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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:47 EDTAFSI, TWGPAmTrust Financial transaction positive, says JMP Securities
After AmTrust (AFSI) agreed to buy the renewal rights and certain assets of Tower Group's (TWGP) commercial lines insurance business, JMP Securities thinks the deal is accretive and eliminates a competitor while strengthening AmTrust's small business core. The firm reiterates a $45 price target and Outperform rating on AmTrust.
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August 19, 2014
17:02 EDTTWGPTower Group receives Nasdaq notice regarding listing requirements
Tower Group International announced that it received a notification letter from The Nasdaq Listing Qualification Department on August 14, stating that because Tower has not yet filed its Form 10-Q for the period ended June 30 with the SEC, it was not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250c1. The Nasdaq notice has no immediate effect on the listing or trading of Tower's common stock on The Nasdaq Global Market. Under Nasdaq listing rules, Tower has 60 days to submit a plan to Nasdaq to regain compliance with the applicable listing rule. Tower currently expects to file the 10-Q with the SEC within approximately the next twenty days.
August 15, 2014
08:20 EDTAFSIAmTrust Financial management to meet with JMP Securities
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August 14, 2014
17:12 EDTTWGPMMCAP International reports 5.79% passive stake in Tower Group
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August 7, 2014
07:15 EDTAFSIAmTrust Financial reports Q2 operating EPS $1.34, consensus $1.00
Reports Q2 revenue $1.01B, consensus $824.36M. Reports Q2 EPS $1.33. Reports Q2 book value per share $21.13.

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