Appointments, Dividends, and Quarterly Financial Results - Analyst Notes on MGIC, Validus, Lazard, Aspen and Resource Capital
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NEW YORK, May 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding MGIC Investment Corp. (NYSE: MTG), Validus Holdings, Ltd. (NYSE: VR), Lazard Ltd. (NYSE: LAZ), Aspen Insurance Holdings Ltd. (NYSE: AHL) and Resource Capital Corp. (NYSE: RSO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2556-100free.
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MGIC Investment Corp. Analyst Notes
On May 12, 2014, MGIC Investment Corp. (MGIC) reported that the Company's primary subsidiary, Mortgage Guaranty Insurance Corporation, has added two veteran mortgage industry professionals to its sales team. According to the Company, the additions of Tim Makoutz, and Gregg Maske support MGIC's growing market share. Commenting on the appointments, Cheryl Webb, Senior Vice President Field Operations, stated, "It's important to MGIC that our customers feel like they've gained an experienced partner when they choose to do business with us. The depth of industry knowledge that Tim and Gregg bring with them reflects that commitment." The full analyst notes on MGIC are available to download free of charge at:
http://www.analystsreview.com/2556-MTG-16May2014.pdf
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Validus Holdings, Ltd. Analyst Notes
On April 30, 2014, the Board of Directors of Validus Holdings, Ltd. (Validus) declared a quarterly dividend of $0.30 per common share and $0.30 per common share equivalent for which each outstanding warrant is exercisable. According to the Company, the dividend is payable on June 30, 2014, to shareholders and warrant holders of record as of June 13, 2014. The full analyst notes on Validus are available to download free of charge at:
http://www.analystsreview.com/2556-VR-16May2014.pdf
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Lazard Ltd. Analyst Notes
On May 1, 2014, Lazard Ltd. (Lazard) announced its Q1 2014 results, with net revenue down by 12.9% QoQ and up by 32.7% YoY to $533.4 million. Net income attributable to Lazard for Q1 2014 was $80.8 million or $0.61 per diluted share, compared to Q1 2013 net income attributable to Lazard of $15.4 million or $0.12 per diluted share. Commenting on the results, Kenneth M. Jacobs, Chairman and CEO of Lazard, stated, "Our first-quarter performance underscores the power of Lazard's global franchise and market-leading concentration of senior-level expertise. Both of our businesses achieved strong results. Financial Advisory activity increased as our public, private and sovereign clients sought trusted advice on complex assignments. Asset Management reached a record level of AUM, with net inflows, as we provided high-quality investment solutions to institutional and retail clients around the world." The full analyst notes on Lazard are available to download free of charge at:
http://www.analystsreview.com/2556-LAZ-16May2014.pdf
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Aspen Insurance Holdings Ltd. Analyst Notes
On May 12, 2014, Aspen Insurance Holdings Ltd. (Aspen) reported that Aspen US Insurance, part of the insurance segment of the Company, announced the appointment of Roxanne Mitchell as Executive Vice President and Chief Casualty Officer. She will report to Bob Rheel, Executive Vice President and Head of US Property Casualty. Additionally, the Company stated that Mitchell's appointment, together with the addition of a number of new underwriters and promotions within the team, strengthens Aspen Insurance's presence in the US casualty market. Commenting on the appointment, Bob Rheel, stated, "The specialty casualty market in the US is complex and requires deep expertise and creative solutions. Roxanne's extensive knowledge of the segment, coupled with the expertise inherent within our casualty team, means that we are strongly placed to understand and support the unique specialty needs of our clients." The full analyst notes on Aspen are available to download free of charge at:
http://www.analystsreview.com/2556-AHL-16May2014.pdf
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Resource Capital Corp. Analyst Notes
On May 6, 2014, Resource Capital Corp. (Resource Capital) reported its Q1 2014 financial results. Total revenues for Q1 2014 were up by 4.4% YoY to $31.9 million. Q1 2014 net income allocable to common shares was $15.1 million or $0.12 per diluted share, compared to $11.5 million or $0.11 per diluted share in Q1 2013. Resource Capital CEO and President, Jonathan Cohen, stated, "We are pleased with our investment program during the 1st quarter. We are seeing real momentum in achieving our goals of increased commercial real estate loan originations, good credit, and adjusted funds from operations in line or better than our dividend." The full analyst notes on Resource Capital are available to download free of charge at:
http://www.analystsreview.com/2556-RSO-16May2014.pdf
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