• stock rating

    Selective Insurance Group SIGI Stock rating price target by RBC Capital

    best insurance stock – Selective Insurance Group SIGI Stock rating price target by RBC Capital : Selective Insurance Group (NASDAQ: SIGI) had its target price upped by RBC Capital from $20.00 to $23.00 in a report released on Monday. RBC Capital currently has a sector perform rating on the stock.

    Separately, analysts at Zacks upgraded shares of Selective Insurance Group from a neutral rating to an outperform rating in a research note to investors on Tuesday, January 8th. They now have a $21.50 price target on the stock.

    One analyst has rated the stock with a buy rating, and six have assigned a hold rating to the stock. The company currently has an average rating of hold and an average target price of $20.40.
    Selective Insurance Group traded down 0.77% on Monday, hitting $21.82. Selective Insurance Group has a 52-week low of $16.22 and a 52-week high of $22.08. The stock’s 50-day moving average is currently $19.85. The company has a market cap of $1.200 billion and a price-to-earnings ratio of 23.17.
    Selective Insurance Group last announced its earnings results on Thursday, January 31st. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.13. The company had revenue of $449.00 million for the quarter, compared to the consensus estimate of $394.86 million. During the same quarter last year, the company posted $0.33 earnings per share. Selective Insurance Group’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Selective Insurance Group will post $1.51 earnings per share for the current fiscal year.
    The company also recently declared a quarterly dividend, which is scheduled for Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, February 13th.
    Selective Insurance Group, Inc. is a holding company of seven insurance subsidiaries. The Company, through its subsidiaries, offers property and casualty insurance products and services in the East and Midwest of the United States.
  • Bankinter SA,  stock rating

    Bankinter SA stock ratings prices target by Nomura

    best insurance stock – Bankinter SA stock ratings by Nomura : Nomura reiterated their reduce rating on shares of Bankinter SA (MCE: BKT) in a research report sent to investors on Tuesday morning. The firm currently has a $3.73 (€3) price target on the stock.

    Other equities research analysts have also recently issued reports about the stock. Analysts at Macquarie reiterated an underperform rating on shares of Bankinter SA in a research note to investors on Wednesday, January 16th. They now have a $3.60 price target on the stock. Separately, analysts at Exane BNP Paribas reiterated an underperform rating on shares of Bankinter SA in a research note to investors on Tuesday, January 15th. They now have a $2.80 price target on the stock. Finally, analysts at Societe Generale reiterated a sell rating on shares of Bankinter SA in a research note to investors on Wednesday, January 9th. They now have a $3.68 price target on the stock.
    The stock’s 50-day moving average is currently €N.
    Bankinter SA is a Spain-based financial institution primarily engaged in the banking sector. The Bank offers a range services and products, such as current accounts, fixed-term deposits, investment funds and retirement plans, mortgages, insurance policies; as well as other banking operations to businesses and individuals.
  • Car Insurance

    cno financial group stock price outlook 2013

    cno financial group stock price outlook 2013 : CNO Financial Group, Inc. (CNO): Engages in the development, marketing, and administration of health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. Market cap at $2.23B, most recent closing price at $9.84. The stock is trading 3.59% below its 52-week high.

    Net institutional sales in the current quarter at -13.5M shares, which represents about 6.67% of the company’s float of 202.53M shares. The 2 top sellers of the stock are GW Capital, and Acadian Asset Management.

    cno financial group stock rating

    CNO Financial Group Business Summary
    CNO Financial Group , Inc.is a holding company for a group of insurance companies operating throughout the United States that develop, market and administer supplemental health insurance, annuity, individual life insurance and other insurance products.

