New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 12, 2014
04:55 EDTALL, ALL, Y, Y, PRE, PRE, MET, MET, XL, XL, AFG, AFG, VR, VR, LNC, LNC, AHL, AHL, AGII, AGII, HIG, HIG, WRB, WRBBofA/Merrill to hold a conference
2014 Insurance Conference is being held in New York on February 12-13.
News For ALL;HIG;AGII;AHL;LNC;VR;AFG;XL;MET;PRE;Y;WRB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 27, 2015
16:10 EDTHIGHartford Financial raises share repurchase plan by $1.6B
The Hartford announced that its board of directors approved an increase in and extension of the company’s capital management plan. The current equity repurchase plan was increased by $1.6B and extended through Dec. 31, 2016. The debt management plan was expanded to include the repayment of $275M of debt maturing in 2016 and extended through Dec. 31, 2016.
16:10 EDTPREPartnerRe reports Q2 EPS ex-items $2.39 , conosensus $2.35
Subscribe for More Information
16:09 EDTHIGHartford Financial reports Q2 core EPS 91c, consensus 77c
Reports Q2 revenue $4.685B, consensus $4.7B. Book value per diluted share, excluding accumulated other comprehensive income, was $42.41, up 8% over June 30, 2014.
15:03 EDTHIG, PRENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Baidu (BIDU), consensus $10.58... Avalonbay Communities (AVB), consensus $1.92... Hartford Financial (HIG), consensus 77c... Southwestern Energy (SWN), consensus 6c... PartnerRe (PRE), consensus $2.35... Allison Transmission (ALSN), consensus 34c... Swift Transportation (SWFT), consensus 37c.
13:46 EDTHIGHartford Financial technical notes ahead of earnings
The stock has been in a stable bullish uptrend since the lows of August in 2012. Of late the bullish price channel has begun to steepen, implying greater upside momentum into earnings. If the news is bullish, resistance levels to watch as potential upside objectives would be at $47.42, $49.14, and $50.47. If the news is a bearish surprise, the first important support would be the 30-day moving average at $44. On a breakdown below that average, next supports to watch as potential downside objectives would be at $42.98, $41.75, and $40.63.
09:26 EDTPREEXOR says Glass Lewis recommends PartnerRe investors vote against AXIS deal
EXOR S.p.A., the largest shareholder of PartnerRe Ltd. (PRE), welcomes the recommendation from Glass Lewis & Co. Following its detailed review of the reasonably expected timing, certainty and risks of the proposals Glass Lewis & Co stated that “Exor’s offer is superior” and that PartnerRe Common and Preferred Shareholders should vote AGAINST the three proposals related to the AXIS (AXS) transaction at the PartnerRe Special General Meeting to be held on August 7. Glass Lewis is a leading independent governance analysis and proxy voting advisor for institutional investors. The Glass Lewis report follows that of Institutional Investor Services, another leading proxy voting advisory firm, which last week also recommended PartnerRe shareholders vote against the AXIS transaction. In its recommendation to vote AGAINST the PartnerRe – AXIS amalgamation, Glass Lewis said: “For common shareholders…the relative immediacy and certainty of an all-cash offer at a premium valuation -- which we believe is in line with prior transactions involving reinsurers -- makes Exor's offer more attractive…”
07:15 EDTPREPartnerRe could withdraw from deal, says Wells Fargo
Subscribe for More Information
July 24, 2015
15:28 EDTPREISS recommends AXIS Capital shareholders vote for agreement with PartnerRe
Subscribe for More Information
11:43 EDTPREEXOR 'welcomes' ISS recommendation for PartnerRe vote against AXIS offer
EXOR said it welcomes the recommendation from Institutional Shareholder Services, following its detailed review of the transaction, that PartnerRe (PRE) shareholders vote AGAINST the three proposals related to the AXIS (AXS) transaction at the PartnerRe Special General Meeting to be held on August 7, 2015. ISS is the leading independent provider of recommendations on corporate governance and voting issues for institutional investors. EXOR said it reminds PartnerRe shareholders that voting AGAINST the AXIS transaction at the SGM on August 7 is a critical step to enable PartnerRe to accept EXOR’s fully-financed, all-cash superior offer, delivering Common Shareholders the certainty of $140.50 per share in cash and providing Preferred Shareholders with a conservative credit profile and significantly enhanced terms.
11:21 EDTPREISS recommends against PartnerRe deal with AXIS, Insurance Insider says
Proxy firm Institutional Shareholder Services has recommended that PartnerRe (PRE) shareholders vote against its proposed tie-up with Axis Capital (AXS), said Insurance Insider, adding that the recommendation may be a "potential knock-out blow" Exor, which has made a competing cash offer of $137.50 per share to acquire PartnerRe. Reference Link
July 22, 2015
17:13 EDTPREAXIS Capital, PartnerRe reaffirm commitment to 'superior proposal'
Subscribe for More Information
July 21, 2015
14:22 EDTPREAXIS calls merger agreement with PartnerRe 'superior' to revised EXOR offer
AXIS Capital Holdings (AXS) stated that its merger agreement with PartnerRe (PRE) is "superior" to the revised offer from EXOR. AXIS Capital said, "The value of our merger agreement with PartnerRe is superior to the EXOR offer both immediately and in the future. We provide continuity of interest for investors to participate in the future upside resulting from the substantial strategic and financial benefits of the combined company, the exchange of PartnerRe common stock for combined company common stock in the amalgamation is tax free to PartnerRe shareholders, we offer deal closing certainty ahead of the upcoming renewal season, and the combined company will have a superior credit profile." AXIS Capital also highlighted that PartnerRe "continues to support the amalgamation agreement between the two companies," according to AXIS.
08:40 EDTPREPartnerRe says AXIS offer still 'superior' to new EXOR offer
Subscribe for More Information
July 20, 2015
10:00 EDTWRBOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:00 EDTAHL, AGIIOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:16 EDTHIGThe Hartford names Morris Tooker Chief Underwriting Officer
The Hartford has named A. Morris “Mo” Tooker as EVP and chief underwriting officer for the company’s property and casualty businesses, effective July 21. Tooker will report to Doug Elliot, president of The Hartford. Tooker will oversee underwriting across The Hartford’s Small Commercial, Middle Market, Large Commercial and Personal Lines segments. He will lead development of the company’s underwriting approach for new markets and growth areas.
08:50 EDTPREEXOR confirms all-cash binding offer of $137.50 per share to PartnerRe investors
Subscribe for More Information
06:29 EDTWRBW. R. Berkley downgraded to Sell from Neutral at UBS
Subscribe for More Information
06:19 EDTAGIIArgo Group upgraded to Neutral from Underperform at Macquarie
Subscribe for More Information
06:19 EDTAHLAspen Insurance upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded Aspen Insurance to Neutral and increased its price target to $49 from $40 citing fair valuation and industry consolidation.
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use