A.M. Best Affirms Ratings of National General Holdings Corp. and its Subsidiaries
BusinessWire - Tue Aug 30, 2:57PM CDT
A.M. Best has affirmed the financial strength ratings of A- (Excellent) and the issuer credit rating (ICR) of "a-" of Integon National Insurance Company and its pooling affiliates (collectively referred to as National General Group), Agent Alliance Insurance Company and Century-National Insurance Company. The companies are subsidiaries of National General Holdings Corp. (NGHC) [NASDAQ:NGHC] (headquartered in New York, NY). A.M. Best has also affirmed the ICR of "bbb-" of NGHC and its issue ratings and indicative issue ratings. The outlook for each rating is stable. (See below for a detailed listing of companies and ratings.)
NGHC: 22.72 (-0.07)
National General Holdings Corp. to Present at the KBW 2016 Insurance Conference on Wednesday, September 7, 2016
GlobeNewswire - Mon Aug 29, 1:30PM CDT
National General Holdings Corp. (NASDAQ:NGHC) announced today that it will present at the Keefe, Bruyette & Woods 2016 Insurance Conference which will be held in New York, New York on September 7 and 8, 2016. National General's Chief Financial Officer Mike Weiner is scheduled to present at 8:00 A.M. ET on Wednesday, September 7, 2016.
NGHC: 22.72 (-0.07)
National General Holdings Corp. Announces Dividend Increase on Common Stock of 33% to $0.04 per share
GlobeNewswire - Thu Aug 04, 2:00PM CDT
National General Holdings Corp. (NASDAQ:NGHC) today announced that its Board of Directors approved quarterly dividends on the company's common and preferred stock as follows:
NGHC: 22.72 (-0.07)
National General Holdings Corp. Reports Second Quarter 2016 Results
GlobeNewswire - Mon Aug 01, 4:15PM CDT
National General Holdings Corp. (NASDAQ:NGHC) today reported second quarter 2016 net income of $44.3 million or $0.41 per diluted share, compared to $33.8 million or $0.35 per diluted share in the second quarter of 2015. Second quarter 2016 operating earnings was $46.4 million or $0.43 per diluted share, compared to $36.1 million or $0.38 per diluted share in the second quarter of 2015.
NGHC: 22.72 (-0.07)
XL Group to Change its Place of Incorporation to Bermuda
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 7:43AM CDT
XL Group plc (XL) will re-domesticate to Bermuda from Ireland as its shareholders have approved of the move.
CINF: 77.26 (+0.15), NGHC: 22.72 (-0.07), XL: 34.33 (+0.10), MKL: 929.54 (-1.57)
Chubb (CB) & its Subsidiaries See Rating Action by A.M. Best
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 7:01AM CDT
A.M. Best reiterated the financial strength rating of A++ (Superior) of most subsidiaries of Chubb Limited (CB). With this, the rating agency removed the subsidiaries from under review with negative implications.
CINF: 77.26 (+0.15), NGHC: 22.72 (-0.07), CB: 127.10 (+0.17), MKL: 929.54 (-1.57)
AmTrust Financial Units' Ratings Affirmed by A.M. Best
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:33AM CDT
The units of AmTrust Financial Services, Inc. (AFSI) recently received rating action from A.M. Best Company. The units, Springfield Insurance and Heritage Indemnity, were acquired by the company.
AFSI: 26.35 (-0.14), NGHC: 22.72 (-0.07), NMIH: 7.98 (+0.04), MKL: 929.54 (-1.57)
AXIS Capital Ramping Up Global Business: Time to Hold?
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:35AM CDT
On Jun 20, 2016, we issued an updated research report on AXIS Capital Holdings Limited (AXS).
AXS: 56.62 (-0.25), NGHC: 22.72 (-0.07), Y: 528.32 (-7.88), MKL: 929.54 (-1.57)
Intercontinental Exchange to Buy Majority Stake in MERS
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 3:44PM CDT
Intercontinental Exchange, Inc. (ICE) recently entered into an agreement with MERSCORP Holdings, Inc. to acquire a majority equity position in Mortgage Electronic Registrations Systems, Inc., which is owned by the latter.
NGHC: 22.72 (-0.07), ICE: 284.35 (+2.33), NMIH: 7.98 (+0.04), MKL: 929.54 (-1.57)
Progressive (PGR) May Earnings Fall, Revenues Improve
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 8:09AM CDT
Progressive's (PGR) operating earnings for May 2016 came in at 11 cents per share, down 15.4% from 13 cents earned in the year-ago month. Increase in expenses offset revenue improvement and resulted in earnings decline.
