A.M. Best Affirms Ratings of National Interstate Corporation and Its Property/Casualty Subsidiaries
BusinessWire - Thu May 12, 12:33PM CDT
A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings (ICR) of "a+" of National Interstate Insurance Company and its affiliates, National Interstate Insurance Company of Hawaii, Inc., Triumphe Casualty Company and Vanliner Insurance Company (collectively referred to as National Interstate). Concurrently, A.M. Best has affirmed the ICR of "bbb+" of National Interstate Corporation (NATL) [NASDAQ: NATL]. Vanliner is domiciled in Fenton, MO. All other companies are headquartered in Richfield, OH. NATL is approximately 51% owned by Great American Insurance Company, a wholly owned subsidiary of American Financial Group, Inc. The outlook for each rating is stable.
NATL: 31.05 (+0.06)
National Interstate Corporation Announces Quarterly Dividend
GlobeNewswire - Mon May 09, 8:00AM CDT
National Interstate Corporation (Nasdaq:NATL) announced that on May 5, 2016, its Board of Directors approved a quarterly dividend of $0.14 per share. The cash dividend will be payable on May 31, 2016 to shareholders of record of the Company's common stock as of the close of business on May 20, 2016.
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
Customer Experience Provider inQuba Expands Client Roster with Addition of National Interstate Insurance Company
PRWeb - Wed May 04, 6:04AM CDT
The inQuba firm, an emerging leader providing customer experience management software and services, announced today that its portfolio of insurance and financial services clients is expanding with the addition of National Interstate Insurance Company. National Interstate is set to launch its personalized CX initiative with event driven Voice of the Customer (VoC) survey capability, analytics and case management, designed specifically for the forward-thinking insurance carrier seeking to deliver an optimal policyholder experience.
NATL: 31.05 (+0.06)
National Interstate posts 1Q profit
Automated Insights - Mon May 02, 5:07PM CDT
RICHFIELD, Ohio (AP) _ National Interstate Corp. (NATL) on Monday reported first-quarter earnings of $6.8 million.
NATL: 31.05 (+0.06)
National Interstate Corporation Reports 2016 First Quarter Results
GlobeNewswire - Mon May 02, 3:30PM CDT
-- 2016 first quarter operating earnings per share of $0.38 compared to $0.33 for the 2015 first quarter
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
National Interstate Corporation Announces Retention of Financial Advisor to Review Proposal by American Financial Group, Inc.
GlobeNewswire - Thu Apr 21, 3:40PM CDT
National Interstate Corporation (Nasdaq:NATL) (National Interstate) announced today that the special committee of its board of directors has retained Morgan Stanley & Co. LLC as its financial advisor. The special committee, with the assistance of Morgan Stanley & Co. LLC and its legal advisor, Willkie Farr & Gallagher LLP, is evaluating the proposal received on March 7, 2016 from American Financial Group (NYSE:AFG) to acquire all of the outstanding common shares of National Interstate not currently owned by AFG's wholly-owned subsidiary, Great American Insurance Company, for $30.00 per share in cash.
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06), MS: 27.02 (+0.63)
National Interstate Corporation Announces Earnings Conference Call and Web Cast
GlobeNewswire - Mon Apr 18, 3:30PM CDT
National Interstate Corporation (Nasdaq:NATL) announced today that the Company expects to release its 2016 first quarter results after the market closes on Monday, May 2, 2016. The release will be available shortly thereafter on the Company's investor relations website at http://invest.natl.com.
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
National Interstate Insurance Customers Win Industry Top Operator Awards
GlobeNewswire - Thu Apr 14, 3:30PM CDT
National Interstate Insurance Company ("National Interstate"
NATL: 31.05 (+0.06)
National Interstate Corporation Announces Formation of Special Committee to Review Proposal by American Financial Group, Inc.
GlobeNewswire - Wed Apr 06, 3:35PM CDT
National Interstate Corporation (Nasdaq:NATL) (National Interstate) announced that its board of directors appointed a special committee to consider the March 7, 2016, proposal from American Financial Group, Inc. (NYSE:AFG) to acquire all of the outstanding common shares of National Interstate not currently owned by AFG's wholly-owned subsidiary, Great American Insurance Company, for $30.00 per share in cash.
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
The Hartford Boosts Excess and Surplus Lines With Maxum
Zacks Equity Research - Zacks Investment Research - Fri Mar 18, 9:40AM CDT
The Hartford Financial Services Group, Inc. (HIG) inked a deal to buy Northern Homelands Company for $170 million in cash.
