Some reasons are familiar, like the slowdown in prescription drug spending following expiration of patents on blockbuster drugs, exposing brand-name medicines such as cholesterol remedy Lipitor to generic competition.
Medical device prices are also rising more slowly than inflation, as Advanced Medical Device Association senior executive vice president David Nexon says stiff competition and cost-cutting by hospitals is taking away manufacturers' pricing power. And consumers appear to be buying care more carefully because of insurance changes that boost co-payments and deductibles, according to researchers at Harvard and the Kaiser Family Foundation.
Best Insurance Stocks To Watch For 2015: Federated National Holding Co (FNHC)
Federated National Holding Company (Federated National), formerly 21st Century Holding Company, is an insurance holding company, which through its subsidiaries and its contractual relationships with its independent agents and general agents, controls all aspects of the insurance underwriting, distribution and claims processes. Federated National is authorized to underwrite homeowners��multi-peril (homeowners), personal umbrella, commercial general liability, following form commercial excess liability, personal and commercial automobile, fire, allied lines, workers��compensation, business personal property and commercial inland marine insurance. On January 26, 2011, Federated National merged into the Company�� other wholly owned subsidiary, American Vehicle Insurance Company (American Vehicle), with resulting entity being Federated National.
Federated National markets and distributes its own and third-party insurers��products and its other services through a network of independent agents. The Company also utilize a select number of general agents for the same purpose. During 2010, the Company processed property and liability claims stemming from its homeowners�� commercial general liability and private passenger automobile lines of business. Through contractual relationships with a network of approximately 4,200 independent agents, of which approximately 400 sell and service its products, Federated National is authorized to underwrite homeowners�� fire, allied lines and personal automobile insurance in Florida.
American Vehicle is licensed as an admitted carrier in Florida, and underwrites commercial general liability, and personal and commercial automobile insurance. American Vehicle is also licensed as an admitted carrier in Alabama, Louisiana, Georgia and Texas, and underwrites commercial general liability insurance in those states. American Vehicle operates as a non-admitted carrier in Arkansas, California, Kentucky, Maryland, Missouri, Nevada, Oklahoma, South ! Carolina, Tennessee and Virginia, and can underwrite commercial general liability insurance in all of these states. During 2010, 79.7%, 12.3%, 4.1% and 3.9% of the premiums the Company underwrote were for homeowners�� commercial general liability, federal flood, and personal automobile insurance, respectively. Federated National internally processes claims made by its insured through its wholly owned claims adjusting company, Superior Adjusting, Inc. (Superior). It also offers premium financing to its own and third-party insured through its wholly owned subsidiary, Federated Premium Finance, Inc. (Federated Premium).
Homeowners��Property and Casualty Insurance
Federated National underwrites homeowners��insurance primarily in the South, West and Central Florida regions. Homeowners��insurance protects an owner of real and personal property against covered causes of loss to that property. The Company�� homeowner insurance products provide maximum dwelling coverage in the amount of approximately $0.8 million, with the aggregate maximum policy limit being approximately $1.5 million. Premium rates are regulated and approved by the Florida OIR.
Commercial Residential Property Insurance
The Florida OIR has granted Federated National the authority to write commercial residential property insurance under the fire line of business. This class of business affords property coverage primarily to associations with property commonly owned by the tenants of the association. Aggregate policy limits ranged between $1.0 million and $20 million. Additionally, Federated National has secured automatic facultative reinsurance for insured values up to $10 million with permission to individually submit attractive risks greater than $10 million to its reinsurers for quote and binding authority.
Commercial General Liability and Inland Marine
The Company underwrite commercial general liability insurance for approximately 350 classes of artisan ! (excludin! g home-builders and developers) and mercantile trades (such as owners, landlords and tenants). The limits of liability range from $100,000 per occurrence with a $200,000 policy aggregate to $1 million per occurrence with a $2 million policy aggregate. The Company markets the commercial general liability insurance products through independent agents and a limited number of general agencies unaffiliated with the Company.
