-
Ambac Financial Group Will Be Better Positioned Once Sale Of Financial Guarantee Business Closes, Analyst Says
Wednesday, September 18, 2024 - 10:38am | 374Read More...After declining since the beginning of 2024, shares of Ambac Financial Group, Inc. (NYSE:AMBC) have risen by almost 10% over the past five trading sessions. The sale of Ambac Financial Group's legacy financial guarantee business is expected to close by yearend, positioning the holding company for...
-
Hurricane Dorian's Track Shift Lowers Loss Estimates For Insurers
Tuesday, September 3, 2019 - 11:16am | 853Read More...Insurance and reinsurance companies were relieved somewhat after a shift in the expected path of Hurricane Dorian, which looked Tuesday morning like it would miss South Florida and may brush much of the Southeastern coast without making landfall. Several publicly traded insurance companies...
-
MKM Disects Progressive's July Results
Thursday, August 15, 2019 - 3:49pm | 355Read More...Auto insurance company Progressive Corp (NYSE: PGR) reported a financial update for the month of July where the company showed a modest but expected slowdown in personal auto policies, according to MKM. The Analyst MKM Partners analyst Harry Fong maintains a Buy rating on Progressive with a $100...
-
Trump Claims Puerto Rico's Bond Debt Will Be 'Wiped Out,' Here's Who'd Lose Big
Monday, October 9, 2017 - 10:27am | 689Read More...Puerto Rico bonds took a huge hit last week when President Trump suggested the U.S. government may eliminate the nation’s debt in wake of its ongoing financial crisis. “They owe a lot of money to your friends on Wall Street, and we’re going to have to wipe that out,” Trump...
-
Lingering Effects Of Bankruptcy Makes Valuing Ambac Financial Shares Difficult
Monday, December 19, 2016 - 2:39pm | 275Read More...Shares of Ambac Financial Group, Inc. (NASDAQ: AMBC) plunged more than 17 percent after MKM Partners downgraded the stock to Sell from Neutral, citing difficulties in valuing the company. “While the parent company came out of Chapter 11, its operating company remained in rehabilitation and...
-
MKM Partners Downgrades Aon Plc In Lieu Of Flat Guidance From Management
Tuesday, August 9, 2016 - 12:38pm | 359Read More...MKM Partners downgraded Aon plc Class A Ordinary Shares (UK) (NYSE: AON) to Neutral from Buy as shares are approaching its latest price target. Aon shares are up about 20 percent year-to-date against about 7.6 percent for the S&P 500. Aon now trades at about 17x trailing earnings, a...
-
How To Play A Puerto Rico Default
Thursday, July 16, 2015 - 4:23pm | 357Read More...While much of the financial world remains focused on economic developments in Greece and China, MKM Partners analyst Harry Fong released a report this week discussing the potential outcome of a default in Puerto Rico. Fong discussed what he sees as the best path forward for the struggling...
