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]
--
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SOURCE Wall Street Source