Personal Automobile
Personal automobile insurance markets can be divided into two categories: standard automobile and nonstandard automobile. Standard personal automobile insurance is provided to insureds who present an average risk profile in terms of driving record, vehicle type and other factors. Nonstandard personal automobile insurance is provided to insureds that are unable to obtain standard insurance coverage because of their driving record, age, vehicle type or other factors, including market conditions. During 2010, the average annual premium on policies was approximately $1,325, and the nonstandard personal automobile insurance lines represented 100% of its written premiums for personal automobile insurance. Federated National underwrites new and renewal policies for this coverage on primarily an annual basis and to a much lesser extent, on a semi-annual basis. American Vehicle underwrites standard personal automobile insurance policies.
Flood
Federated National writes flood insurance through the National Flood Insurance Program (NFIP). The Company writes the policy for the NFIP, which assumes 100% of the flood risk while it retains a commission for its service. The average flood policy premium is approximately $570 with limits up to $250,000.
Assurance MGA
Assurance MGA, a wholly owned subsidiary of Federated National, acts as Federated National�� and American Vehicle�� exclusive managing general agent in the state of Florida and is also licensed as a managing general agent in the states of Al! abama, Ar! kansas, Georgia, Illinois, Louisiana, North Carolina, Mississippi, Missouri, New York, Nevada, South Carolina, Texas and Virginia. Assurance MGA has contracted with several unaffiliated insurance companies to sell commercial general liability, workers compensation, personal umbrella and inland marine insurance through Assurance MGA�� existing network of agents. Assurance MGA earns commissions and fees for providing policy administration, marketing, accounting and analytical services, and for participating in the negotiation of reinsurance contracts. The homeowner policy provides Assurance MGA the right to cancel any policy within a period of 90 days from the policy's inception with 25 days��notice, or after 90 days from policy inception with 95 days��notice, even if the risk falls within its underwriting criteria.
Superior
Superior processes claims made by insured from Federated National and American Vehicle. Its agents have no authority to settle claims or otherwise exercise control over the claims process. Federated National also employs an in-house legal department to manage claims-related litigation and to monitor its claims handling practices for compliance.
Federated Premium
Federated Premium provides premium financing to Federated National's, American Vehicle�� and third-party�� insureds. Premium financing has been marketed through the Company�� distribution network of general agents and independent agents. Premiums for property and casualty insurance, in certain circumstances, are payable at the time a policy is placed in- force or renewed. Federated Premium's services allow the insured to pay a portion of the premium when the policy is placed in-force and the balance in monthly installments over a specified term, between six and nine months.
Insure-Link, Inc. (Insure-Link)
Insure-Link serves as an independent insurance agency. The insurance agency markets direct to the public to provide a variety of in! surance p! roducts and services to individual clients, as well as business clients, by offering a line of insurance products, including, but not limited to, homeowners�� personal and commercial automobile, commercial general liability and workers��compensation insurance through their agency appointments with over fifty different carriers. There were no other agency relationships with affiliated captive or franchised agents during 2010.
The Company competes with Castle Key (formerly Allstate Floridian) Indemnity Insurance Company, Fidelity National Insurance Company, Universal Property and Casualty Insurance Company, Royal Palm Insurance Company, St. Johns Insurance Company, Cypress Property and Casualty Insurance Company, American Strategic Insurance Company, Century Surety Insurance Company, Atlantic Casualty Insurance Company, Colony Insurance Company, Burlington/First Financial Insurance Companies, Kingsway Amigo Insurance Company, United Automobile Insurance Company, Direct General Insurance Company, Ocean Harbor Insurance Company, Progressive Casualty Insurance Company, and GEICO.
