|Bid||44.74 x 800|
|Ask||61.76 x 800|
|Day's Range||53.83 - 54.95|
|52 Week Range||41.40 - 61.83|
|Beta (3Y Monthly)||-0.15|
|PE Ratio (TTM)||31.19|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||2.51 (4.58%)|
|1y Target Est||61.50|
Travelers Companies' (TRV) solid segmental performance and capital position make the stock apt to hold despite exposure to catastrophe losses.
On comparative scales of judgment, we try and find out which stock ??? First American (FAF) or RenaissanceRe Holdings (RNR) ??? is a more profitable bet in view of the fundamentals.
Third Point Reinsurance (TPRE) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
AM Best has downgraded the Financial Strength Rating (FSR) to A (Excellent) from A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a+” from “aa-” for the members of Mercury Casualty Group (Mercury) (headquartered in Los Angeles, CA). Concurrently, AM Best has downgraded the Long-Term ICR to “bbb+” from “a-” of the organization’s publicly traded ultimate parent, Mercury General Corporation (MGC) (Los Angeles, CA) [NYSE: MCY]. In addition, AM Best has downgraded the Long-Term Issue Credit Rating to “bbb+” from “a-” on MGC’s $375 million 4.4% senior unsecured notes due 2027.
Higher premiums, improved investment results and a sturdy liquidity position help Mercury General (MCY) surface as a prospective bet for yield-seeking investors.
Chubb's (CB) preliminary net loss estimates for the fourth quarter of 2018 might mar the prospects of its next earnings release, thereby rendering volatility to underwriting income.
Mercury General's (MCY) $253 million in cat loss from California wildfires will likely induce deterioration in combined ratio in the fourth-quarter of 2018.
AmTrust Financial Services (AFSI) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.
The Company estimates that its pre-tax total gross losses, before reinsurance benefits, from the Camp Fire in Northern California and the Woolsey Fire in Southern California will be approximately $207 million and $46 million, respectively. The Company estimates that its pre-tax total loss, net of reinsurance benefits, from these two events will be approximately $37 million, representing $20 million for the Company's initial reinsurance retention for the two catastrophe events, $10 million for each event, approximately $10.5 million Company retention from the first layer of reinstated reinsurance limit previously used up, and approximately $6.5 million Company retention for the Camp Fire (representing 5% coverage by reinsurance and 95% retention by the Company of the $7 million of losses in excess of $200 million, as further discussed below).
AXIS Capital's (AXS) expected cat loss of $100 million to $120 million stemming from Hurricane Michael could weigh on fourth-quarter underwriting profitability.
W.R. Berkley's (WRB) approval of 50 cents per share in special dividend reflects its operational excellence as well as prudent capital management.
Concerns regarding global growth slowdown fueled by slump of crude oil prices, lower guidance from technology companies and surge in U.S. dollar are the primary causes behind the recent volatility.
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. S&P 500 Index ETF (SPY) lost 8.7% through October 26. 40% of the S&P 500 constituents are down more than 10%. The average return of a randomly picked stock in […]
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Mercury General (MCY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.