Keefe

Keefe, Bruyette & Woods, reporting estimated losses from the Japan tragedy, maintain a Market Perform rating and keep and price target of $87 for Everest Reinsurance Holdings (NYSE: RE). In the report, Keefe, Bruyette & Woods writes, “RE announced estimated losses from the Japanese...

Keefe, Bruyette & Woods has reported on the announced 1Q11 Cat losses of Axis Capital Holding Limited (NYSE: AXS). According to the report, "AXIS announced losses of $185-215 mm from the February New Zealand earthquake and $90-100 mm from 1Q11 Australia loss events. Combined losses total $275-...

Keefe, Bruyette & Woods released a report today which reveals the bad news for homebuilders given last month's sluggish growth in home sales. The report states that unadjusted existing home sales increased by only 2.8% MoM in February (to 293,000), while single family sales experienced no...

Keefe, Bruyette And Woods maintained its Chemical Financial (NASDAQ: CHFC) Market Perform rating and lowered its price target slightly from $22 to $21 in a research note published today. In the report, Keefe, Bruyette And Woods states, " We are maintaining our 2011 estimate, but modestly reducing...

Keefe, Bruyette And Woods upgraded Fifth Third Bancorp (NASDAQ: FITB) from Market Perform to Outperform and raised Fifth Third's price target to $16 in a research report published today. In the report, Keefe, Bruyette And Woods states, "We also believe there is potential for a dividend increase...

Keefe, Bruyette And Woods maintained its Everest Reinsurance Group (NYSE: RE) Market Perform rating in a research note published today. Keefe, Bruyette And Woods has previously given Everest an $86 price target. Keefe, Bruyette And Woods states, "RE announced estimated losses from the February NZ...

Keefe, Bruyette And Woods maintained its Alterra Capital Holding (NASDAQ: ALTE) Market Perform rating and $24 price target in a research report published today. In the report, Keefe, Bruyette And Woods states, "Alterra announced several loss events impacting 1Q11, including $15-20 mm from the...

Keefe, Bruyette And Woods maintained its Strategic Hotels & Resorts (NYSE: BEE) Outperform rating and $7 price target in a research note published today. In the report, Keefe, Bruyette And Woods states, "We believe BEE is close to refinancing 4 loans and resetting its credit line, which could...

Keefe, Bruyette & Woods reiterated its Employers Holdings (NYSE: EIG) Market Perform rating and raised Employers Holdings' price target to $18 in a research report published today. In the report, Keefe, Bruyette & Woods states, "EIG beat consensus but fell short of our estimate by $0.01....

Keefe, Bruyette & Woods increased its Torchmark (NYSE: TMK) price target from $71 to $76 and reiterated its Torchmark Outperform in a research report published today. In the report, Keefe, Bruyette & Woods state, "We're revising our TMK estimates and price target following 4Q results. Our...

Keefe, Bruyette & Woods provided color on SCBT Financial (NASDAQ: SCBT) in a research report published today. In the report, Keefe, Bruyette & Woods states, "SCBT picks up Habersham Bank from the FDIC, a $388 million bank headquartered in Cornelia, GA. The deal fits in exactly with SCBT's...

Keefe, Bruyette & Woods increased its Unum Group (NYSE: UNM) price target from $27 to $29 in a research report published today. In the report, Keefe, Bruyette & Woods states, "We're updating 2012 estimates, primarily to reflect a slightly more cautious margin outlook for Colonial." Shares...

Keefe, Bruyette & Woods reiterated its Ventas (NYSE: VTR) Outperform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Following VTR's 4Q results and conf call our investment outlook remains largely unchanged. We continue to view Ventas as an...

Keefe, Bruyette & Woods reiterated its Allied World Assurance Holdings (NYSE: AWH) Outperform rating and raised Allied's price target to $76 in a research report published today. In the report, Keefe, Bruyette & Woods states, "Results missed KBW as strong current AY profitability (despite...

Keefe, Bruyette & Woods reiterated its Sunstone Hotel Investors (NYSE: SHO) Outperform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Sunstone reported 4Q10 FFO of $0.20, above consensus of $0.17 and our $0.15 forecast. Upside was driven...