Advisors' Opinion:- [By , Zacks Investment Research]
Here are five�stocks that made it through this week’s screen:
AmTrust Financial (AFSI) Allied World Assurance (AWH) Chatham Lodging Trust (CLDT) Federated National Holding Co. (FNHC) Whitewave Foods (WWAV)Get the rest of the stocks on this list and start screening for these companies on your own.
- [By Louis Navellier]
Federated Nationals Insurance Company (FNHC) is another little insurance company that is showing huge profits right now. They also specialize in homeowners insurance as well as umbrella liability, workers comp and inland marine policies. Sales and profits were both up triple digits in the most recent quarter and posted an 84% positive earning surprise.
Best Insurance Stocks To Watch For 2015: Genworth Financial Inc (GNW)
Genworth Financial, Inc., a financial security company, provides insurance, wealth management, investment, and financial solutions in the United States and internationally. The company offers various insurance and fixed annuity products, including life and long-term care insurance products; payment protection insurance products for consumers primarily to meet specified payment obligations; and wealth management products, such as managed account programs with advisor support and financial planning services. It also provides mortgage insurance products and related services to insure prime-based, individually underwritten residential mortgage loans or flow mortgage insurance; and mortgage insurance on a structured or bulk basis, as well as offers services, analytical tools, and technology that enable lenders to operate and manage risk. In addition, the company provides institutional products consisting of funding agreements, funding agreements backing notes, and guaranteed in vestment contracts. Genworth Financial, Inc. distributes its products and services through financial intermediaries, advisors, independent distributors, affinity groups, and sales specialists. The company was founded in 2003 and is headquartered in Richmond, Virginia.
Advisors' Opinion:- [By Garrett Cook]
Shares of Genworth Financial (NYSE: GNW) were down 35.89 percent to $9.02 following Wednesday's earnings miss.
Web.com Group (NASDAQ: WWWW) shares tumbled 21.63 percent to $15.87 after the company reported Q3 earnings of $0.63 per share on revenue of $143.80 million and announced a $100 million stock repurchase authorization. JP Morgan downgraded Web.com Group from Overweight to Neutral and lowered the price target from $35.00 to $20.00.
Top Casino Stocks To Own Right Now: American International Group Inc.(AIG)
American International Group, Inc. is an international insurance organization. The company operates property and casualty insurance networks worldwide and conducts activities in the U.S. life insurance and retirement services industry. It also involves in commercial aircraft leasing and residential mortgage guaranty insurance businesses. The company, through Chartis Inc., provides various property and casualty insurance products under commercial and consumer categories worldwide. These products include surplus lines, executive liability/directors? and officers? liability, employment practices, excess casualty, and travel/assistance lines. American International Group, through SunAmerica Financial Group, offers a suite of life insurance and retirement products and services, including term life, universal life, accident and health, fixed and variable deferred annuities, fixed payout annuities, mutual funds, and financial planning products and services to individuals and grou ps in the United States. The company, through International Lease Finance Corporation, operates as an aircraft lessor that acquires commercial jet aircraft from various manufacturers and other parties, and leases those aircraft to airlines worldwide. It also sells aircraft from its fleet to other leasing companies, financial services companies, and airlines, as well as provides management services to third-party owners of aircraft portfolios. American International Group, through United Guaranty Corporation, issues residential mortgage guaranty insurance that covers mortgage lenders from the first loss for credit defaults on high loan-to-value conventional first-lien mortgages for the purchase or refinance of one- to four-family residences in the U.S. and internationally. The company was founded in 1967 and is based in New York, New York.
Advisors' Opinion:- [By Seth Jayson]
American International Group (NYSE: AIG ) is expected to report Q1 earnings on May 2. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict American International Group's revenues will contract -0.7% and EPS will decrease -46.7%. - [By Amanda Alix]
It didn't take long after Warren Buffett's Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) welcomed four former AIG (NYSE: AIG ) executives into the fold that it introduced a new, specialty insurance arm to the world.
