Breaking News Instant updates and real-time market news.

VR

Validus

$46.35

-0.82 (-1.74%)

18:23
12/07/17
12/07
18:23
12/07/17
18:23

Validus sees $30M net impact from October 2017 California Wildfires

Validus provided an initial estimate of Validus' net losses from the October 2017 California Wildfires and commented on the current U.S. House and Senate tax reform bills. Validus expects the net impact from the October 2017 California Wildfires to be $30M. This estimate is based on Validus' current evaluation of impacted contracts and information provided by customers and intermediaries. Validus' actual loss from this event may vary materially from this estimate due to uncertainties inherent in this preliminary information. The company also announced today that, based on the text of the current U.S. House and Senate tax reform bills, it does not expect the potential changes to U.S. tax law to have a material impact on the company's results of operations.

  • 07

    Dec

  • 02

    Feb

VR Validus
$46.35

-0.82 (-1.74%)

09/11/17
LEHM
09/11/17
NO CHANGE
LEHM
Irma and Harvey insured losses expected to top $100B, says Barclays
Barclays analyst Jay Gelb notes initial indications are Hurricane Irma's impact on Florida could result in insured losses of up to $60B. Irma will likely be the largest storm to ever impact the U.S., although not as bad as if Miami suffered a direct hit, Gelb tells investors in a research note on the insurance space titled "Devastating Irma Impact on Insurers, But It Could Have Been Worse." All in, Irma and Harvey insured losses are expected to exceed $100B, Gelb points out. He believes the re/insurance stocks could suffer from near-term uncertainty regarding the extent of losses. Of the names he covers, the analyst expects Everest Re (RE), XL Group (XL), RenaissanceRe (RNR), Validus (VR) and Aspen Insurance (AHL) "to take the brunt of Irma losses." Book value declines of more than 20% could require equity capital raises, Gelb contends. He says Chubb (CB), Travelers (TRV) and Hartford Financial (HIG) have relatively less exposure while AIG (AIG) could have greater losses among the primary insurers.
09/11/17
JPMS
09/11/17
NO CHANGE
JPMS
Irma losses could be lower than expected, says JPMorgan
JPMorgan analyst Sarah DeWitt believes losses from Hurricane Irma could be at the lower end of the $20B-$60B expected range since the storm weakened faster than expected. The analyst estimates the impact to book values for the companies she covers should be a "manageable" 1%-2%. Among the property casualty insurers, the analyst views Validus (VR), Everest Re (RE) and XL Group (XL) as the most oversold. She lists those three along with RenaissanceRe (RNR), Travelers (TRV), Arch Capital (ACGL), Chubb (CB), Allstate (ALL) and Progressive (PGR) as the P&C insurers with the most exposure to U.S. hurricanes.
09/11/17
BUCK
09/11/17
INITIATION
Target $52
BUCK
Buy
Validus initiated with a Buy at Buckingham
Buckingham analyst Amit Kumar initiated Validus with a Buy and a $52 price target.
09/21/17
UBSW
09/21/17
NO CHANGE
Target $50
UBSW
Neutral
Validus net exposure to hurricanes lower than anticipated, says UBS
After hosting meetings with Validus' CFO, UBS analyst Brian Meredith said his prior loss estimate for Hurricane Harvey and Irma was too high given the company's amount of retrocessional and reinsurance protection and its minimal exposure to the Caribbean. He lowered his forecast for Q3 catastrophe losses to $412M from $613M. Meredith keeps a Neutral rating on Validus shares.

