EDT |  | TRV |
| 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 |
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May 10, 2012
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| 16:35 EDT |  | AIG |
| | 16:34 EDT |  | AFG |
| 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 EDT |  | AIG |
| 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 EDT |  | SIGI |
| | 07:38 EDT |  | AIG |
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May 9, 2012
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| 16:16 EDT |  | ALTE |
| | 15:07 EDT |  | ALTE |
| | 11:33 EDT |  | AIG |
| | 10:29 EDT |  | AIG |
| 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 EDT |  | AIG |
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