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TRV

Travelers

$130.01

0.32 (0.25%)

, CB

Chubb

$138.68

-0.11 (-0.08%)

09:00
08/07/18
08/07
09:00
08/07/18
09:00

Travelers initiated with a Neutral at Credit Suisse

Credit Suisse analyst Michael Zaremski started Travelers (TRV) with a Neutral rating and $141 price target. For shorter-term oriented investors, the analyst recommends Travelers over peer Chubb (CB) due to having more conviction over its recent string of higher than expected non-catastrophe weather-related losses subsiding, a greater gearing to workers' comp. leading to a steady stream of reserve releases given an extremely healthy unemployment backdrop, and conviction that near-term auto margins will continue to improve given industry pricing dynamics. In the longer term, he struggles to make the case that Travelers' wheels business can produce better and less volatile results.

TRV

Travelers

$130.01

0.32 (0.25%)

CB

Chubb

$138.68

-0.11 (-0.08%)

  • 07

    Aug

  • 07

    Aug

TRV Travelers
$130.01

0.32 (0.25%)

06/06/18
JPMS
06/06/18
NO CHANGE
JPMS
Amazon more likely to partner with home insurers, JPMorgan says
Insuring homes is a highly regulated business that requires major infrastructure to settle claims and the catastrophe exposure is significant, JPMorgan analyst Sarah DeWitt tells investors in a research note after The Information reported that Amazon.com (AMZN) is considering offering homeowner's Insurance. The analyst would be surprised if Amazon sought to fully manufacture homeowners' insurance and thinks a partnership with insurers would be more likely. Names in the property and casualty insurance space include Progressive (PGR), Allstate (ALL), Chubb (CB), Hartford Financial (HIG) and Travelers (TRV).
06/06/18
KBWI
06/06/18
NO CHANGE
KBWI
Amazon unlikely to overly disrupt insurance market, says Keefe Bruyette
Amazon.com's (AMZN) possible entry into homeowners insurance is unlikely to be "overly disruptive" to the industry, Keefe Bruyette analyst Meyer Shields told investors earlier in a research note. The analyst says that in the past, the U.S has been a relatively slow adopter of online insurance offerings. Names in the property and casualty insurance space include AIG (AIG), Allstate (ALL), Chubb (CB), Hartford Financial (HIG), Progressive (PGR) and Travelers (TRV).
07/12/18
SBSH
07/12/18
NO CHANGE
Target $144
SBSH
Buy
Citi opens 'Catalyst Watch' on Travelers ahead of earnings
Citi analyst James Naklicki opened a "Catalyst Watch on Travelers and is "tactically positive" on the stock into the quarterly earnings report. The analyst favors the Property and Casualty insurance brokers over the next 12-18 months saying U.S. commercial pricing is "modestly positive and will be a tailwind for organic growth this year." He lowered his price target for Travelers to $144 from $155 and keeps a Buy rating on the name.
07/24/18
MKMP
07/24/18
NO CHANGE
Target $125
MKMP
Neutral
Travelers price target lowered to $125 from $140 at MKM Partners
MKM Partners analyst Harry Fong lowered his price target on Travelers to $125 after its Q2 earnings miss, saying the quarter was impacted by "several large commercial losses, chiefly from fire losses and an assessment from the Texas windstorm pool related to Hurricane Harvey". The analyst notes that the sell off in the stock was somewhat surprising, since the earnings miss was due to "normal insurance noise" that is typical for the industry. Fong also keeps his Neutral rating on Travelers which he attributes to 1.4-times trailing book value multiple, rather than its recent earnings proposal.
CB Chubb
$138.68

-0.11 (-0.08%)

06/18/18
GSCO
06/18/18
DOWNGRADE
Target $144
GSCO
Neutral
Chubb downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Yaron Kinar downgraded Chubb to Neutral and lowered his price target for the shares to $144 from $155. The analyst does not expect industry pricing to keep pace with "deteriorating loss cost trends" and does not believe Chubb "can completely avoid this." He calls Chubb a quality underwriter but sees limited upside from current share levels.
06/27/18
ATLE
06/27/18
UPGRADE
ATLE
Neutral
Chubb upgraded to Neutral from Underweight at Atlantic Equities
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
08/07/18
FBCO
08/07/18
INITIATION
Target $150
FBCO
Neutral
Chubb initiated with a Neutral at Credit Suisse
Credit Suisse analyst Michael Zaremski started Chubb with a Neutral rating and $150 price target. The analyst believe Chubb will continue its performance as a top quartile underwriter given it has diversified its business mix to the point where its results are not tied to any one line of business or geography's inherent P&C cyclicality. However, he foresees margins on an absolute basis declining marginally through 2020 owing to diminished reserve release prospects in large commercial liability lines