- [By John Grgurich]
An hour and a half into the trading day,�American International Group (NYSE: AIG ) is up 0.5%, with investors confidently shrugging off last week's news of a potentially expensive lawsuit and riding today's market wave.
Best Insurance Stocks To Watch For 2015: Principal Financial Group Inc(PFG)
Principal Financial Group, Inc. provides retirement savings, investment, and insurance products and services worldwide. The company?s Retirement and Investor Services segment provides retirement savings and related investment products and services, including a portfolio of asset accumulation products and services primarily to small and medium-sized businesses and individuals in the United States. This segment offers products and services to businesses for defined contribution pension plans, including 401(k) and 403(b) plans, defined benefit pension plans, nonqualified executive benefit plans, and employee stock ownership plan consulting services; and annuities, mutual funds, and bank products and services to the employees of its business customers and other individuals. Principal Financial Group?s Principal Global Investors segment offers a range of equity, fixed income, and real estate investments, as well as specialized overlay and advisory services to institutional inve stors. The company?s Principal International segment offers retirement products and services, annuities, mutual funds, institutional asset management, and life insurance accumulation products in Brazil, Chile, China, Hong Kong SAR, India, Indonesia, Malaysia, Mexico, Singapore, and Thailand. Principal Financial Group?s U.S. Insurance Solutions segment offers individual life insurance, as well as specialty benefits in the United States. Its individual life insurance products include universal and variable universal life insurance and traditional life insurance; and specialty benefit products comprise group dental and vision insurance, individual and group disability insurance, and group life insurance, as well as fee-for-service claims administration and wellness services. The company was founded in 1879 and is based in Des Moines, Iowa.
Advisors' Opinion:- [By Patricio Kehoe] ts newest deal with private benefits company Liazon Corp., through which the firm will offer employer-sponsored group benefit plans to small and medium businesses. While the company already sells ancillary benefit plans, this deal will now also include dental, life insurance, disability insurance and critical illness coverage in an attempt to stay on top of the insurance industry. As an industry leader, Principal has over $466 billion in assets under management and 19 million customers, fragmented among small and medium-size businesses. Furthermore, its solid fourth quarter results have encouraged investment gurus like Paul Tudor Jones (Trades, Portfolio) and Steven Cohen (Trades, Portfolio) to recently acquire large amounts of the company�� shares. So, let�� see what this insurer has in store for the future.
Broadening Horizons
Although Principal�� core business is in life insurance, the company has been pursuing a more diverse growth strategy lately, and is now focused on expanding its position in the retirement service and asset management segment. With almost 30,700 pension plans covering over 3.4 million customers, this business��growth rate has not only boosted overall profitability, marked by a 31% annual increase in operating earnings for fiscal 2013, but also helped offset the headwinds of low interest rates and volatility in the emerging markets. In fact, the fourth quarter showed a 65% boost in premium and fee income for the segmenta , consequence of the rollout of total retirement suite products.
Moreover, Principal�� emphasis on retirement products and its use of capital salesforce for distribution has added on to the natural switching cost advantage in the insurance industry. Since plan sponsors provided with pension assets rarely switch providers, the company will likely benefit in the long term from its persistency, as seen in the quarterly 9% bump in recurring deposits.
On another note, Principal�� fee-based b
- [By Michael Calia]
Principal Financial Group Inc.(PFG) said its fourth-quarter earnings rose 8.6%, touting its strong results for the period amid continued economic concern.