  • Insurance

    Think About Small Business Liability Insurance

    Every business, paying little heed to whether it is gigantic or little, needs to survive, support and make benefits. In any case, business of any sort or size is unconventional and may get into incidents in light of bothersome or amazing conditions like basic debacles, fire, theft or diverse turmoil ridden situations. It is particularly troublesome for autonomous dares to guarantee their occupation or business if they stand up to ominous conditions with their forlorn spending designs. Various private endeavors kick the bucket as they disregard to cover these disasters. In this manner, it is basic for associations to have a danger organization structure for their business to anchor themselves against unforeseen disasters. 
    Assurance, considered as an essential bit of the peril organization system is the principle course for autonomous dares to anchor themselves. Today, there are various sorts of security techniques, of which Risk Protection is believed to be the best one for private ventures as it offers compensation to the fines related with commitment cases. 
    It covers following risks: 
    Commitment insurance shields a free wander from setback or damage to the most outrageous degree. Business chance insurance options are extraordinarily significant for associations as they cover the business property, claims for wounds by agents and visitors, laborer compensation and some more. A segment of the essential sorts of hazard insurance for free ventures and their degree are cleared up underneath in detail. 
    Business property assurance 
    Business Property Protection, as the name itself demonstrates covers the business property of the private wander. Its degree consolidates the building or structures in which you cooperate, covering, window trimmings, outside signs, property of others et cetera. If you pick a right business insurance property, it covers all the basic equipment, for instance, PCs, mechanical assembly, supplies, stock et cetera. 
    Capable reimbursement assurance 
    Capable Reimbursement Protection, furthermore called as Expert Obligation Protection or Mistakes and Exclusions’ hazard insurance, is a basic idea for minimal master associations that are in advantage industry. They are exhibited to a broad assortment of cases that may join domains, for instance, botches, oversights, capable dismissal, double dealing, break of grouping et cetera. This assurance shields associations from the bodies of evidence made by clients against the movement of poor organization. This sort of insurance is generally procured by specialists, for instance, a pros, lawful consultants, engineers, creators, merchants, fiscal advocates, clerks, counselors, building legally binding laborers, and legal advisors et cetera who keep up their own specific business. 
    Thing insurance 
    Thing assurance or Item Obligation Protection shields the business people from the cases recorded against them for collecting or making harmed things. This kind of assurance is to a great degree supportive for little scale makers or shippers. This hazard insurance anchors privately owned businesses in case a man is hurt or kicked the pail using a thing delivered or made by the business. 
    Work sharpens commitment scope 
    Work Practices Obligation Protection covers autonomous organizations against claims by delegates or business accomplices when their honest to goodness rights are harmed. This insurance approach guarantees managers against break of work contract, hardship of livelihood opportunity, division, screw up of delegate advantage plans, thoughtless evaluation, unseemly conduct, wrongful prepare or end et cetera. 
    Excess commitment scope 
    Excess Risk Protection, moreover called as Umbrella Obligation Protection or Business umbrella insurance gives additional security to any of a couple of various methodologies that an autonomous wander may hold. It anchors associations when an accident or similar claim outperforms the measure of their present commitment scope, which may consolidate therapeutic costs or other claim portions.
  • Car Insurance

    Life Insurance for Tradies

    When you think about dangerous occupations, tradies don’t exactly spring to mind.
    But according to Safework Australia, labourers and related workers had the highest incidence rates of work-related injury – nearly three times the rate of all occupations 1.
    Add in the likelihood of diseases like cancer, many tradies are playing a dangerous game without life insurance and are risking their most important tool of the trade.
    Workers’ Compensation can provide some cover for workers. But it can be a long wait for benefits and it doesn’t cover things that aren’t work-related, like cancer and heart disease – which can often be even more devastating financially for a family.
    That’s where life insurance can fill the void.
    What is life insurance?
    Life insurance encompasses a number of different types of insurance covers, including life cover, income protection cover, total and permanent disability (TPD) cover, and trauma cover.
    Life cover pays a lump sum if you die or are diagnosed with a terminal illness. The lump sum can be used to meet final expenses, pay off the family mortgage so that your family isn’t left without a home, fund future child education fees and set aside money to meet your family’s ongoing living needs.
    Income protection cover pays up to 80% of your income if you can’t work because of sickness or injury. This money is essential in helping to meet your ongoing living needs, including meeting your mortgage repayments, when you are ill.
    TPD cover pays a lump sum if you are totally and permanently disabled. The payout provides a funding mechanism to repay debts, pay medical bills and modifications to your home and motor vehicle as well as meet lifetime living costs.
    Trauma cover pays a lump sum if you are seriously injured in an accident, or if you are diagnosed with one of a number of serious medical conditions, like cancer and heart attack. The proceeds can be used to meet medical treatment costs as well as provide financial support in a time where a spouse may wish to take time off work to nurture their ill partner.
    If you run a business, you can also take out business expense insurance – helping you cover fixed business costs like rent, electricity and some employee salaries (often excludes income producing employees).
    With so many different types of life insurance available, it’s important to discuss your own insurance needs with a financial adviser.
    How much does life insurance cost?
    Premiums vary depending on the product and a range other factors.
    There are also a number of tax concessions associated with life insurance.
    For starters, you may be able to hold your life and TPD insurance cover inside super. This means you can use your pre-tax salary to pay your premiums.
    Another benefit specific to income protection and business expense insurance is that the premiums are generally tax deductible.
    1 “Key Work Health and Safety Statistics Australia, 2010”
    Safework Australia
    As this information has been prepared without considering your objectives, financial situation or needs, you should, before acting on this information, consider its appropriateness to your circumstances and speak to your financial adviser.

