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ALL

Allstate

$99.97

0.91 (0.92%)

, AIG

AIG

$53.24

0.89 (1.70%)

09:11
09/15/18
09/15
09:11
09/15/18
09:11

Industry earnings will cover insurers' losses on Florence, Barron's says

Shares of insurers like Allstate (ALL), AIG (AIG) and Travelers (TRV) have declined more than 2% since Hurricane Florence began gathering strength in the past week, but the insured losses should be covered by industry earnings, Nicholas Jasinski of Barron's writes in an article titled "Insurers Will Ride Out Hurricane Florence." U.S. insurers are sitting on roughly a half-trillion of available capital, so the expected damage from Florence won't "come close" to endangering the industry's claims-paying ability, Sandler O'Neill analyst Paul Newsome told Barron's. Reference Link

ALL

Allstate

$99.97

0.91 (0.92%)

AIG

AIG

$53.24

0.89 (1.70%)

TRV

Travelers

$130.00

1.2 (0.93%)

  • 18

    Oct

  • 01

    Nov

ALL Allstate
$99.97

0.91 (0.92%)

08/07/18
FBCO
08/07/18
INITIATION
Target $114
FBCO
Outperform
Allstate initiated with an Outperform at Credit Suisse
Credit Suisse analyst Michael Zaremski started Allstate with an Outperform rating and $114 price target. The analyst believes Telematics is a profitability game changer, especially since Progressive (PGR) and Allstate have a huge lead on the competition. Zaremski thinks both companies are in the early innings of deploying their telematics data to improve their underwriting, claims, and marketing capabilities. Allstate has roughly 1M policyholders that are using its app or plug-in device, representing about 5% of its customer base, he notes, adding he expects this number to more than double in the coming 18 months, which will provide Allstate with enough data to extrapolate predictive analytics across its entire portfolio to price risk more accurately.
08/07/18
FBCO
08/07/18
INITIATION
Target $73
FBCO
Outperform
Progressive initiated with an Outperform at Credit Suisse
Credit Suisse analyst Michael Zaremski started Progressive (PGR) with an Outperform rating and $73 price target. The analyst believes telematics has been and will continue to be a profitability game changer, and thinks Progressive, and to a lesser extent, Allstate (ALL), have huge leads on the competition, which he feels will afford them competitive advantages for years to come. Zaremski estimates Progressive has telematics data on approximately 25% of its customers, and expects this number to more than double in the coming 24 months, which will enable Progressive to further refine its underwriting factors to price risk more accurately and continue attracting the industry's best risks.
07/18/18
BUCK
07/18/18
UPGRADE
Target $88
BUCK
Neutral
Allstate upgraded to Neutral from Underperform at Buckingham
As previously reported, Buckingham upgraded Allstate to Neutral from Underperform. Analyst Amit Kumar raised his view citing valuation and maintained a $88 price target on shares.
07/18/18
BUCK
07/18/18
UPGRADE
BUCK
Neutral
Allstate upgraded to Neutral from Underperform at Buckingham
AIG AIG
$53.24

0.89 (1.70%)

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).
06/06/18
BUCK
06/06/18
NO CHANGE
BUCK
Buckingham finds auto insurance placeholder on Amazon site
After an earlier article in "The Information" hinted that Amazon (AMZN) has contemplated offering home insurance in bundles with its smart devices, Buckingham analyst Amit Kumar said that when he went on Amazon's website, he found empty links/placeholders for "Financial Services" and "Auto Insurance," though he added he did not see a placeholder for "Homeowners." In terms of market share, Kumar said Allstate (ALL) is the most exposed to an Amazon entry to home, with 27% of its top line coming from Homeowners. In Personal Auto, Progressive (PGR) and Allstate are exposed with 82% and 68% of their premiums coming from auto insurance, the analyst stated. Other publicly traded companies in the insurance space include ACE Limited (ACE), AIG (AIG), Chubb (CB), Hartford Financial (HIG) and Travelers (TRV).
05/25/18
JPMS
05/25/18
INITIATION
Target $63
JPMS
Neutral
AIG reinstated with a Neutral at JPMorgan
JPMorgan analyst Jimmy Bhullar reinstated coverage of AIG with a Neutral rating and $63 price target following a period of restriction. The analyst suspended his prior Neutral rating and $65 target in January. Bhullar expects operating trends in AIG's Property & Casualty business to gradually improve and finds the stock's risk/reward as attractive at current share levels. However, he feels the likelihood of reserve hikes is still "fairly high."
05/17/18
UBSW
05/17/18
UPGRADE
Target $65
UBSW
Buy
AIG upgraded to Buy at UBS
As previously reported, UBS analyst Brian Meredith upgraded AIG to Buy from Neutral. The analyst cited the new CEO's turnaround strategy, which involves investing in talent and making changes to make the company grow. He believes expectations have been reset and earnings estimates have bottomed out and that shares have meaningful upside as AIG returns to growth. Meredith has a $65 price target on AIG shares.
TRV Travelers
$130.00

1.2 (0.93%)

08/07/18
FBCO
08/07/18
INITIATION
Target $141
FBCO
Neutral
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.
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.
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.

