05.08.2013 14:00:00
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Financial Results, Conference Calls, Corporate Announcements, and Agreements - Research Report on Platinum, MBIA, Cincinnati Financial, First American Financial, and AmTrust Financial Services
NEW YORK, August 5, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Platinum Underwriters Holdings Ltd. (NYSE: PTP), MBIA Inc. (NYSE: MBI), Cincinnati Financial Corp. (NASDAQ: CINF), First American Financial Corporation (NYSE: FAF), and AmTrust Financial Services, Inc. (NASDAQ: AFSI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Platinum Underwriters Holdings Ltd. Research Report
On July 24, 2013, Platinum Underwriters Holdings Ltd. (Platinum) announced that it has increased the authorized amount to a total of up to $250.0 million of its common shares under its existing share repurchase program. Under the program, repurchases may be made in open market or privately negotiated transactions or otherwise, periodically, depending on market conditions. In the same release, Platinum reported that its Board of Directors has declared a quarterly dividend of $0.08 per common share and is payable on September 30, 2013, to shareholders of record on September 3, 2013. The Full Research Report on Platinum Underwriters Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/PTP]
MBIA Inc. Research Report
On July 31, 2013, MBIA Inc. (MBIA) announced that it will host a webcast and conference call for investors to discuss its Q2 2013 financial results and other issues related to the Company, on August 8, 2013, at 8:00 a.m. EDT. The conference call will include brief comments on the Q2 2013 results followed by a question and answer session for investors. Additionally, press release of MBIA's Q2 2013 financial results will be issued and its Q2 2013 Operating Supplement will be posted on the Company website after 4:00 p.m. EDT, on August 7, 2013. A replay of the conference call will be available an hour after the completion of the call on August 8, 2013 through 11:59 p.m. of August 22, 2013. The Full Research Report on MBIA Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/MBI]
Cincinnati Financial Corp. Research Report
On July 25, 2013, Cincinnati Financial Corp. (Cincinnati Financial) reported its financial results for Q2 2013. Total revenue increased 8.2% YoY to $1.1 billion. Net income was $110 million or $0.66 per diluted share, up compared to net income of $32 million or $0.20 per diluted share in Q2 2012. Steve J. Johnston, President and Chief Executive Officer, said, "On both a net and operating basis, our earnings rose to the best level for any second quarter and any first half since 2007. Our $34 million underwriting profit was the first second-quarter gain we've reported in six years, making this the sixth quarter out of the past seven with underwriting profit." The Full Research Report on Cincinnati Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/CINF]
First American Financial Corporation Research Report
On July 25, 2013, First American Financial Corporation (First American Financial) reported its financial results for Q2 2013. Revenue increased 18.2% YoY to $1.3 billion. Net income was $34.7 million or $0.31 per diluted share, compared to net income of $73.0 million or $0.68 per diluted share in Q2 2012. Dennis J. Gilmore, Chief Executive Officer for First American Financial, said, "Our business gained momentum in the second quarter as the housing market continued to improve. Strength in our title insurance segment drove revenue up 18 percent. Our commercial division's performance was particularly strong, with revenues up 35 percent compared with last year." The Full Research Report on First American Financial Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/FAF]
AmTrust Financial Services, Inc. Research Report
On July 29, 2013, AmTrust Financial Services, Inc. (AmTrust Financial Services) announced that one of its wholly-owned subsidiaries has entered into an agreement with Sagicor Financial Corporation, to acquire Sagicor Europe Limited (SEL) and its wholly-owned subsidiaries including Sagicor at Lloyd's Limited for approximately £56 million, £15 million above SEL's net asset value as of December 31, 2012. According to AmTrust Financial Services' President and CEO Barry Zyskind, "We are excited about the addition of SEL's managing agency and Lloyd's syndicates to our organization. Access to Lloyd's global resources greatly expands the capabilities of our insurance business. Lloyd's brand, rating, and efficient capital structure contributes significantly to our global insurance platform. We believe the combined organizations' talent, experience and commitment to underwriting discipline will enhance shareholder value." The Full Research Report on AmTrust Financial Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/AFSI]
EDITOR NOTES:
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Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
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SOURCE Investors' Reports
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Aktien in diesem Artikel
Cincinnati Financial Corp. | 149,70 | 1,73% | |
First American Financial Corp | 67,64 | 1,84% | |
MBIA Inc. | 6,65 | 6,40% |