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Stock Market & Financial Investment News

News Breaks
January 24, 2013
08:19 EDTTWGP, NATL, CB, AFSI, TRV, MKL, AIG, RLI, HCC, AGIIWilliam Blair says good time to buy commercial insurers
William Blair believes now is a good time to buy commercial insurance stocks with the sector coming out of a cyclical trough. The firm expects earnings to rebound quicker than usual and highlights AmTrust Financial (AFSI), Argo Group (AGII), and AIG (AIG) as its top picks in the sector.
News For AFSI;AGII;AIG;CB;HCC;MKL;NATL;RLI;TRV;TWGP From The Last 14 Days
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July 1, 2015
07:49 EDTCBChubb volatility elevated into ACE Limited acquiring for $28B in cash and stock
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07:47 EDTCBACE Limited & Chubb to host joint conference call
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07:41 EDTCBACE Limited volatility elevated into acquiring Chubb for $28B in cash and stock
ACE Limited (ACE) July call option implied volatility is at 18, August is at 17; compared to its 52-week range of 10 to 21, suggesting large price movement into acquiring Chubb (CB) for $62.93 per share in cash and 0.6019 shares of ACE stock.
07:02 EDTCBACE sees deal immediately accretive to EPS and book value
It is expected that the transaction will be immediately accretive to earnings per share and book value, and by year three, the transaction will be accretive to EPS on a double-digit basis and will be accretive to ROE. It is anticipated that the ROI will exceed ACE’s cost of capital within two years, result in a double-digit return by year three, and tangible book value per share will return to its current level in three years. Morgan Stanley & Co. LLC is serving as financial advisor and Sullivan & Cromwell LLP is serving as legal counsel to ACE. Guggenheim Securities, LLC is serving as financial advisor and Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Chubb.
07:02 EDTCBACE Limited, Chubb company will be led by Evan Greenberg
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07:01 EDTCBACE Limited to acquire Chubb for $28.3B in cash and stock
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07:00 EDTCBACE Limited to acquire Chubb for $28.3B in cash and stock
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June 30, 2015
08:10 EDTRLIRLI Corp. management to meet with FBR Capital
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08:05 EDTAFSIAmTrust management to meet with JMP Securities
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June 29, 2015
10:04 EDTCBHigh option volume stocks
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June 24, 2015
17:57 EDTAIGWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 17, 2015
16:21 EDTAIGAres, Varagon establish joint venture for senior secured loans
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