TODAY'S FREE FLY STORIES

TI

Telecom Italia

$6.07

0.06 (1.00%)

19:27
11/13/18
11/13
19:27
11/13/18
19:27
Downgrade
Telecom Italia rating change  »

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HNHPF

Hon Hai Precision

$0.00

(0.00%)

19:25
11/13/18
11/13
19:25
11/13/18
19:25
Downgrade
Hon Hai Precision rating change  »

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RGLD

Royal Gold

$71.33

-0.17 (-0.24%)

19:23
11/13/18
11/13
19:23
11/13/18
19:23
Hot Stocks
Royal Gold increases quarterly dividend to 26.5c from 25c per share »

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VZ

Verizon

$58.67

-0.05 (-0.09%)

, MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

19:16
11/13/18
11/13
19:16
11/13/18
19:16
Hot Stocks
Verizon discloses completion of its first 5G data transmission on a smartphone »

Verizon (VZ) - in…

VZ

Verizon

$58.67

-0.05 (-0.09%)

MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

SSNLF

Samsung

$0.00

(0.00%)

QCOM

Qualcomm

$54.19

-0.29 (-0.53%)

03/08/13
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ORN

Orion Group

$4.59

0.26 (6.00%)

19:08
11/13/18
11/13
19:08
11/13/18
19:08
Hot Stocks
Orion Group awarded $8M contract »

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RENN

Renren

$1.53

0.08 (5.52%)

19:01
11/13/18
11/13
19:01
11/13/18
19:01
Hot Stocks
Renren to dispose of all assets in SNS business to Beijing Infinities »

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PETQ

PetIQ

$31.27

-1.77 (-5.36%)

, MTSI

Macom

$15.17

0.28 (1.88%)

19:01
11/13/18
11/13
19:01
11/13/18
19:01
Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: PetIQ…

PETQ

PetIQ

$31.27

-1.77 (-5.36%)

MTSI

Macom

$15.17

0.28 (1.88%)

SVMK

SurveyMonkey

$11.33

-0.185 (-1.61%)

REZI

Resideo

$21.28

-0.06 (-0.28%)

LAUR

Laureate Education

$15.53

-0.41 (-2.57%)

VREX

Varex Imaging

$26.11

-0.65 (-2.43%)

SIVB

SVB Financial

$242.68

1.84 (0.76%)

CLD

Cloud Peak

$1.32

-0.12 (-8.33%)

ETSY

Etsy

$47.31

-3.33 (-6.58%)

MMM

3M

$198.40

1.31 (0.66%)

EGBN

Eagle Bancorp

$49.19

0.48 (0.99%)

GDEN

Golden Entertainment

$14.32

-0.46 (-3.11%)

AKBA

Akebia

$7.76

0.04 (0.52%)

AMRS

Amyris

$5.90

0.04 (0.68%)

QRHC

Quest Resource

$2.23

-0.01 (-0.45%)

SWCH

Switch

$9.27

-0.075 (-0.80%)

WIX

Wix.com

$91.30

2.83 (3.20%)

TLRY

Tilray

$111.25

-1.95 (-1.72%)

APRN

Blue Apron

$1.22

-0.03 (-2.40%)

RESN

Resonant

$2.88

-0.03 (-1.03%)

CDNA

CareDx

$25.49

-2.01 (-7.31%)

LADR

Ladder Capital

$17.58

-0.03 (-0.17%)

ED

Consolidated Edison

$79.14

0.48 (0.61%)

03/08/13
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    Nov

BA

Boeing

$349.62

-7.31 (-2.05%)

18:58
11/13/18
11/13
18:58
11/13/18
18:58
Periodicals
Boeing, FAA mulls software fix for 737 Max, Bloomberg says »

Boeing and the FAA are…

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SFTBF

SoftBank

$0.00

(0.00%)

18:38
11/13/18
11/13
18:38
11/13/18
18:38
Periodicals
SoftBank invests additional $3B in WeWork, NY Times reports »

WeWork said that SoftBank…

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GDEN

Golden Entertainment

$14.32

-0.46 (-3.11%)

18:32
11/13/18
11/13
18:32
11/13/18
18:32
Hot Stocks
Golden Entertainment CFO Charles Protell buys 13.3K shares of common stock »

In a regulatory filing,…

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EAGL

Platinum Eagle Acquisition Corp.

