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5 Worst-Performing IPOs Of 2021
Wednesday, December 29, 2021 - 4:30pm | 839The public markets saw a record number of IPOs and capital raised in 2021. Around 1,500 companies went public via traditional IPO, direct listing or via SPAC merger. Public listings in 2021 raised over $490 billion. Here is a look at the five worst-performing IPOs of 2021. (A previous...
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Next Up For DLT Disruption? The $1.2 TRILLION Insurance Industry
Wednesday, February 26, 2020 - 5:02pm | 718The finance sector relies on numerous middlemen. And they’re making out like bandits. In traditional payment systems, you invariably go through a middleman, such as Mastercard Inc (NYSE: MA) or Visa Inc (NYSE: V) … Western Union (NYSE: WU) … or a bank that issues...
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Economics Of Autonomy: The Big 3, Trucking And Insurance
Tuesday, August 8, 2017 - 3:41pm | 690As autonomous vehicles draw ever nearer, everyone’s eyes are on Tesla Inc (NASDAQ: TSLA), an innovator positioned to disrupt the wider U.S. economy. The firm’s ingenuity threatens to render longstanding services and products obsolete, wholly eliminating jobs, skills, companies and...
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Allstate Investors, Are You In Good Hands? Deutsche Downgrades Stock Seeing Resistance Ahead
Thursday, August 3, 2017 - 2:33pm | 347Dennis Haysbert famously asks TV viewers if they are in "good hands" with their insurance plans. But ask analysts at Deutsche Bank if a position in Allstate Corp (NYSE: ALL) would be in "good hands" in a portfolio and the answer is not necessarily. Joshua Shanker downgraded...
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Fintech Leader Catherine Bessant Nominated To Join Zurich's Board Of Directors
Wednesday, February 15, 2017 - 1:46pm | 383Zurich Insurance Group, one of the world's largest global insurance companies, proposed earlier this month the addition of a notable fintech leader to its board of directors. Zurich's Annual General Meeting will take place on March 29 and investors will chose to elect Catherine Bessant for...
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Insurance Companies Driving Institutional Use Of ETFs
Friday, August 5, 2016 - 8:45am | 581Earlier this year, the report, "Institutional Investment in ETFs: Versatility Fuels Growth" from Greenwich Associates, commissioned by BlackRock, the world's largest issuer of exchange-traded funds, said institutional investors were expected to continue increasing their use of ETFs....
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BMO's Adjustment In Coverage Of AIG, Chubb Limited And The Insurance Sector
Monday, July 11, 2016 - 3:29pm | 513Analysts at BMO Capital Markets made several changes to their price targets and ratings of insurance companies. Chubb Downgraded To Market Perform Charles Sebaski of BMO Capital Markets downgraded shares of Chubb Ltd (NYSE: CB) to Market Perform from Outperform with a price target raised to $136...
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Former Dallas Fed President Is Worried About Insurance
Wednesday, May 11, 2016 - 12:57pm | 243Former Dallas Fed President Richard Fisher was a guest on CNBC's "Squawk Box" segment on Wednesday to discuss the Federal Reserve's monetary policy and what sectors could be most impacted. According to Fisher, a low interest rate environment may pose a notable risk for insurance companies. In fact...
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Aon Reports Q4 Results, Notes 'Strong Performance' In A Year Of 'Substantial Volatility'
Friday, February 5, 2016 - 9:29am | 239Aon plc Class A Ordinary Shares (UK) (NYSE: AON) reported its fourth quarter results Friday morning. The company said that it earned $2.27 per share in the quarter on revenue of $3.3 billion. Wall Street analysts were expecting the company to earn $2.09 per share on revenue of $3.33 billion....
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Travelers Stock See-Saws Following Q4 Print
Thursday, January 21, 2016 - 3:17pm | 143Travelers Companies Inc (NYSE: TRV) reported its fourth quarter results before Thursday's market open. The company said it earned $2.90 per share on revenue of $6.674 billion - exceeding Wall Street's expectations of $2.65 per share on revenue of $5.94 billion. Net income for the...
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Insurance Companies Mobilize after Midwest Tornadoes Cause an Estimated $1 Billion in Damage
Wednesday, November 20, 2013 - 3:52pm | 404The deadly tornadoes that swept through the Midwest last weekend are expected to become the insurance industry's first billion-dollar severe weather event to ever take place in November – and they've sent insurance companies scrambling to assess the damage. Matthew Neilsen, director and...
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Think Silver: Top Stocks Catering to Seniors
Monday, October 28, 2013 - 5:43pm | 667The fact that people are living longer now than at any other time in history means there is an unusually high number of senior citizens alive in the United States. The Baby Boomer generation has begun entering retirement age, and a number of companies now catering to seniors may be smart stock...
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California Muni Bonds - Is The Reward Worth The Risk? (Part 4)
Wednesday, June 15, 2011 - 5:52am | 770Every investment has its risks, and California municipal bonds certainly has its fair shares and some more. First and foremost, municipal bonds are fixed-income investments, and they are typically highly sensitive to interests rates. While we do not believe that normal interests rate fluctuation...