Best Insurance Stocks To Watch For 2015: Tryg A/S (TRYG)
Tryg A/S, formerly TrygVesta A/S, is a Denmark-based insurance company. It is the parent company within the Tryg Group, which supplies insurance services in the Nordic countries. The Company is organized in four business areas, namely Private, Commercial, Industry and Sweden. Private sells insurance products to private individuals in Denmark and Norway. Commercial sells insurance products to small and medium-sized companies in Denmark and Norway. Industry sells insurance products to industrial customers under the Tryg brand in Denmark and Norway and the Moderna brand in Sweden. Sweden sells insurance products to private individuals in Sweden under the Moderna brand name. As of December 31, 2012, the Company had one wholly owned subsidiary, Tryg Forsikring A/S. On May 1, 2013, it sold its Finnish branch. Advisors' Opinion:- [By Sofia Horta e Costa]
Commodity producers slid as the release fueled concern about the slowdown in the world�� second-biggest economy. Burberry Group Plc (BRBY) gained 4.8 percent after the company�� spring-summer collection helped increase retail sales in its fiscal first quarter by more than analysts had estimated. Tryg A/S (TRYG) added 3.3 percent after posting better-than-forecast pretax profit as cost cuts offset increased weather-related claims.
Best Insurance Stocks To Watch For 2015: Universal American Corp (UAM)
Universal American Corp., incorporated on December 22, 2010, through its health insurance and managed care subsidiaries, primarily serves the growing Medicare population by providing Medicare Advantage products. It provides a variety of healthcare services, including case management and care coordination, clinical quality and utilization review and behavioral health services to Medicaid agencies and other third parties. The Company�� business segments include Senior Managed Care, which provides Medicare Advantage segment reflects its Medicare Advantage HMO, PPO and PFFS businesses, and Traditional Insurance segment reflects its insurance products not offered through government programs, which includes Medicare supplement, other senior health insurance, specialty health insurance and life insurance. The Company provides medical management services, information and analysis, and other support services to enable its health care partners to serve their patients better.
In addition , it seeks an opportunity to address the high cost of health care for the remaining 75% of the Medicare population enrolled in traditional fee-for-service Medicare and have joined primarily with primary-care and multi-specialty provider groups to form thirty-one Accountable Care Organizations, or ACOs, pursuant to the Medicare Shared Saving Program, or Shared Savings Program.
On March 2, 2012, the Company acquired APS Healthcare, Inc., known as APS Healthcare. APS Healthcare provides specialty healthcare solutions primarily to Medicaid agencies. APS Healthcare offers a broad range of healthcare solutions, including case management and care coordination, clinical quality and utilization review, and behavioral health services that enable its customers to improve the quality of care and reduce healthcare costs.
Senior Managed Care - Medicare Advantage
The Company�� Senior Managed CareMedicare Advantage segment reflects its Medicare Advantage HMO, PPO and PFFS bu! sinesses.. During the year ended December 31, 2012, the Company operated Medicare coordinated care plans including PPOs and HMOs as well as its network-based private fee-for-service (PFFS) and rural PFFS business, which provides coverage to Medicare beneficiaries in 36 states. These businesses provide managed care for persons with Medicare under contracts with CMS. Its HMO plans are offered under contracts with CMS and provide all basic Medicare covered benefits with reduced member cost-sharing as well as additional supplemental benefits, including a defined prescription drug benefit. It operates HMO plans are offered under contracts with CMS and provide all basic Medicare covered benefits with reduced member cost-sharing as well as additional supplemental benefits, including a defined prescription drug benefit. It also has Medicare Advantage HMO operations in locations outside of Southeastern Texas including four counties in North Texas offering TexasFirst Health Plans through SelectCare Health Plans; nine counties in Oklahoma City offering Generations Healthcare through Today's Options of Oklahoma, Inc; and three counties in Indianapolis, Indiana offering Today's Options HMO through SelectCare Health Plans.
The Company�� PPO plans are provided under the name Today's Options PPO, which offered under contracts with CMS and provide all basic Medicare covered benefits with reduced member cost-sharing as well as additional supplemental benefits, including a defined prescription drug benefit. This coordinated care product is built around contracted networks of providers who, in cooperation with the health plan, coordinate an active medical management program. In 2012, the Company offered PPO plans to 41 markets in 120 counties in 17 states.
