Assurant shares could double-Barron's
NEW YORK, June 25 Insurer Assurant Inc's shares could double because it is emphasizing fee-based businesses while lowering its exposure to its riskier underwriting business, according to a report in Barron's.
* Q1 loss/shr $0.28 vs $0.09 last year
* Q1 rev down 39 pct to $52.6 mln
May 9 Drybulk shipper Eagle Bulk Shipping Inc posted a wider quarterly loss as the oversupply-hit sector continues to be plagued by depressed rates.
January-March net loss widened to $17.4 million, or 28 cents per share, from $5.8 million, or 9 cents per share, a year ago.
Revenue fell 39 percent to $52.6 million.
Analysts on average had expected a loss of 33 cents per share on revenue of $46 million, according to Thomson Reuters I/B/E/S.
Eagle Bulk Shipping's fleet utilization fell to 98.7 percent from 99 percent a year earlier.
The company's shares, which have gained about 37 percent of their value over the past four months, closed at $1.20 on Wednesday on the Nasdaq.
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.