PGR: 32.52 (-0.04), CINF: 77.26 (+0.15), NGHC: 22.72 (-0.07), MKL: 929.54 (-1.57)
Mercury General & Units Receive Rating Action from A.M. Best
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 11:16PM CDT
Mercury General Corporation (MCY) recently received rating action from A.M. Best. The rating agency revised the company's outlook to negative from stable as well as affirmed the ICR of "a-."
NGHC: 22.72 (-0.07), NMIH: 7.98 (+0.04), MCY: 54.19 (-0.11), MKL: 929.54 (-1.57)
American Financial Eyes Growth Despite Cat Loss Exposure
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 9:33AM CDT
On Jun 16, 2016, we issued an updated research report on American Financial Group Inc. (AFG).
AFG: 74.85 (-0.30), NGHC: 22.72 (-0.07), NMIH: 7.98 (+0.04), MKL: 929.54 (-1.57)
Cincinnati Financial Well Poised: Is it in Your Portfolio?
Zacks Equity Research - Zacks Investment Research - Thu Jun 09, 8:13AM CDT
On Jun 9, 2016, we issued an updated research report on Cincinnati Financial Corporation (CINF).
CINF: 77.26 (+0.15), NGHC: 22.72 (-0.07), NMIH: 7.98 (+0.04), MKL: 929.54 (-1.57)
The Zacks Analyst Blog Highlights: Erste Group Bank, First Bancorp, KCG Holdings and National General Holdings
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:30AM CDT
The Zacks Analyst Blog Highlights: Erste Group Bank, First Bancorp, KCG Holdings and National General Holdings
KCG: 14.35 (-0.10), NGHC: 22.72 (-0.07), FBP: 4.83 (-0.07)
Fed Hike Still in the Cards? 4 Stocks that Stand to Gain
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 1:16PM CDT
With the interest rates still on an upward trajectory, investors can consider these finance stocks that are set to benefit directly from the same.
KCG: 14.35 (-0.10), NGHC: 22.72 (-0.07), FBP: 4.83 (-0.07)
National General to Present at William Blair 36th Annual Growth Stock Conference
GlobeNewswire - Tue Jun 07, 11:20AM CDT
National General Holdings Corp. (Nasdaq:NGHC) today announced that it will present at the 36th Annual William Blair Growth Stock Conference which will be held on June 14-16, 2016 in Chicago, Illinois. National General Chief Financial Officer Mike Weiner is scheduled to present at 8:40 A.M. CT on Wednesday, June 15, 2016.
NGHC: 22.72 (-0.07)
National General to Present at Morgan Stanley Financials Conference
GlobeNewswire - Tue Jun 07, 11:20AM CDT
National General Holdings Corp. (Nasdaq:NGHC) today announced that it will present at the 2016 Morgan Stanley Financials Conference which will be held on June 14-16, 2016 in New York, New York. National General Chief Financial Officer Mike Weiner is scheduled to present at 1:55 P.M. ET on Tuesday, June 14, 2016.
NGHC: 22.72 (-0.07), MS: 31.91 (-0.15)
A.M. Best Removes From Under Review and Downgrades Ratings of Century-National Insurance Company
BusinessWire - Tue Jun 07, 8:19AM CDT
A.M. Best has removed from under review with negative implications and downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to "a-" from "a" of Century-National Insurance Company (CNIC) (Van Nuys, CA). The outlook assigned to each rating is stable.
NGHC: 22.72 (-0.07)
Cincinnati Financial (CINF) Hits 52-Week High on Strong Q1
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 7:19AM CDT
On Jun 6, 2016, shares of Cincinnati Financial Corp. (CINF) hit a 52-week high of $69.81, driven by better-than-expected first-quarter 2016 results.
CINF: 77.26 (+0.15), NGHC: 22.72 (-0.07), MKL: 929.54 (-1.57), MCO: 108.55 (-0.14)
Should You Dump Berkshire Hathaway (BRK.
Zacks Equity Research - Zacks Investment Research - Wed Jun 01, 9:00AM CDT
On May 31, 2016, we issued an updated research report on Berkshire Hathaway Inc. (BRK.
CINF: 77.26 (+0.15), NGHC: 22.72 (-0.07), BRK.B: 150.35 (-0.14), MKL: 929.54 (-1.57)