$9.90

0.03 (0.30%)

18:29
11/13/18
11/13
18:29
11/13/18
18:29
Hot Stocks
Platinum Eagle Acquisition Corp to merge with Target Logistics Management »

Platinum Eagle…

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LBRDK

Liberty Broadband

$82.54

0.16 (0.19%)

18:12
11/13/18
11/13
18:12
11/13/18
18:12
Conference/Events
Liberty Broadband to host investor meeting »

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  • 14

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LBRDA

Liberty Broadband

$82.52

0.22 (0.27%)

18:11
11/13/18
11/13
18:11
11/13/18
18:11
Conference/Events
Liberty Broadband to host investor meeting »

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  • 14

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SGEN

Seattle Genetics

$54.84

-0.18 (-0.33%)

18:10
11/13/18
11/13
18:10
11/13/18
18:10
Hot Stocks
Seattle Genetics granted FDA Orphan designation for Adcetris »

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GLIBA

GCI Liberty

$46.49

0.72 (1.57%)

18:10
11/13/18
11/13
18:10
11/13/18
18:10
Conference/Events
GCI Liberty to host investor meeting »

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  • 14

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NSP

Insperity

$113.88

-0.16 (-0.14%)

, LPNT

LifePoint

$64.94

0.03 (0.05%)

18:05
11/13/18
11/13
18:05
11/13/18
18:05
Hot Stocks
S&P announces changes to S&P MidCap 400, S&P SmallCap 600 indices »

S&P Dow Jones Indices…

NSP

Insperity

$113.88

-0.16 (-0.14%)

LPNT

LifePoint

$64.94

0.03 (0.05%)

EGBN

Eagle Bancorp

$49.19

0.48 (0.99%)

APO

Apollo Global

$29.00

-0.4 (-1.36%)

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T

AT&T

$30.33

-0.47 (-1.53%)

18:04
11/13/18
11/13
18:04
11/13/18
18:04
Periodicals
HBO's 'Game of Thrones' to return for final season in April, NY Times reports »

WarnerMedia's HBO…

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EQH

AXA Equitable

$20.80

-0.285 (-1.35%)

17:54
11/13/18
11/13
17:54
11/13/18
17:54
Syndicate
AXA Equitable files to sell 50M shares of common stock for holders »

In connection with the…

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IBM

IBM

$120.84

-0.07 (-0.06%)

, RHT

Red Hat

$173.26

0.33 (0.19%)

17:54
11/13/18
11/13
17:54
11/13/18
17:54
Periodicals
IBM sees no antitrust 'overlays' in Red Hat acquisition, Bloomberg says »

An IBM (IBM) executive,…

IBM

IBM

$120.84

-0.07 (-0.06%)

RHT

Red Hat

$173.26

0.33 (0.19%)

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    Mar

RBBN

Ribbon Communications

$6.20

-0.445 (-6.70%)

17:52
11/13/18
11/13
17:52
11/13/18
17:52
Syndicate
Ribbon Communications withdraws proposed offering of convertible senior notes »

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BBD

Banco Bradesco

$9.15

-0.26 (-2.76%)

17:51
11/13/18
11/13
17:51
11/13/18
17:51
Periodicals
Banco Bradesco seeks to grow credit at least 10%, Bloomberg says »

Banco Bradesco CEO…

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NKE

Nike

$75.22

0.14 (0.19%)

, KO

Coca-Cola

$49.86

-0.01 (-0.02%)

17:49
11/13/18
11/13
17:49
11/13/18
17:49
Hot Stocks
Nike names former Coca-Cola exec Williams president of Jordan Brand »

Nike (NKE) announced that…

NKE

Nike

$75.22

0.14 (0.19%)

KO

Coca-Cola

$49.86

-0.01 (-0.02%)

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MMM

3M

$198.40

1.31 (0.66%)

17:46
11/13/18
11/13
17:46
11/13/18
17:46
Hot Stocks
3M authorizes $10B stock repurchase program »

The authorization has no…

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  • 15

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USAT

USA Technologies

$4.71

-0.51 (-9.77%)

17:45
11/13/18
11/13
17:45
11/13/18
17:45
Hot Stocks
USA Technologies says unable to file 10-Q timely »

In a form 12b-25 notice…

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  • 15

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TPC

Tutor Perini

$17.06

-0.03 (-0.18%)

17:42
11/13/18
11/13
17:42
11/13/18
17:42
Earnings
Tutor Perini selected for Choctaw Casino project in Oklahoma, terms not stated »

Tutor Perini announced…

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