Property & Casualty Insurance Companies Announce Dividends, Termination Agreements and Conferences - Research Report on Tower, First American, AFG, Cincinnati Financial, and Arch Capital Group
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, September 3, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Tower Group Inc. (NASDAQ: TWGP), First American Financial Corporation (NYSE: FAF), American Financial Group Inc. (NYSE: AFG), Cincinnati Financial Corp. (NASDAQ: CINF), and Arch Capital Group Ltd. (NASDAQ: ACGL). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Tower Group Inc. Research Report
On August 19, 2013, Tower Group Inc. (Tower) announced that it has terminated its previously announced agreement to acquire American Safety Reinsurance, Ltd. (American Safety Reinsurance) from Fairfax Financial Holdings Limited. The Company further informed that it will receive $5 million in exchange for the termination of such agreement. As per Tower, American Safety Reinsurance is the Bermuda-based reinsurance subsidiary of American Safety Insurance Holdings, Ltd. The Full Research Report on Tower Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/TWGP]
--
First American Financial Corporation Research Report
On August 20, 2013, First American Financial Corporation (First American) announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per common share. First American reported that the cash dividend will be payable on September 16, 2013, to shareholders of record as of September 9, 2013. The Full Research Report on First American Financial Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/FAF]
--
American Financial Group Inc. Research Report
On August 22, 2013, American Financial Group Inc. (AFG) announced that its Board of Directors has approved an increase in the Company's annual dividend, raising it from $0.78 to $0.88 per share of common stock. AFG stated that the increased dividend, when declared, will be paid on a quarterly basis of $0.22 per share of common stock beginning in October 2013. Further, AFG reported that the new dividend rate represents a 12.8% increase over the annual rate paid thus far in 2013. Craig Lindner and Carl Lindner III, AFG's Co-CEOs said, "We are pleased to increase the annual dividend paid to our shareholders by 10 cents per share. This increase reflects our confidence in the Company's financial condition and liquidity, and its prospects for long-term growth." The Full Research Report on American Financial Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/AFG]
--
Cincinnati Financial Corp. Research Report
On August 16, 2013, Cincinnati Financial Corp. (Cincinnati Financial) announced that its Board of Directors has declared a $0.42 per share regular quarterly cash dividend, representing an increase from the previous dividend of c.$0.41 per share, paid on July 15, 2013.Further, Cincinnati Financial stated that the $0.42 per share dividend will be payable on October 15, 2013, to shareholders of record as of September 18, 2013. Steven J. Johnston, President and CEO of the Company said, "Cincinnati Financial shareholders have consistently benefited from increased dividends in each of the past 52 years, and this board action sets the stage for continuing that record for a 53rd year. The board of directors' decision not only benefits shareholders in the near term with cash dividends, but also reflects confidence in the company's prospects for long-term earnings growth." The Full Research Report on Cincinnati Financial Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/CINF]
--
Arch Capital Group Ltd. Research Report
On August 28, 2013, Arch Capital Group Ltd. (Arch Capital Group) announced that its Executive Vice President and CFO, Mark Lyons, is scheduled to present at the Barclays Capital Global Financial Services Conference in New York on September 10, 2013, at 3:30 p.m. ET. Additionally, Arch Capital Group stated that a live webcast will be made available during the presentation and the information will be archived for approximately 90 days, which can be accessed through a link specified on the Company's website. The Full Research Report on Arch Capital Group Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/ACGL]
----
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.
InvestorsReports.com
SOURCE Investors' Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article