TODAY'S FREE FLY STORIES

WFC

Wells Fargo

$51.55

1.16 (2.30%)

, RGR

Sturm, Ruger

$55.95

-0.2 (-0.36%)

17:26
04/19/18
04/19
17:26
04/19/18
17:26
Hot Stocks
Teachers union AFT severs relationship with Wells Fargo over guns »

American Federation of…

WFC

Wells Fargo

$51.55

1.16 (2.30%)

RGR

Sturm, Ruger

$55.95

-0.2 (-0.36%)

VSTO

Vista Outdoor

$17.65

-0.62 (-3.39%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Apr

  • 24

    Apr

  • 01

    May

  • 30

    May

KFY

Korn/Ferry

$55.23

0.49 (0.90%)

17:24
04/19/18
04/19
17:24
04/19/18
17:24
Conference/Events
Korn/Ferry management to meet with William Blair »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Apr

CLW

Clearwater Paper

$40.45

0.05 (0.12%)

17:19
04/19/18
04/19
17:19
04/19/18
17:19
Earnings
Clearwater Paper sees Q2 adjusted EPS 13c-46c, may not compare to consensus 78c »

Sees Q2 revenue growth…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Apr

CWH

Camping World

$27.67

-0.5 (-1.77%)

17:18
04/19/18
04/19
17:18
04/19/18
17:18
Hot Stocks
Camping World announces expansion with new SuperCenters »

Camping World…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    May

XOG

Extraction Oil & Gas

$13.66

-0.12 (-0.87%)

17:18
04/19/18
04/19
17:18
04/19/18
17:18
Hot Stocks
Breaking Hot Stocks news story on Extraction Oil & Gas »

Luminus Energy Partners…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    May

  • 15

    May

WSBC

WesBanco

$44.25

1.24 (2.88%)

, FFKT

Farmers Capital Bank

$42.40

0.45 (1.07%)

17:17
04/19/18
04/19
17:17
04/19/18
17:17
Hot Stocks
WesBanco to add Farmers Capital Bank director to board with merger »

Upon completion of the…

WSBC

WesBanco

$44.25

1.24 (2.88%)

FFKT

Farmers Capital Bank

$42.40

0.45 (1.07%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 12

    Sep

  • 24

    Sep

ES

Eversource

$59.85

-0.06 (-0.10%)

, CTWS

Connecticut Water

$64.54

-0.01 (-0.02%)

17:14
04/19/18
04/19
17:14
04/19/18
17:14
Hot Stocks
Eversource offers to acquire Connecticut Water for $63.50 per share »

Eversource Energy (ES)…

ES

Eversource

$59.85

-0.06 (-0.10%)

CTWS

Connecticut Water

$64.54

-0.01 (-0.02%)

SJW

SJW Corp.

$56.09

0.62 (1.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 02

    May

  • 07

    May

  • 10

    May

  • 15

    May

ES

Eversource

$59.85

-0.06 (-0.10%)

, CTWS

Connecticut Water

$64.54

-0.01 (-0.02%)

17:13
04/19/18
04/19
17:13
04/19/18
17:13
Hot Stocks
Breaking Hot Stocks news story on Eversource, Connecticut Water, SJW Corp. »

Eversource offers to…

ES

Eversource

$59.85

-0.06 (-0.10%)

CTWS

Connecticut Water

$64.54

-0.01 (-0.02%)

SJW

SJW Corp.

$56.09

0.62 (1.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Apr

  • 02

    May

  • 07

    May

  • 10

    May

  • 15

    May

HOS

Hornbeck Offshore

$3.74

0.11 (3.03%)

17:12
04/19/18
04/19
17:12
04/19/18
17:12
Hot Stocks
Breaking Hot Stocks news story on Hornbeck Offshore »

Solus reports 8.9%…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

RTN

Raytheon

$228.05

0.99 (0.44%)

17:11
04/19/18
04/19
17:11
04/19/18
17:11
Hot Stocks
Raytheon awarded $136.5M U.S. Navy contract »

Raytheon Co is awarded a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

VLO

Valero

$108.14

0.595 (0.55%)

17:09
04/19/18
04/19
17:09
04/19/18
17:09
Conference/Events
Valero management to meet with Morgan Stanley »

Meeting to be held in San…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Apr

  • 26

    Apr

  • 22

    May

WSBC

WesBanco

$44.25

1.24 (2.88%)

, FFKT

Farmers Capital Bank

$42.40

0.45 (1.07%)

