Companies Announce Quarterly Financial Results and Make New Appointments - Research Report on Hudson City Bancorp, CoreLogic, Alleghany, HCC, and Endurance
NEW YORK, August 23, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Hudson City Bancorp, Inc. (NASDAQ: HCBK), CoreLogic, Inc. (NYSE: CLGX), Alleghany Corp. (NYSE: Y), HCC Insurance Holdings Inc. (NYSE: HCC), and Endurance Specialty Holdings Ltd. (NYSE: ENH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Hudson City Bancorp, Inc. Research Report
On July 31, 2013, Hudson City Bancorp, Inc. (Hudson) released its financial results for Q2 2013. The Company's net income was $48.7 million or $0.10 diluted earnings per share, in Q2 2013, compared to net income of $72.3 million or $0.15 diluted earnings per share, in Q2 2012. Hudson also stated that its Board of Directors has declared a quarterly dividend of $0.04 per share, which will be payable on August 30, 2013, to shareholders of record on August 12, 2013. Ronald E. Hermance, Jr., Chairman and CEO of Hudson said, "Our asset quality continues to improve as housing markets have become more active and home prices have started to increase. Total non-performing loans decreased $24.1 million and early stage delinquencies decreased $13.8 million during the second quarter of 2013. Total delinquencies have decreased $136.4 million since December 31, 2012." The Full Research Report on Hudson City Bancorp, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4d24_HCBK]
--
CoreLogic, Inc. Research Report
On July 24, 2013, CoreLogic, Inc. (CoreLogic) released its Q2 2013 financial results. The Company's operating revenues went up 9.7% YoY to $427.0 million. Net income attributable to CoreLogic came in at $43.6 million or $0.45 per diluted share, in Q2 2013, compared to $42.7 million or $0.40 diluted income per share, in Q2 2012. Frank Martell, CFO of CoreLogic, said, "Our second quarter financial results demonstrate the impact of our relentless focus on delivering against the key elements of our strategic business plan. We continue to grow and scale up D&A and MOS, boost profit margins and drive free cash flow. Our strong margin and cash flow profile provides the financial flexibility to complete the recently-announced acquisitions and, at the same time, significantly increase the return of capital to our shareholders by expanding our 2013 repurchase program to at least 8 million shares." The Full Research Report on CoreLogic, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/77d1_CLGX]
--
Alleghany Corp. Research Report
On August 5, 2013, Alleghany Corp. (Alleghany) announced its financial results for Q2 2013. The Company's total revenues were down by 3.1% YoY $1.2 billion during the quarter. Net earnings were $113.7 million, or $6.78 per diluted share, in Q2 2013, compared to net earnings of $109.3 million or $6.45 per diluted share, in Q2 2012. Weston M. Hicks, President and CEO of Alleghany said, "Our investment strategy remains focused on balancing interest rate risk by combining an intermediate duration fixed income portfolio with exposure to equity securities that have performed well in rising interest rate environments. We believe that our recently-announced strategic relationship with Ares Management will provide an additional interest-rate hedge through an allocation to credit strategies with floating interest rates." The Full Research Report on Brookfield Properties Corporation Alleghany Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/35e7_Y]
--
HCC Insurance Holdings Inc. Research Report
On July 30, 2013, HCC Insurance Holdings Inc. (HCC) reported its Q2 2013 and H1 2013 financial results. During the quarter, net earnings were $88.2 million, or $0.87 per diluted share, compared to $93.5 million, or $0.92 per diluted share, in Q2 2012. For H1 2013, the Company's total revenue was up 1.8% YoY to $1.3 billion; and net earnings were $194.0 million or $1.92 per diluted share, compared to $176.1 million or $1.71 earnings per diluted share in H1 2012. Christopher J.B. Williams, HCC's CEO, commented, "We are very pleased to report record earnings per share for the first half of the year, driven by a combined ratio that was once again below 85%. Our businesses continue to generate strong, consistent returns, and we are finding good opportunities to grow our existing businesses, as well as to add teams focused on new lines." The Full Research Report on HCC Insurance Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2248_HCC]
--
Endurance Specialty Holdings Ltd. Research Report
On August 12, 2013, Endurance Specialty Holdings Ltd. (Endurance) announced the appointment of Fred Cooper as the Company's Executive Vice President and Head of U.S. Financial Institutions Insurance. According to the Company, Cooper will be based in New York and will be responsible for growing specialty insurance business offering management liability coverage to financial institutions including hedge funds, private equity firms, banks and insurance companies. Commenting on the appointment, Jack Kuhn, CEO of Global Insurance, said, "Fred's demonstrated ability to develop and implement successful solutions in this specialty space will be an important component as we expand our insurance capabilities in the U.S. I am confident that under his leadership, we will deliver new product offerings and strengthen relationships with our retail and wholesale networks in this market." The Full Research Report on Endurance Specialty Holdings Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8b41_ENH]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
AnalystsCorner.com
SOURCE Analysts' Corner
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article