    This material is not intended to constitute personal advice, and must not be relied on as such. This information has been prepared without taking into account your objectives, financial circumstances or needs. Before making a decision based on this material, you should consider the appropriateness of this material having regard to your own objectives financial circumstances and needs. You should consider obtaining independent advice before making any decision.
  • insurance market share

    US life insurance industry forecast 2013

    Best Insurance stock – US life insurance industry forecast 2013 : The credit outlook for the U.S. life insurance industry is stable for 2013, reflecting the industry’s strong balance sheet fundamentals and improved liquidity profile, according to Fitch Ratings.

    These positive factors have somewhat mitigated Fitch’s ongoing concerns over the challenging macroeconomic environment that continues to pressure operating fundamentals. While Fitch believes the industry is well positioned to withstand macroeconomic challenges over 2013, the outlook is vulnerable to severe, albeit unexpected shocks to the economy.


    The ‘fiscal cliff’ and Eurozone debt crisis remain the predominant risk for the global economic and credit outlook, although Fitch’s base case assumption is that policy makers will take necessary steps to avoid disorderly shocks.

    Fitch expects that sustained low interest rates will limit earnings growth, but will not have a material negative effect on industry capital in 2013. The industry’s exposure to an unexpected interest rate spike would raise concerns over disintermediation risk.

    Fitch expects that if interest rates stay low much beyond 2014, the agency’s outlook would likely be revised to negative based on weakened earnings profile and anticipated negative capital impacts.

    Fitch also expects ongoing rationalization of products and markets resulting from the financial crisis to accelerate in 2013. Credit implications are likely negative over the near term due to potential capital charges, but could be favorable longer term. This rationalization process is creating increased opportunities for both traditional players and nontraditional players, which are expected to play an increasing role in the industry.

    Ernst & Young – 2013 US life-annuity insurance outlook
    The US life insurance industry is confronting significant demographic, macroeconomic and regulatory challenges to business models and operations. In 2013, successful players are repositioning and reinventing their products, strategies and services, positioning their companies for growth and profitability in the competitive, lower-margin market.

    Insurers are competing in a market where average household expenditures on life insurance have declined 50% over the past decade, a decrease most noticeable among younger consumers. Product preferences for all consumers are also altering, given the prolonged low-interest-rate environment and equity market upheaval.

    In response, US life insurers are transforming their products and businesses. Many are introducing novel products and enhancements that are attractive to consumers and profitable for insurers in the low-interest-rate environment. Carriers are leveraging technology to improve business models and product offerings, thus enhancing their value propositions to customers, while estructuring operations and distribution to communicate and transact with customers on their terms.

    These positive developments are expected to continue in 2013, despite the persistent economic difficulties. Real Gross Domestic Product (GDP) is expected to grow only modestly between the fourth quarter of 2012 and the fourth quarter of 2013, although the unemployment rate could begin to improve during the year. Interest rates are likely to remain low, and equity markets are expected to be volatile. Insurers’ financial positions will be impacted by management and expense fee instability, Deferred Acquisition Cost (DAC)
    write-downs, hedging losses and basis risk and reserves and capital adequacy.

