Amtrust Financial Services (AFSI) 42.18 $AFSI
Progressive August Earnings Improve on Higher Premiums - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 12, 8:10AM CDT
Progressive Corp.'s (PGR) operating earnings for Aug 2014 came in at 14 cents per share, exhibiting an improvement of 55% higher year over year.
A.M. Best Assigns Debt Rating to AmTrust Financial Services Inc. Forthcoming Preferred Share Offering
Business Wire - Thu Sep 11, 1:00PM CDT
A.M. Best has assigned a debt rating of "bb+" to the forthcoming $80 million 7.625% non-cumulative perpetual preferred stock of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ:AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see related A.M. Best's press release dated May 30, 2014 here.)
EMPLOYERS Launches Coventry/NT24 for Injured Workers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 11, 10:30AM CDT
EMPLOYERS, the small business insurance subsidiary of Employers Holdings, Inc. (EIG) recently launched an online service named Coventry/NT24 to cater to injured workers.
Progressive (PGR) Upgraded to Buy: Will You Add the Stock? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 10, 3:40PM CDT
On Sep 10, Zacks Investment Research upgraded Progressive Corp. (PGR) to a Zacks Rank #2 (Buy).
Property and Casualty Insurance Stocks on our Scanner - Assured Guaranty, FNF Group, Travelers Cos, XL Group, and AmTrust Financial Services
PR Newswire - Wed Sep 10, 8:00AM CDT
On Tuesday, September 09, 2014, the NASDAQ Composite ended at 4,552.29, down 0.87%, the Dow Jones Industrial Average finished the day 0.57% lower at 17,013.87, and the S&P 500 closed at 1,988.44, down 0.65%. The losses were broad based with all the ten sectors ending the session in negative. The S&P 500 Financials Sector Index ended the day at 312.20, down 1.00%, whereas the index has advanced 1.42% in the previous three months. Investor-Edge has initiated coverage on the following equities: Assured Guaranty Ltd (NYSE: AGO), FNF Group (NYSE: FNF), The Travelers Companies Inc. (NYSE: TRV), XL Group PLC (NYSE: XL), and AmTrust Financial Services Inc. (NASDAQ: AFSI). Free research on these five companies can be accessed at:
AmTrust Announces Pricing of $80 Million in Depositary Shares Representing Interests in Preferred Stock
GlobeNewswire - Wed Sep 10, 6:00AM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it priced on September 9, 2014 an underwritten public offering of 3,200,000 of its depositary shares (the "Depositary Shares" , each representing a 1/40 interest in a share of its 7.625% Non-Cumulative Preferred Stock, Series C (the "Preferred Stock" , with a liquidation preference of $1,000.00 per share (equivalent to $25.00 per Depositary Share), or $80 million in aggregate liquidation preference. The offering price per Depositary Share is $25.00, for aggregate gross proceeds of $80 million. The Company has granted the underwriters a 30-day option, expiring on October 9, 2014, to purchase up to an additional 480,000 Depositary Shares from the Company on the same terms and conditions. Each Depositary Share entitles the holder to a proportional fractional interest in all rights and preferences of the Preferred Stock represented thereby (including any dividend, liquidation, redemption and voting rights). The Company expects the offering to close on September 16, 2014, subject to customary closing conditions. Dividends on the Preferred Stock represented by the Depositary Shares will be payable on the liquidation preference amount, on a non-cumulative basis, when, as and if declared by the board of directors of the Company, at a rate of 7.625% per annum, quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on December 15, 2014, from and including the date of original issuance. The Preferred Stock represented by the Depositary Shares is not redeemable prior to September 16, 2019. After that date, the Company may redeem at its option, in whole or in part, the Preferred Stock represented by the Depositary Shares at a redemption price of $1,000.00 per share (equivalent to $25.00 per Depositary Share) plus any declared and unpaid dividends for prior dividend periods and accrued but unpaid dividends (whether or not declared) for the then current dividend period. The Company intends to apply to list the Depositary Shares for trading on the New York Stock Exchange. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures and/or strategic acquisitions.
