Financial Results, Business Expansions, Enhanced Performance Attribution Tools, and New Appointments - Research Report on Brown & Brown, Evercore, Northern Trust, Prospect, and SEI
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NEW YORK, July 18, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Brown & Brown Inc. (NYSE: BRO), Evercore Partners Inc. (NYSE: EVR), Northern Trust Corporation (NASDAQ: NTRS), Prospect Capital Corporation (NASDAQ: PSEC), and SEI Investments Co. (NASDAQ: SEIC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Brown & Brown Inc. Research Report
On July 15, 2013, Brown & Brown Inc. (Brown & Brown) announced its preliminary, unaudited financial results for Q2 2013. The Company's net income rose to $52 million or $0.36 earnings per share, compared to $42.5 million or $0.29 earnings per share in Q2 2012. The Company's total revenue increased 12.0% YoY to $325.8 million in Q2 2013. Commenting on the results, J. Powell Brown, President and Chief Executive Officer of the Company, said, "We are very pleased with our quarterly consolidated internal growth rate in core commissions and fees of 7.4%. Our largest Division, Retail, continues to show nice improvements with a quarterly internal growth rate in core commissions and fees of 2.3%, which reflects a gradual, but steady improvement in the middle-market economy. Our other Divisions, National Programs, Wholesale Brokerage, and Services, each had exceptional quarterly internal growth rates in core commissions and fees in excess of 10.0%." The Full Research Report on Brown & Brown 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/4291_BRO]
Evercore Partners Inc. Research Report
On July 10, 2013, Evercore Partners Inc. (Evercore) announced that it intends to expand its global investment banking platform by establishing a Private Capital Advisory (PCA) business focused on secondary transactions for private funds interests. The Company informed that Nigel Dawn and Nicolas Lanel have agreed to join Evercore to lead the business. The former will run PCA globally while the latter will head the European operations. According to Ralph Schlosstein, President and Chief Executive Officer of Evercore, "The PCA business fits perfectly into the Evercore model of providing independent advisory services to our clients based on our ideas, our intellectual capital and our relationships. We believe this business leverages the relationship network and market presence of our firm. We are excited that we have brought together a highly experienced team to lead this business and we are confident that they will build a strong global franchise that augments Evercore's ability to serve leading investors and fund sponsors worldwide." The Full Research Report on Evercore Partners 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/802a_EVR]
Northern Trust Corporation Research Report
On July 8, 2013, Northern Trust Corporation (Northern Trust) announced that it has improved its performance attribution tools with the implementation of daily security-level detail for fixed income within its Investment Risk and Analytical Services (IRAS) product suite, which is meant for investment managers and institutional investors. James Haran, Ph.D., Senior Product Manager for IRAS at Northern Trust, commented, "Our new daily security-level attribution model allows Northern Trust to deliver a more granular breakdown of returns generated within fixed income portfolios. While we have been able to provide fixed income attribution for many years, this model enhances our ability to highlight individual market factors such as curve, carry, yield, duration, and maturity and the resulting impact on client portfolios." The Full Research Report on Northern Trust Corporation - 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/1dfc_NTRS]
Prospect Capital Corporation Research Report
On July 8, 2013, Prospect Capital Corporation (Prospect) announced that it recently served as sole agent and provider of floating-rate senior-secured financing to support the recapitalization of Traeger Pellet Grills LLC (Traeger) by investment funds managed by Trilantic Capital Partners (Trilantic). David Moszer, Managing Director at Prospect Capital Management LLC, stated, "Prospect has now closed multiple transactions with Trilantic, demonstrating our deep relationships with private equity sponsors. Because of our expansive balance sheet, Prospect could close the entire term loan for Traeger as the sole lender, and we look forward to supporting the future growth of the company." The Full Research Report on Prospect Capital Corporation - 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/e381_PSEC]
SEI Investments Co. Research Report
On July 5, 2013, SEI Investments Co. (SEI) announced that it has been appointed as fiduciary manager by the Trustees of the Avery Dennison U.K. Pension Plan (Avery Dennison Plan). SEI stated that it will provide a bespoke offering to the Avery Dennison Plan, which will include the design and implementation of a de-risking strategy, continuous monitoring of the Plan's funding level, strategic investment consulting services, as well as day-to-day management of the Plan's investment strategy. Commenting on the appointment, Patrick Disney, Managing Director of SEI's Institutional Group in the EMEA region, said, "This appointment supports the view held by many trustees that partnering with a fiduciary manager can help them achieve their funding objectives. We look forward to working with the Avery Dennison's trustees to accomplish their goals." The Full Research Report on SEI Investments Co. - 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/d8c9_SEIC]
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SOURCE Analysts' Corner
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