AFG: 73.30 (+1.00), SLF: 34.79 (+0.84), NATL: 31.05 (+0.06), HIG: 44.80 (+0.74)
National Interstate Corporation to Hold Annual Meeting of Shareholders on May 5, 2016
GlobeNewswire - Fri Mar 11, 3:35PM CST
National Interstate Corporation (Nasdaq:NATL) (the "Company"
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
Prudential Arm Adds Deutsche Bank Indian Asset Management
Zacks Equity Research - Zacks Investment Research - Wed Mar 09, 2:45PM CST
The global investment management businesses of Prudential Financial, Inc. (PRU) - PGIM - acquired Deutsche Bank's Indian asset management business.
PRU: 76.22 (+2.19), AFG: 73.30 (+1.00), NATL: 31.05 (+0.06), HIG: 44.80 (+0.74)
Lifshitz & Miller Law Firm Announces Investigation of API Technologies Corp., Apollo Education Group, Inc., Checkpoint Systems, Inc., ITC Holdings Corp., National Interstate Corporation, Newport Corporation, Talmer Bancorp, Inc. and Tumi Holdings, Inc.
PR Newswire - Wed Mar 09, 9:41AM CST
API Technologies Corp. (ATNY)
NEWP: 22.99 (-0.02), TLMR: 20.05 (+0.59), ITC: 45.77 (+0.20), TUMI: 26.70 (unch), APOL: 9.15 (+0.05), NATL: 31.05 (+0.06), CKP: 10.14 (unch), ATNY: 2.00 (+0.01)
American Financial to Buy P&C Insurer National Interstate
Zacks Equity Research - Zacks Investment Research - Tue Mar 08, 2:45PM CST
American Financial Group, Inc. (AFG) intends to acquire part of property & casualty insurer National Interstate Corporation (NATL) for $30.00 per share or $293 million in cash
AIZ: 86.53 (+0.38), AFG: 73.30 (+1.00), SLF: 34.79 (+0.84), NATL: 31.05 (+0.06)
Harwood Feffer LLP Announces Investigation of National Interstate Corporation
PR Newswire - Mon Mar 07, 4:29PM CST
Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of National Interstate Corporation ("National Interstate" or the "Company"
NATL: 31.05 (+0.06)
Robbins Arroyo LLP: Acquisition of National Interstate Corporation (NATL) by American Financial Group, Inc. (AFG) May Not Be in Shareholders' Best Interests
BusinessWire - Mon Mar 07, 3:37PM CST
Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of National Interstate Corporation (NASDAQ: NATL) by American Financial Group, Inc. (NYSE: AFG). On March 7, 2016, the two companies announced a proposal pursuant to which American Financial will acquire National Interstate. Under the terms of the proposal, National Interstate shareholders will receive $30.00 in cash for each share of National Interstate common stock.
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
National Interstate Shares Down -13.3% Since SmarTrend's Sell Call (NATL)
Comtex SmarTrend(R) - Mon Mar 07, 10:24AM CST
SmarTrend identified a Downtrend for National Interstate (NASDAQ:NATL) on January 7th, 2016 at $25.94. In approximately 2 months, National Interstate has returned 13.26% as of today's recent price of $29.38.
NATL: 31.05 (+0.06)
American Financial Group, Inc. Proposes to Acquire Public Minority Stake in National Interstate Corporation for $30.00 per Share in Cash
BusinessWire - Mon Mar 07, 7:00AM CST
American Financial Group, Inc. (NYSE: AFG) announced today that it has proposed to acquire all of the outstanding common shares of National Interstate Corporation (Nasdaq: NATL) that are not currently owned by AFG's wholly-owned subsidiary, Great American Insurance Company (GAIC), for $30.00 per share in cash.
AFG: 73.30 (+1.00), NATL: 31.05 (+0.06)
National Interstate Insurance Customers and Officer Land Top Industry Awards
GlobeNewswire - Wed Mar 02, 3:35PM CST
National Interstate Insurance Company ("National Interstate"
NATL: 31.05 (+0.06)
National Interstate Rewards Investors, Ups Dividend by 8%
Zacks Equity Research - Zacks Investment Research - Tue Mar 01, 2:40PM CST
The board of directors of National Interstate Corporation (NATL) approved a 7.8% hike in the company's dividend.
AGII: 51.30 (+0.60), AGO: 25.73 (+0.46), ALL: 67.71 (+0.69), NATL: 31.05 (+0.06)