PartnerRe Declares New Buyback to Boost Shareholder Value - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 4:25PM CDT
The board of PartnerRe Ltd. (PRE) has authorized a new stock repurchase worth 5.0 million shares.
Greenlight Capital Slips a Notch to Sell on Q2 Earnings Miss - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 3:00PM CDT
On Sep 9, Zacks Investment Research downgraded Greenlight Capital Re, Ltd (GLRE) to a Zacks Rank #4 (Sell).
Selective Insurance Upgraded to Buy: Will you Add the Stock? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 8:30AM CDT
On Sep 9, Zacks Investment Research upgraded Selective Insurance Group Inc. (SIGI) to a Zacks Rank #2 (Buy).
XL Group Boosts Core Business; Would You Invest? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 5:15PM CDT
On Sep 8, we issued an update research report on XL Group plc (XL).
CNO Financial Faces High Expense: Hold Stock for Long Term - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 3:00PM CDT
On Sep 5, 2014, we issued update research report of CNO Financial Group Inc. (CNO).
W. R. Berkley Corp Continues to Gain Strength on New Units - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 2:40PM CDT
W.R. Berkley Corp. (WRB) is witnessing premium growth as new units contributes to business and insurance pricing improves.
Alleghany Prices $300 Million Senior Notes; Notes Get Rated - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 10:30AM CDT
Alleghany Corporation (Y) priced $300 million senior notes due Sep 15, 2044. The notes carry an interest of 4.90%.
Zacks Industry Outlook Highlights: Employers Holdings, Fidelity & Guaranty Life Common, AmTrust Financial Services, Endurance Specialty Holdings and Federated National Holding
PR Newswire - Mon Sep 08, 8:30AM CDT
Today, Zacks Equity Research discusses the Insurance, including Employers Holdings, Inc. (NYSE:EIG-Free Report), Fidelity & Guaranty Life Common (NYSE:FGL-Free Report), AmTrust Financial Services, Inc. (Nasdaq:AFSI-Free Report), Endurance Specialty Holdings Ltd. (NYSE:ENH-Free Report) and Federated National Holding Company (Nasdaq:FNHC-Free Report).
Greenlight Capital (GLRE) Hits 52-Week High Post-Q2 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 9:46AM CDT
Shares of Greenlight Capital Re Ltd. (GLRE) scaled a new 52-week high on Sep 3, following solid year-over-year performance in second-quarter 2014.
Federated National Holding Up to Strong Buy on Q2 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 8:50AM CDT
Zacks Investment Research upgraded Federated National Holding Company (FNHC) to Zacks Rank #1 (Strong Buy).
Why AmTrust Financial (AFSI) Could Be a Top Value Stock Pick - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 7:32AM CDT
AmTrust Financial (AFSI) looks a strong candidate which may be an impressive value. It may be an interesting play thanks to its low PE, solid outlook, and decent dividend.
Chubb Holds Niche in Market with Rising Insurance Rates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 03, 5:25PM CDT
Chubb (CB) holds a significant position in commercial and personal insurance segments; it faces catastrophe and low interest rates headwinds.
Unum (UNM) Hits 52-Week High on Q2 Beat & Capital Outlay - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 03, 3:10PM CDT
On Sep 2, 2014, shares of Unum Group (UNM) scaled a 52-week high of $36.83 buoyed by a solid second-quarter earnings beat and higher capital deployment.
Willis Group Downgraded to Strong Sell on Weak Q2 Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 03, 2:54PM CDT
Zacks Investment Research downgraded Willis Group Holdings Public Limited Company (WSH) to a Zacks Rank #5 (Strong Sell).
Progressive August Earnings Improve on Higher Premiums - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 12, 8:10AM CDT
Progressive Corp.'s (PGR) operating earnings for Aug 2014 came in at 14 cents per share, exhibiting an improvement of 55% higher year over year.
