Quarterly Dividends, Repurchase Programs, Disaster Relief Efforts and Stock Price Movements - Research Report on ACE, Hartford Financial Services, Progressive, Chubb and MGIC Investment
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NEW YORK, November 26, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting ACE Limited (NYSE: ACE), Hartford Financial Services Group Inc. (NYSE: HIG), Progressive Corp. (NYSE: PGR), The Chubb Corporation (NYSE: CB), and MGIC Investment Corp. (NYSE: MTG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
ACE Limited Research Report
On November 21, 2013, ACE Limited's (ACE) Board of Directors announced that it will recommend to shareholders a 24% increase in the Company's quarterly dollar-denominated dividend, from $0.51 per share to $0.63 per share, commencing with the quarterly dividend payments in January and March 2014. ACE's Board also announced the authorization of a share repurchase program of up to $2 billion of the Company's common stock through December 31, 2014, to replace the current authorization, which has $228 million remaining through December 31, 2013. Additionally, the Company stated that it is targeting up to $1.5 billion of share repurchases remaining between now and the end of 2014, which will be made from time to time depending on market conditions as well as the Company's view of risks and opportunities. In another press release dated November 21, 2013, ACE announced the appointment of John Lupica, Chairman, Insurance - North America, to the additional position of Vice Chairman, ACE Limited and ACE Group Holdings, where his responsibilities encompass the Company's property and casualty insurance operations in the U.S., Bermuda and Canada. The Full Research Report on ACE Limited - 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/97fa_ACE
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Hartford Financial Services Group Inc. Research Report
On November 21, 2013, Hartford Financial Services Group Inc. (The Hartford) announced that it has pledged $100,000 to the American Red Cross disaster relief efforts in support of those affected by Typhoon Haiyan in the Philippines. According to the Company, its contributions include a $50,000 corporate gift and dollar-for-dollar match of employee donations of up to $50,000. Greg Brown, Senior Vice President of Commercial Operations at The Hartford and a board member of the American Red Cross, Connecticut and Rhode Island Region, stated, "Our hearts go out to the Filipino community and all those whose family and friends have been impacted by Typhoon Haiyan. We are confident the country will rebuild and move forward from this catastrophe." The Full Research Report on Hartford Financial Services Group 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/ef1f_HIG
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Progressive Corp. Research Report
On November 21, 2013, Progressive Corp.'s (Progressive) stock rose 1.21% to $27.63 per share at the end of the day. Over the previous three trading day period, the Company's stock gained 1.36%, compared to the Dow Jones Industrial Average which gained 0.21% during the same trading period. The Full Research Report on Progressive 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/1d42_PGR
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The Chubb Corporation Research Report
On November 21, 2013, The Chubb Corporation's (Chubb) stock closed at $96.12 per share, reflecting an increase of 1.65% from its previous day close. The Company's stock was up by 1.48% over the past three trading day period, compared to the S&P500 which went up by 0.24% during the same trading period. The Full Research Report on The Chubb 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/b8c6_CB
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MGIC Investment Corp. Research Report
On November 21, 2013, MGIC Investment Corp.'s (MGIC Investment) stock closed the day at $7.95 per share, reflecting an increase of 4.06% over the previous day closing price. The Company's stock went up 3.64% over the past three trading day period, compared to the Dow Jones Industrial Average which went up 0.21% during the same three day period. The Full Research Report on MGIC Investment 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/01cc_MTG
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