The Company�� PFFS plans are provided under the name Today's Options, which offered under contracts with CMS and provide enhanced health care benefits compared to traditional Medicare, subject to cost sharing and other limitations. These pl! ans have l! imited provider network restrictions, which allow the members to have more flexibility in the delivery of their health care services than other Medicare Advantage plans with limited provider network restrictions. Some of these products include a defined prescription drug benefit. In addition to a fixed monthly payment per member from CMS, individuals in these plans may be required to pay a monthly premium in selected counties or for selected enhanced products. In 2012, it offered PFFS products in a total of 36 states, which included PFFS products with network restrictions to 51 markets in 280 counties in 18 states and PFFS products without network restrictions to 1,052 counties in 32 states.
Traditional Insurance
The Company�� traditional insurance segment reflects the results of its Medicare supplement, other senior health insurance, specialty health insurance, and life insurance. It designed the products in this segment primarily for the senior market and market them through its career agency force and its network of independent general agencies. The Company discontinued marketing and selling traditional insurance products after June 1, 2012. This segment also includes other products that it stopped selling several years ago, such as long-term care, medical insurance and disability insurance, as well as previously produced or acquired term, universal life, and whole life insurance products and single and flexible premium fixed annuities.
The Company competes with United Healthcare, Humana, Wellpoint, Aetna and Cigna
Advisors' Opinion:- [By Brian Orelli]
Health insurers such as Universal American (NYSE: UAM ) and Humana (NYSE: HUM ) that offer supplementary Medicare insurance could be hurt if seniors decided to drop the added coverage, but I doubt the increased premiums will put a major dent in seniors' budgets. Retirees making more than $85,000 per year will have to pay about $250 more per year than they do right now. Any losses will be more than be made up for by the�Centers for Medicare and Medicaid Services' decision this month to reverse its �previously announced cuts to reimbursement rates.
- [By Omar Venerio]
The company has a current ROE of 10.94% which is higher than the industry median and the ones exhibit by Universal American Corp. (UAM), Centene (CNC) and WellPoint (WLP). In general, analysts consider ROE ratios in the 15-20% range as representing attractive levels for investment. So for investors looking those levels or more, Cigna (CI) could be the option. It is very important to understand this metric before investing and it is important to look at the trend in ROE over time.
Best Insurance Stocks To Watch For 2015: Muenchener Rueckversicherungs Gesellschaft AG in Muenchen (MUV2)
Muenchener Rueckversicherungs Gesellschaft AG in Muenchen is a Germany-based holding company engaged in reinsurance and insurance business fields. The Company diversifies its operations into reinsurance, primary insurance, Munich Health and Asset management. The Reinsurance business comprises five divisions: Life; Europe and Latin America; Germany, Asia Pacific and Africa; Special and Financial Risks, and Global Clients and North America. The business covers a range of products from traditional reinsurance products to solutions for risk assumption. The Company's primary insurance activities are combined into the ERGO Insurance Group (ERGO) and offers direct insurance, life, property-casualty, health, legal expenses and travel insurance products. It covers the Company's international health reinsurance business and health primary insurance outside Germany and engages the risk management services. The Asset management business handles the investment activities of Munich Re and ERGO. Advisors' Opinion:- [By Jonathan Morgan]
Munich Re (MUV2), the world�� biggest reinsurer, dropped 4.9 percent to 145.25 euros after it said second-quarter profit fell 35 percent, missing analysts��estimates, as claims arising from natural disasters rose. Net income dropped to 529 million euros from 808 million euros a year earlier, trailing the 557.1 million-euro average estimate of analysts surveyed by Bloomberg.