A.M. Best Assigns Debt Rating to AmTrust Financial Services Inc. Forthcoming Preferred Share Offering
Business Wire - Thu Sep 11, 1:00PM CDT
A.M. Best has assigned a debt rating of "bb+" to the forthcoming $80 million 7.625% non-cumulative perpetual preferred stock of AmTrust Financial Services Inc. (AmTrust) (headquartered in New York, NY) [NASDAQ:AFSI]. The outlook assigned to the rating is stable. All remaining ratings of AmTrust and its subsidiaries are unchanged. (Please see related A.M. Best's press release dated May 30, 2014 here.)
EMPLOYERS Launches Coventry/NT24 for Injured Workers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 11, 10:30AM CDT
EMPLOYERS, the small business insurance subsidiary of Employers Holdings, Inc. (EIG) recently launched an online service named Coventry/NT24 to cater to injured workers.
Progressive (PGR) Upgraded to Buy: Will You Add the Stock? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 10, 3:40PM CDT
On Sep 10, Zacks Investment Research upgraded Progressive Corp. (PGR) to a Zacks Rank #2 (Buy).
Property and Casualty Insurance Stocks on our Scanner - Assured Guaranty, FNF Group, Travelers Cos, XL Group, and AmTrust Financial Services
PR Newswire - Wed Sep 10, 8:00AM CDT
On Tuesday, September 09, 2014, the NASDAQ Composite ended at 4,552.29, down 0.87%, the Dow Jones Industrial Average finished the day 0.57% lower at 17,013.87, and the S&P 500 closed at 1,988.44, down 0.65%. The losses were broad based with all the ten sectors ending the session in negative. The S&P 500 Financials Sector Index ended the day at 312.20, down 1.00%, whereas the index has advanced 1.42% in the previous three months. Investor-Edge has initiated coverage on the following equities: Assured Guaranty Ltd (NYSE: AGO), FNF Group (NYSE: FNF), The Travelers Companies Inc. (NYSE: TRV), XL Group PLC (NYSE: XL), and AmTrust Financial Services Inc. (NASDAQ: AFSI). Free research on these five companies can be accessed at:
AmTrust Announces Pricing of $80 Million in Depositary Shares Representing Interests in Preferred Stock
GlobeNewswire - Wed Sep 10, 6:00AM CDT
AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the "Company" or "AmTrust"
today announced that it priced on September 9, 2014 an underwritten public offering of 3,200,000 of its depositary shares (the "Depositary Shares" , each representing a 1/40 interest in a share of its 7.625% Non-Cumulative Preferred Stock, Series C (the "Preferred Stock" , with a liquidation preference of $1,000.00 per share (equivalent to $25.00 per Depositary Share), or $80 million in aggregate liquidation preference. The offering price per Depositary Share is $25.00, for aggregate gross proceeds of $80 million. The Company has granted the underwriters a 30-day option, expiring on October 9, 2014, to purchase up to an additional 480,000 Depositary Shares from the Company on the same terms and conditions. Each Depositary Share entitles the holder to a proportional fractional interest in all rights and preferences of the Preferred Stock represented thereby (including any dividend, liquidation, redemption and voting rights). The Company expects the offering to close on September 16, 2014, subject to customary closing conditions. Dividends on the Preferred Stock represented by the Depositary Shares will be payable on the liquidation preference amount, on a non-cumulative basis, when, as and if declared by the board of directors of the Company, at a rate of 7.625% per annum, quarterly in arrears, on March 15, June 15, September 15 and December 15 of each year, beginning on December 15, 2014, from and including the date of original issuance. The Preferred Stock represented by the Depositary Shares is not redeemable prior to September 16, 2019. After that date, the Company may redeem at its option, in whole or in part, the Preferred Stock represented by the Depositary Shares at a redemption price of $1,000.00 per share (equivalent to $25.00 per Depositary Share) plus any declared and unpaid dividends for prior dividend periods and accrued but unpaid dividends (whether or not declared) for the then current dividend period. The Company intends to apply to list the Depositary Shares for trading on the New York Stock Exchange. The Company expects to use the net proceeds from the offering for general corporate purposes, which may include working capital, capital expenditures and/or strategic acquisitions. PartnerRe Declares New Buyback to Boost Shareholder Value - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 4:25PM CDT
The board of PartnerRe Ltd. (PRE) has authorized a new stock repurchase worth 5.0 million shares.