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ORCL

Oracle

$45.72

-0.9 (-1.93%)

05:32
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NDAQ

Nasdaq

$85.19

-1.3 (-1.50%)

05:30
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DRH

DiamondRock

$9.58

-0.33 (-3.33%)

05:27
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YNDX

Yandex

$27.49

-0.52 (-1.86%)

05:27
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SHO

Sunstone Hotel

$14.08

-0.32 (-2.22%)

05:23
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Sunstone Hotel rating change  »

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HST

Host Hotels

$17.31

-0.46 (-2.59%)

05:21
12/18/18
12/18
05:21
12/18/18
05:21
Upgrade
Host Hotels rating change  »

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TMUS

T-Mobile

$64.86

-0.78 (-1.19%)

, S

Sprint

$5.83

-0.14 (-2.35%)

05:18
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Hot Stocks
T-Mobile, Sprint receives approval from CFIUS, Team Telecom »

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TMUS

T-Mobile

$64.86

-0.78 (-1.19%)

S

Sprint

$5.83

-0.14 (-2.35%)

03/08/13
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WPG

Washington Prime

$5.76

-0.38 (-6.19%)

05:18
12/18/18
12/18
05:18
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05:18
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Washington Prime rating change  »

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FBHS

Fortune Brands

$39.62

-0.76 (-1.88%)

05:16
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05:16
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Fortune Brands rating change  »

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05:15
12/18/18
12/18
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General news
FX Action: USD-JPY extended losses »

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SNDR

Schneider National

$19.12

-0.015 (-0.08%)

05:11
12/18/18
12/18
05:11
12/18/18
05:11
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Schneider National rating change  »

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NSC

Norfolk Southern

$147.63

-3.18 (-2.11%)

05:11
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12/18
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05:11
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KSU

Kansas City Southern

$95.83

-0.86 (-0.89%)

05:10
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05:10
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CCOI

Cogent

$45.37

-1.25 (-2.68%)

05:07
12/18/18
12/18
05:07
12/18/18
05:07
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Cogent rating change  »

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PLD

Prologis

$61.50

-2.81 (-4.37%)

05:05
12/18/18
12/18
05:05
12/18/18
05:05
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Prologis rating change  »

Prologis upgraded to Buy…

03/08/13
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CLNXF

Cellnex

$0.00

(0.00%)

05:02
12/18/18
12/18
05:02
12/18/18
05:02
Downgrade
Cellnex rating change  »

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NXST

Nexstar

$84.01

-1 (-1.18%)

, TRCO

Tribune Media

$45.33

-0.04 (-0.09%)

05:00
12/18/18
12/18
05:00
12/18/18
05:00
Recommendations
Nexstar, Tribune Media analyst commentary  »

Nexstar price target…

NXST

Nexstar

$84.01

-1 (-1.18%)

TRCO

Tribune Media

$45.33

-0.04 (-0.09%)

03/08/13
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TLRD

Tailored Brands

$13.46

-0.84 (-5.87%)

04:56
12/18/18
12/18
04:56
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04:56
Initiation
Tailored Brands initiated  »

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ASOMY

Asos

$0.00

(0.00%)

04:55
12/18/18
12/18
04:55
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04:55
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Asos rating change  »

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AIRG

Airgain

$10.70

-0.55 (-4.89%)

04:55
12/18/18
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04:55
Conference/Events
Airgain management to meet with William Blair »

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  • 18

    Dec

  • 19

    Dec

CSTM

Constellium

$7.86

0.15 (1.95%)

04:55
12/18/18
12/18
04:55
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04:55
Conference/Events
Constellium management to meet with Morgan Stanley »

Meetings to be held in…

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  • 18

    Dec

SMLR

Semler Scientific

$0.00

(0.00%)

04:55
12/18/18
12/18
04:55
12/18/18
04:55
Conference/Events
Semler Scientific management to meet with B. Riley FBR »

Meeting to be held in New…

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  • 18

    Dec

  • 07

    Jan

HSII

Heidrick & Struggles

$32.08

-1.43 (-4.27%)

04:55
12/18/18
12/18
04:55
12/18/18
04:55
Conference/Events
Heidrick & Struggles management to meet with Barrington »

Meeting to be held in…

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  • 18

    Dec

ALSN

Allison Transmission

$42.98

-0.33 (-0.76%)

04:55
12/18/18
12/18
04:55
12/18/18
04:55
Conference/Events
Allison Transmission management to meet with Buckingham »

Meeting to be held in New…

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  • 18

    Dec

HUN

Huntsman

$18.22

-0.09 (-0.49%)

04:55
12/18/18
12/18
04:55
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04:55
Conference/Events
Huntsman management to meet with Seaport Global »

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  • 18

    Dec

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