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Stock Market & Financial Investment News

News Breaks
December 19, 2012
10:01 EDTVR, ENH, MKL, PTP, AXS, ALTE, MRH, AWHAlterra up after deal, analyst positive on Bermuda peers
Insurance company Alterra (ALTE) is rallying after Markel Corporation (MKL), a financial holding company, agreed to buy Alterra for $31 per share in cash and stock, or $3.13B. Each Alterra share will be exchanged for $10 and 0.04315 Markel shares, the companies said. In a note to investors earlier today, Wells Fargo analyst John Hall wrote that the acquisition of Alterra, which is based in Bermuda, should boost the share prices of other Bermuda based companies that are trading significantly below their book values. Allied World (AWH), AXIS Capital (AXS), Endurance Specialty (ENH), Montpelier Re (MRH), Platinum Underwriters (PTP), and Validus (VR) are examples of such companies, the analyst wrote. In early trading, Alterra surged 24.02% to $28.71, Allied World rose 1.89% to $80.15, Endurance Specialty gained 3.01% to $40.69, Montpelier Re added 1.97% to $22.78, Platinum Underwriters climbed 4.16% to $47.06, and Validus increased 1.54% to $34.85.
News For AWH;AXS;ENH;MRH;PTP;VR;ALTE;MKL From The Last 14 Days
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November 25, 2014
10:00 EDTMRHOn The Fly: Analyst Upgrade Summary
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05:38 EDTMRHMontpelier Re upgraded to Equal Weight from Underweight at Barclays
Barclays upgraded Montpelier Re to Equal Weight saying book value growth should provide support for shares. The firm raised its price target for the stock to $37 from $29.
November 24, 2014
12:59 EDTPTPOn The Fly: Midday Wrap
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09:23 EDTPTPOn The Fly: Pre-market Movers
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06:50 EDTPTPRenaissanceRe Platinum to host conference call
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06:07 EDTPTPRenaissanceRe to acquire Platinum Underwriters for $76 per share in cash, stock
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06:05 EDTPTPRenaissanceRe agrees to acquire Platinum Underwriters for $76.00 per share
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06:04 EDTPTPRenaissanceRe to acquire Platinum Underwriters for $76 per share
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