Posts for Ticker ‘CNA’

Bernstein Dumps Insurers (ACE, ALL, CB, CNA, TRV, XL, AIG)

Burning_money_picFinancial stocks may have enjoyed sizable bounces from their lows in November and December, but not all analysts are following them up.  The insurrance sector and some of the re-insurance names have been downgraded by Bernstein.  Here are the following calls we have seen from their report:

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Posted on: January 6, 2009 – 7:56 am in Analyst Calls, Financial Stocks, , , , , , ,

Insurers Sell Risk Management Via Verisk IPO (HIG, TRV, CNA, AFG, AIG, ACE)

Verisk_logoA company called Verisk Analytics Inc. has filed to come public via an initial public offering in a securities sale of up to $750 million worth of class A common stock.  The company did not provide any reference on the shares being offered nor any price indications.  This is an amalgamated risk management company that is actually owned by many insurance and financial companies as follows:

  • Hartford Financial Services Group Inc. (NYSE: HIG)
  • The Travelers Companies, Inc. (NYSE: TRV)
  • CNA Financial Corporation (NYSE: CNA)
  • American Financial Group, Inc. (NYSE: AFG)
  • American International Group, Inc. (NYSE: AIG)
  • ACE Group Holdings, Inc. (NYSE: ACE)

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Posted on: August 13, 2008 – 2:08 pm in Financial Stocks, IPOs, , , , , , ,

The 52-Week Low Club (AIG)(PRU)(ALL)(NURO)

American International Group (NYSE: AIG) Warns about more potentia write-offs and bad financial controls. Falls to $44.52 from 52-week high of $72.97.

PNM Res (NYSE: PNM) Numbers miss Wall St. estimates. Drops to $13.31 from 52-week high of $34.28.

CNA Financial (NYSE: CNA) Profits drop on investment losses. Shares sell off to $25.17 from 52-week high of $51.96.

Prudential NYSE: PRU) Industry woes and still slipping from earnings. Down to $66.76 from 52-week high of $103.27.

UBS (NYSE: UBS), Allstate (NYSE: ALL), and HSBC (NYSE: HBC) also all hit new lows.

Neurometrix (NASDAQ:NURO) Appears one of the company’s medical devices did not get approval. Falls to $5.25 from 52-week high $12.10.

Syntax Brillian NASDAQ: BRLC)  Delays filing results. Drops to $1.88 from 52-week high of $9.08.

Douglas A. McIntyre

Posted on: February 11, 2008 – 3:58 pm in HI/LOW, , , , , , , , ,