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Stock Market & Financial Investment News

News Breaks
July 28, 2014
16:13 EDTMRHMontpelier Re reports Q2 EPS 76c, consensus 99c
Reports fully converted book value per share of $31.74, a 2.8% increase from March 31. Net premiums written in the second quarter were flat year-over-year, when adjusting for reinstatements, with increased writings within the company’s Montpelier at Lloyd’s and Collateralized Reinsurance segments, offsetting a decrease in writings at Montpelier Bermuda. The loss ratio for the quarter was 41%, which includes $24M of net losses from known catastrophe events in the quarter, offset by $38M of favorable prior year loss reserve movements. The combined ratio was 77% for the quarter. Net investment income was $12M for the quarter, and the total return on the investment portfolio was 0.9%.
News For MRH 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.

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