Greenlight Capital Slips a Notch to Sell on Q2 Earnings Miss - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 3:00PM CDT
On Sep 9, Zacks Investment Research downgraded Greenlight Capital Re, Ltd (GLRE) to a Zacks Rank #4 (Sell).
Selective Insurance Upgraded to Buy: Will you Add the Stock? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 09, 8:30AM CDT
On Sep 9, Zacks Investment Research upgraded Selective Insurance Group Inc. (SIGI) to a Zacks Rank #2 (Buy).
XL Group Boosts Core Business; Would You Invest? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 5:15PM CDT
On Sep 8, we issued an update research report on XL Group plc (XL).
CNO Financial Faces High Expense: Hold Stock for Long Term - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 3:00PM CDT
On Sep 5, 2014, we issued update research report of CNO Financial Group Inc. (CNO).
W. R. Berkley Corp Continues to Gain Strength on New Units - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 2:40PM CDT
W.R. Berkley Corp. (WRB) is witnessing premium growth as new units contributes to business and insurance pricing improves.
Alleghany Prices $300 Million Senior Notes; Notes Get Rated - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 08, 10:30AM CDT
Alleghany Corporation (Y) priced $300 million senior notes due Sep 15, 2044. The notes carry an interest of 4.90%.
Zacks Industry Outlook Highlights: Employers Holdings, Fidelity & Guaranty Life Common, AmTrust Financial Services, Endurance Specialty Holdings and Federated National Holding
PR Newswire - Mon Sep 08, 8:30AM CDT
Today, Zacks Equity Research discusses the Insurance, including Employers Holdings, Inc. (NYSE:EIG-Free Report), Fidelity & Guaranty Life Common (NYSE:FGL-Free Report), AmTrust Financial Services, Inc. (Nasdaq:AFSI-Free Report), Endurance Specialty Holdings Ltd. (NYSE:ENH-Free Report) and Federated National Holding Company (Nasdaq:FNHC-Free Report).
Greenlight Capital (GLRE) Hits 52-Week High Post-Q2 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 9:46AM CDT
Shares of Greenlight Capital Re Ltd. (GLRE) scaled a new 52-week high on Sep 3, following solid year-over-year performance in second-quarter 2014.
Federated National Holding Up to Strong Buy on Q2 Earnings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 8:50AM CDT
Zacks Investment Research upgraded Federated National Holding Company (FNHC) to Zacks Rank #1 (Strong Buy).
Why AmTrust Financial (AFSI) Could Be a Top Value Stock Pick - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Sep 04, 7:32AM CDT
AmTrust Financial (AFSI) looks a strong candidate which may be an impressive value. It may be an interesting play thanks to its low PE, solid outlook, and decent dividend.
Chubb Holds Niche in Market with Rising Insurance Rates - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 03, 5:25PM CDT
Chubb (CB) holds a significant position in commercial and personal insurance segments; it faces catastrophe and low interest rates headwinds.
Unum (UNM) Hits 52-Week High on Q2 Beat & Capital Outlay - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 03, 3:10PM CDT
On Sep 2, 2014, shares of Unum Group (UNM) scaled a 52-week high of $36.83 buoyed by a solid second-quarter earnings beat and higher capital deployment.
Willis Group Downgraded to Strong Sell on Weak Q2 Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 03, 2:54PM CDT
Zacks Investment Research downgraded Willis Group Holdings Public Limited Company (WSH) to a Zacks Rank #5 (Strong Sell).
