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Stock Market & Financial Investment News

News Breaks
May 15, 2014
09:25 EDTPGR, PGR, PGR, TW, TW, TWBofA/Merrill non-life insurance analysts hold analyst/industry conference call
Analysts, along with Towers Watson Director Robin Harbage, discuss usage-based insurance an important emerging topic in the auto insurance industry on an Analyst/Industry conference call to be held on May 19 at 10 am.
News For PGR;TW From The Last 14 Days
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August 22, 2014
17:01 EDTTWTowers Watson raises quarterly dividend, announces $300M share repurchase plan
Towers Watson announced that its Board of Directors has approved the purchase of up to $300M of the company's class A common stock and has terminated the existing share repurchase authorizations. Under this new authorization, the company will continue to offset share dilution as a result of stock based compensation programs and may make opportunistic repurchases of common stock from time to time through open-market purchases, in privately negotiated transactions or otherwise. The amount and timing of any purchases will depend upon a number of factors, including the price and availability of the company's shares and general market conditions. No time limit has been placed on the duration of the share repurchase program, and it may be discontinued at any time. The company also announced that its Board of Directors approved a regular quarterly cash dividend of 15c per common share for the quarter ended June 30. This represents a 7% increase. The dividend is payable on or about October 15 to stockholders of record at the close of business on September 30.
August 14, 2014
10:05 EDTPGROn The Fly: Analyst Upgrade Summary
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06:08 EDTPGRProgressive upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Progressive to Buy on citing an attractive valuation and its belief underwriting spreads will improve. Citi raised its price target for shares to $29 from $27.
August 13, 2014
10:51 EDTPGRProgressive July EPS beat expectations, says Wells Fargo
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08:28 EDTPGRProgressive reports July EPS 20c
Reports July net premiums written up 4% from prior year to $1.81B and net premiums earned up 5% to $1.74B.

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