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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


News provided by

Investors' Reports

Aug 05, 2013, 08:00 ET

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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:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

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.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE Investors' Reports

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