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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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February 10, 2016
16:44 EDTMKLMarkel reports Q4 EPS $14.14, may not compare to consensus $7.21
Reports Q4 revenue $1.42B, consensus $1.33B. Reported book value per common share outstanding of $561.23 at December 31, 2015, up 3% from $543.96 at December 31, 2014.
February 9, 2016
07:11 EDTVR, AXSBofa/Merrill to hold a conference
2016 Insurance Conference is being held in New York on February 9-11.
February 3, 2016
16:28 EDTENHEndurance Specialty reports Q4 EPS $1.36, consensus $1.40
Reports gross premiums written of $515.6M, an increase of 22.5% compared to the same period in 2014; Net premiums written of $289.7M, an increase of 23.8% compared to the same period in 2014; Combined ratio of 76.2% compared to 83.2% for the same period in 2014.
16:22 EDTAWHAllied World reports Q4 operating EPS 47c, consensus 59c
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February 2, 2016
16:24 EDTVRValidus increases dividend 9.4% to 35c
Validus Holdings announced that its Board of Directors has increased its quarterly dividend to 35c per common share from 32c, an increase of 3c or 9.4%. The dividend is payable on March 31 to shareholders of record on March 15.
16:20 EDTAXSAXIS Capital reports Q4 operating EPS $1.23, consensus $1.13
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