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Insurance Companies Declare Financial Results, Share Repurchase Programs, and Dividends - Research Report on Cincinnati Financial, AmTrust Financial, Loews, First American Financial, and Platinum


News provided by

Analysts' Corner

Aug 09, 2013, 08:00 ET

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NEW YORK, August 9, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Cincinnati Financial Corp. (NASDAQ: CINF), AmTrust Financial Services, Inc. (NASDAQ: AFSI), Loews Corporation (NYSE: L), First American Financial Corporation (NYSE: FAF), and Platinum Underwriters Holdings Ltd. (NYSE: PTP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Cincinnati Financial Corp. Research Report

On July 25, 2013, Cincinnati Financial Corp. (Cincinnati Financial) released its Q2 2013 financial results with revenue up 8.2% YoY to $1.1 billion. The Company's reported net income was $110 million or $0.66 per diluted share, compared to $32 million or $0.20 per diluted share in Q2 2012. According to Steven J. Johnston, President and CEO of Cincinnati Financial, "On both a net and operating basis, our earnings rose to the best level for any second quarter and any first half since 2007. Higher insurance underwriting profits drove the improvement, with pretax income from our investment portfolio also contributing at nearly the same satisfactory level reported for last year's second quarter. 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. We continue to invest capital and effort to improve our risk knowledge, our analytics and the technology we need to further streamline pricing, policy processing and customer service." 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.analystscorner.com/r/full_research_report/9b40_CINF]

AmTrust Financial Services, Inc. Research Report

On August 6, 2013, AmTrust Financial Services, Inc. (AmTrust Financial) announced that its Board of Directors have declared a stock dividend of 10% or 0.10 shares for each common share, payable on September 4, 2013, to shareholders of record as of August 20, 2013. Commenting on the announcement, Barry Zyskind, CEO of AmTrust Financial, said, "We believe a stock dividend is an excellent vehicle for rewarding our shareholders and building shareholder value. We are confident in our ability to grow our business profitably to offset the dilutive impact of a stock dividend to earnings per share." 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.analystscorner.com/r/full_research_report/e570_AFSI]

Loews Corporation Research Report

On July 29, 2013, Loews Corporation (Loews) reported its Q2 2013 financial results with total revenues up 10.6% YoY to $3.7 billion. The Company's net income attributable to Loews was reported at $269 million or $0.69 per diluted share in Q2 2013, compared to $56 million or $0.14 per diluted share in Q2 2012. The Company also informed that post Q2 2013 it has repurchased 0.8 million shares of its common stock at an aggregate cost of $37 million, from July 1, 2013 to July 25, 2013. The Full Research Report on Loews Corporation - 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/3dcb_L]

First American Financial Corporation Research Report

On July 25, 2013, First American Financial Corporation (First American Financial) released its Q2 2013 financial results. The Company's reported total revenues went up by 18.2% YoY to $1.3 billion and net income attributable to the Company was $34.7 million or earnings of $0.31 per diluted share, compared to $73 million or earnings of $0.68 per diluted share. According to Dennis J. Gilmore, CEO for First American Financial, "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.analystscorner.com/r/full_research_report/7aa2_FAF]

Platinum Underwriters Holdings Ltd. Research Report

On July 24, 2013, Platinum Underwriters Holdings Ltd. (Platinum) announced that it has increased the authorized amount under its current share repurchase program to a total of up to $250 million of its common shares. The Company stated that depending on market conditions, repurchases under the program can be made in open market or privately negotiated transactions or otherwise, every now and then, depending on market conditions. Platinum also announced that the Company's Board of Directors has declared a quarterly dividend of $0.08 per common share which is payable on September 30, 2013, to shareholders of record as of 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.analystscorner.com/r/full_research_report/d342_PTP]

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].
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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.

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