17:06
04/19/18
04/19
17:06
04/19/18
17:06
Hot Stocks
Farmers Capital Bank to merge into WesBanco »

WesBanco (WSBC) and…

WSBC

WesBanco

$44.25

1.24 (2.88%)

FFKT

Farmers Capital Bank

$42.40

0.45 (1.07%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    May

  • 12

    Sep

  • 24

    Sep

SSW

Seaspan

$7.03

0.065 (0.93%)

17:05
04/19/18
04/19
17:05
04/19/18
17:05
Upgrade
Seaspan rating change  »

Deutsche sees 85% upside…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Apr

BDN

Brandywine Realty

$15.41

-0.06 (-0.39%)

17:04
04/19/18
04/19
17:04
04/19/18
17:04
Earnings
Brandywine Realty narrows FY18 FFO view to $1.34-$1.42 from $1.33-$1.43 

Consensus $1.37.

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Apr

JLL

Jones Lang LaSalle

$175.98

1.15 (0.66%)

17:04
04/19/18
04/19
17:04
04/19/18
17:04
Conference/Events
Jones Lang LaSalle management to meet with Evercore ISI »

Meeting to be held in New…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Apr

  • 08

    May

BDN

Brandywine Realty

$15.41

-0.06 (-0.39%)

17:03
04/19/18
04/19
17:03
04/19/18
17:03
Earnings
Brandywine Realty reports Q1 FFO 32c, consensus 32c »

Reports Q1 revenue…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Apr

PIR

Pier 1 Imports

$2.72

-0.745 (-21.50%)

16:59
04/19/18
04/19
16:59
04/19/18
16:59
Recommendations
Pier 1 Imports analyst commentary  »

Pier 1 Imports price…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Apr

HASI

Hannon Armstrong

$19.66

0.03 (0.15%)

16:56
04/19/18
04/19
16:56
04/19/18
16:56
Hot Stocks
Hannon Armstrong, Counterpointe expand C-PACE partnership »

Hannon Armstrong, in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PF

Pinnacle Foods

$55.20

-1.48 (-2.61%)

16:52
04/19/18
04/19
16:52
04/19/18
16:52
Hot Stocks
Breaking Hot Stocks news story on Pinnacle Foods »

Pinnacle Foods up 7% to…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    May

HRI

Herc Holdings

$63.71

-1.34 (-2.06%)

16:51
04/19/18
04/19
16:51
04/19/18
16:51
Downgrade
Herc Holdings rating change  »

Herc Holdings downgraded…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 18

    May

ALB

Albemarle

$98.55

-0.26 (-0.26%)

16:50
04/19/18
04/19
16:50
04/19/18
16:50
Hot Stocks
Albemarle declare a force majeure because of urethane raw material shortage »

Albemarle announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    May

  • 30

    May

WMGI

Wright Medical

$19.60

-0.44 (-2.20%)

16:50
04/19/18
04/19
16:50
04/19/18
16:50
Options
Straddle sale in Wright Medical opens November at-the-money position »

Straddle sale in Wright…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Apr

  • 09

    May

  • 14

    May

FB

Facebook

$168.11

1.73 (1.04%)

16:49
04/19/18
04/19
16:49
04/19/18
16:49
Hot Stocks
Senator Blumenthal says Facebook may have violated consent decree »

In a letter to the…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Apr

WFC

Wells Fargo

$51.55

1.16 (2.30%)

16:46
04/19/18
04/19
16:46
04/19/18
16:46
Periodicals
Wells Fargo near settling risk management claims with regulators, WSJ says »

Wells Fargo is nearing…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Apr

  • 24

    Apr

  • 30

    May

HOLX

Hologic

$38.60

-0.56 (-1.43%)

16:46
04/19/18
04/19
16:46
04/19/18
16:46
Hot Stocks
Hologic announces women treated with NovaSure reported higher amenorrhea rates »

Hologic announced that in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Apr

  • 27

    Apr

  • 02

    May

  • 08

    May

  • 12

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.