Dividends, Financial Results, Conference Calls Schedules, and Share Repurchase Programs - Research Report on AIG, Axis, MBIA, Validus, and Alleghany
NEW YORK, November 7, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting American International Group, Inc. (NYSE: AIG), Axis Capital Holdings Limited (NYSE: AXS), MBIA Inc. (NYSE: MBI), Validus Holdings, Ltd. (NYSE: VR), and Alleghany Corp. (NYSE: Y). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
American International Group, Inc. Research Report
On October 31, 2013, American International Group, Inc.'s (AIG) Board of Directors announced a dividend of $0.10 per share on AIG common stock, par value $2.50 per share. According to the Company, stockholders of record at the close of business on Thursday, December 5, 2013 will be paid the dividends on Thursday, December 19, 2013. The Full Research Report on American International Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/9065_AIG]
Axis Capital Holdings Limited Research Report
On October 30, 2013, Axis Capital Holdings Limited (Axis) reported its financial results for Q3 2013. The Company posted total revenues of $1.0 billion, up 2.6% YoY. Axis reported net income available to common shareholders of $137.1 million, or $1.21 per diluted common share in Q3 2013, versus $223.4 million, or $1.82 per diluted common share in Q3 2012. Albert Benchimol, President and CEO of Axis commented, "We're pleased to announce a very good quarter on all fronts. Our annualized operating return on average common equity was 15.6% for the quarter and our diluted book value per share increased 4.5%, with strong contributions from both underwriting and investments. We are confident our risk selection, combined with our disciplined attention to portfolio construction, will positively differentiate our Company and shareholder returns over the longer term. Our recent upgrade to A+ by A.M. Best is another testimony to our strong track record and the value of our global franchise in the marketplace." The Full Research Report on Axis Capital Holdings Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/5735_AXS]
MBIA Inc. Research Report
On November 4, 2013, MBIA Inc. (MBIA) reported that it will host a webcast and conference call for investors on Wednesday, November 13, 2013 at 8:00 a.m. EST to discuss its Q3 2013 financial results, along with other issues related to the Company, which will be followed by Q&A session. MBIA informed that a press release regarding its Q3 2013 financial results along with a Q3 2013 Operating Supplement will be made available at the Company's website after 4:00 p.m. EST on Tuesday, November 12, 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.AnalystsCorner.com/r/full_research_report/a09d_MBI]
Validus Holdings, Ltd. Research Report
On November 4, 2013, Validus Holdings, Ltd. (Validus) reported that its Board of Directors has authorized an increase in the Company's common share repurchase authorization to $500.0 million. Jeff Sangster, Validus' CFO, said, "The increase in Validus' common share repurchase authorization to $500 million is an affirmation of our commitment to return excess capital to shareholders. This authorization gives us the flexibility to manage capital prudently as conditions warrant." The Full Research Report on Validus Holdings, Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/5ea1_VR]
Alleghany Corp. Research Report
On November 4, 2013, Alleghany Corp. (Alleghany) reported its financial results for Q3 2013 and 9M 2013. Alleghany declared net earnings of $113.4 million, or $6.75 per diluted share for Q3 2013, versus $125.4 million or $7.41 per diluted share for Q3 2012. The Company also reported net earnings of $423.4 million, or $25.20 per diluted share in 9M 2013, versus $794.9 million, or $53.14 per diluted share in 9M 2012. Weston M. Hicks, President and CEO of Alleghany said, "Alleghany has generated solid year-to-date performance, growing book value per share by 5.7%. This result was driven by our strong year to date underwriting performance, highlighted by an 89.9% combined ratio, and the total return on our investment portfolio, which increased by 1.7% over the same period due largely to strong equity returns. Looking more closely at the third quarter, our results included strong investment returns and mixed underwriting performance." The Full Research Report on Alleghany Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
[http://www.AnalystsCorner.com/r/full_research_report/35e7_Y]
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