Resurging Economy Bolster Sales, Demand - Research Report on Radian Group, PartnerRe, The Hanover Insurance Group, Alleghany and Allied World Assurance
* Reuters is not responsible for the content in this press release.
For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130320:nPn3207723 NEW YORK, March 20, 2013 /PRNewswire/ -- Today, Wall Street Source announced new research reports highlighting Radian Group Inc (NYSE:RDN), PartnerRe Ltd (NYSE:PRE), The Hanover Insurance Group, Inc. (NYSE:THG), Alleghany Corporation (NYSE:Y) and Allied World Assurance Co Holdings, AG. (NYSE:AWH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Radian Group Inc Research Report Radian Group has announced that it has brought in Phillip Bracken as its Chief Policy Officer for Government and Industry Relations, a newly created post where Bracken will be representing the company in the US Congress in an effort to create a more traditional balance between private and public capital in the mortgage finance market. Earlier this month, Radian's shares shot up 11 percent after Barclays upgraded the company as "overweight" from "underweight," citing more upside than downside existing in the sector and anticipates earnings of Radian as well as other mortgage insurers will normalize by 2015 as legacy losses are wiped off the books. The Barclays analyst placed a price target of $14 on Radian, or 42 percent upside from its share price that week. The Full Research Report on Radian Group Inc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/e1e9_RDN] -- PartnerRe Ltd Research Report Property-casualty and life reinsurer PartnerRe's board approved a new stock repurchase program worth 6 million shares earlier this month, effective March 6. The authorization supersedes the company's previous authorization of August 2012, where company previously bought back about 2.7 million shares for $218 million. The company has repurchased 0.4 million shares so far this year, leaving the aforementioned amount of available shares under the previous authorization. Last year, PartnerRe repurchased 7.1 million shares for $532.9 million, higher than $396.2 million of stock bought back in 2011. In addition, it also acquired Presidio Reinsurance Group for about $72 million plus tangible book value to further elevate its capital position. The Full Research Report on PartnerRe Ltd - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/de55_PRE] -- The Hanover Insurance Group, Inc. Research Report Hanover Insurance recently partnered with OMS National Insurance to create a program of comprehensive property and casualty insurance products and service solutions to the latter's insured oral and maxillofacial surgeons. The benefits include a Worker's Compensation group dividend program, replacement cost of +15% for defined dental equipment, increased electronic data, virus, and hacking coverage, among others to OMS National's clientele. Meanwhile, Hanover announced a quarterly dividend payout of 33 cents per share payable on March 29 to shareholders of record on March 15, 2013. The Full Research Report on The Hanover Insurance Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/5acb_THG] -- Alleghany Corporation Research Report Alleghany released its Q4 and full year 2012 results, posting a net loss of $92.6 million or $5.47 per share compared to net earnings of $37.7 million or $4.38 per share year over year, due to an after-tax underwriting loss of $267.8 million and after-tax investment income of $8.6 million from Superstorm Sandy. The results were also impacted by the company's merger with Transatlantic Holdings, Inc. which closed on March 6 last year, wherein the full year results included TransRe's operations subsequent to the closing date. For the full year, net earnings came in at $702.2 million or $45.48 per share, compared with $143.3 million or $16.26 per common share for 2011. The Full Research Alleghany Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/31e7_Y] -- Allied World Assurance Co Holdings, AG. Research Report Allied World Assurance's board proposed a 33% increase in its quarterly dividend recently, from 37.5 cents to 50 cents per share, which is still subject to approval by the company's shareholders at the Allied World 2013 Annual Shareholder Meeting to be held on May 2, 2013. The payments will be made from general legal reserve from capital contributions. If approved, the company's hike will translate into an annual dividend yield of 2.27 percent, based on the closing share price of $88.12 as of Mar 8. The current dividend yield is much lower at 1.70 percent. With that, Allied World will require $69.6 million for dividend payment in 2013, based on the 34.8 million shares outstanding as of Dec 31, 2012. The Full Research Report on Allied World Assurance Co Holdings, AG. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wallstsource.com/r/full_research_report/44cd_AWH] -- Consider Wall Street Source Tired of hearing about the latest, greatest trade opportunity... only to realize that the ship has long sailed? You need a strong, informative community in your arsenal. Join the group that has been consistently identifying momentous situations as they develop - long before they become the next top news on major financial networks. Contact: Joe Thomas Email: email@example.com Main: +1-310-496-8071 (North America) SOURCE Wall Street Source
- Insight: How U.S. spying cost Boeing multibillion-dollar jet contract
- Exclusive: Secret contract tied NSA and security industry pioneer |
- With Fed out of the way, what's next on Wall Street?
- Yemeni al Qaeda says attack on hospital was mistake
- Insight: For Chinese farmers, a rare welcome in Russia's Far East