Best Insurance Stocks To Watch For 2015: CNO Financial Group Inc. (CNO)
CNO Financial Group, Inc., through its subsidiaries, engages in the development, marketing, and administration of health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. The company markets and distributes Medicare supplement insurance, interest-sensitive and traditional life insurance, fixed annuities, and long-term care insurance products; Medicare advantage plans through a distribution arrangement with Humana Inc.; and Medicare Part D prescription drug plans through a distribution and reinsurance arrangement with Coventry Health Care. It also markets and distributes supplemental health, including specified disease, accident, and hospital indemnity insurance products; and life insurance to middle-income consumers at home and the worksite through independent marketing organizations and insurance agencies. In addition, the company markets primarily graded benefit and simplified issue life insurance products directly to customers through television advertising, direct mail, Internet, and telemarketing. It sells its products through career agents, independent producers, direct marketing, and sales managers. CNO Financial Group, Inc. has strategic alliances with Coventry and Humana. The company was formerly known as Conseco, Inc. and changed its name to CNO Financial Group, Inc. in May 2010. CNO Financial Group, Inc. was founded in 1979 and is headquartered in Carmel, Indiana.
Advisors' Opinion:- [By Jonas Elmerraji]
Up first is CNO Financial Group (CNO), a mid-cap financial stock that's rocketed close to 60% higher since the calendar flipped over to January. Yup, it's been a great year for the market, but it's been a far better one for investors who own CNO. But that strong performance isn't showing any signs of slowing yet. In fact, CNO looks primed for even more upside in the fourth quarter.
That's because CNO is currently forming a bullish pattern called an ascending triangle. The ascending triangle pattern is formed by a horizontal resistance level above shares -- in this case at $14.75 -- and uptrending support to the downside. Basically, as CNO bounces in between those two technical price levels, it's getting squeezed closer and closer to a breakout above that $14.75 resistance level. When that breakout happens, it's time to become a buyer.
ACCO's price action isn't exactly textbook. After all, the pattern is coming in at the bottom of a downtrend, not after an uptrend. But ultimately, that doesn't change the trading implications of a move through that $7.50 level.
Whenever you're looking at any technical price pattern, it's critical to think in terms of those buyers and sellers. Ascending triangles and other pattern names are a good quick way to explain what's going on in a stock, but they're not the reason it's tradable. Instead, it all comes down to supply and demand for shares.
That $7.50 resistance level is a price where there has been an excess of supply of shares; in other words, it's a place where sellers have been more eager to step in and take gains than buyers have been to buy. That's what makes a breakout above it so significant. The move means that buyers are finally strong enough to absorb all of the excess supply above that price level.
Don't be early on this trade.
- [By David Fried, Editor, The Buyback Letter]
Insurance holding company CNO Financial Group (CNO) and its insurance subsidiaries��rincipally Bankers Life and Casualty Company, Washington National, and Colonial Penn Life Insurance Company��erve pre-retiree and retired Americans.
Best Insurance Stocks To Watch For 2015: UnipolSai Assicurazioni SpA (US)
UnipolSai Assicurazioni SpA, formerly Fondiaria SPA, is an Italy- based company engaged in financial sector. The Company is a result of the merger of Unipol Assicurazioni SpA, Milano Assicurazioni SpA and Premafin Finanziaria SpA into Fondiaria Sai SpA. The Company operates through approximately 3 000 agencies under brands, such as Unipol, Sai, La Fondaria, Milano, La Previdente, Nuova Maa and Sasa. UnipolSai Assicurazioni SpA specializes in non-life insurance, especially automobile insurance. Additionally, UnipolSai Assicurazioni SpA provides products which protect its clients against damage and accident in the field, such as work, home, travel, health, life, aviation, railway, fire, maritime and goods in transit, as well as reinsurance and legal protection. Advisors' Opinion:- [By Norm Rothery]
More importantly, the company has a superb long-term growth record. It earned just over $25 (US) per share in 2003, and it should rake in almost $200 per share this year, according to S&P Capital IQ. In addition, the firm grew its tangible book value per share by an average of 17.4% annually over the past ten years, which is a record that very few companies can come close to matching.
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