    The continuing volatility is causing reluctance among consumers with regard to purchasing variable products, and the low crediting rates on fixed products are not perceived as a particularly attractive alternative. Regulatory forces also challenge the industry. At the federal level, life insurers with banking operations, or those designated a Systemically Important Financial Institution (SIFI), confront possible increased regulation by the Federal Reserve to improve risk management. Life insurers also must prepare for possible actions taken by the new Consumer Financial Protection Bureau (CFPB), which reviews assorted financial services transactions like insurance sales.

    Other pressures include emerging US and international accounting standards that may adversely affect business operations and business models. At the state level, life insurers continue to adapt to current and prospective National Association of Insurance Commissioners (NAIC) regulations, such as the Risk Management and Own Risk and Solvency Assessment Model Act, commonly called ORSA.

    Within this economic environment, many companies are rethinking the businesses they are in and developing new ways to sustain a profitable, competitive advantage. Outsourcing and shared services, for instance, may reduce costs and improve efficiency, in addition to increased use of data analytics, mobility and digitization — the buzzwords of the moment.  Indeed, operations and technology are increasingly the source of competitive advantage. In 2013, insurers should continue to address the changing regulatory environment by evaluating their product lines and markets. Improving capital and risk management still remains a priority, as does a continuing engagement with legislators to shape key tax policies.

    To respond to these market forces during the coming year, senior management needs to:
    • Rethink business strategy for sustainable competitive advantage
    • Respond to consumer needs and changing distribution to grow
    • Transform products to adapt to economic challenges by:
    • Preparing for a scenario of long-term, low interest rates
    • De-risking and redesigning products
    • Harness big data for sustainable advantage
    • Position the business for tax, regulatory and accounting change by:
    • Staying attentive to tax changes in this time of governmental need for revenue
    • Increasing focus on risk management and consumer protection to prepare for regulatory change
    • Organizing and planning for accounting change

    read full  Ernst & Young analysis ; http://www.ey.com/Publication/vwLUAssets/2013-US-life-annuity-insurance-outlook/$FILE/2013-US-life-annuity-insurance-outlook_EG0097.pdf
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  • insurance news,  small business insurance,  uk insurance

    small businesses will no longer pay national insurance contributions 2014

    UK small business insurance – small businesses will no longer pay national insurance contributions 2014 : Up to 450,000 small businesses will no longer pay national insurance contributions from next year, the chancellor claimed on Wednesday in what he described as “the largest tax cut in the budget”.

    But even as George Osborne set out measures intended to boost cash-strapped small businesses, he faced criticism for not holding off on planned increase in business rates.

    He introduced an employment allowance which removes the first £2,000 off the employers’ national insurance contributions, which he said was taking a “tax off jobs“.
    The allowance will cost almost £6bn over five years, and means that a third of all employers in the country are paying “no jobs tax at all”, said the chancellor.
    “For the person who’s set up their own business, and is thinking about taking on their first employee – a huge barrier will be removed. They can hire someone on £22,000, or four people on the minimum wage, and pay no jobs tax,” he said.
    But the tax change is not expected to come into effect until next year, and the cut to corporation tax for big business to 20% by 2015 brings the rate into line with the one small business are charged for the first time since 1973.
    Roy Maugham, tax partner, at accountants UHY Hacker Young, warned that the unification of the corporation tax rate could have implications for small businesses. “The concern is that small businesses will be tripped up by what is not explicit in the budget. Currently, companies on the main rate will pay corporation tax in quarterly instalments, while smaller companies will pay once a year. Unifying the rates implies that small companies will now be expected to pay corporation tax every quarter,” Maugham said.
    While the Forum of Private Business welcomed the change, the lobby group’s head of policy Alex Jackman said: “Our only disappointment with this is that it’s 12 months away, and that’s a mighty long way off”.
    Jackman had hoped for a reduction in business rates – which will have risen 13% in three years after April’s planned 2.6% rise. Retailers reckon this could cost £175m a year.
    “Ask any small businesses what they wanted to see from this budget and many will have said: ‘action on business rates’,” added Jackman.
    The British Retail Consortium, which represents high-street stores, had also hoped for action on business rates: “Pressing on with a third-successive substantial business rates rise is very disappointing. Freezing rates would have made a real difference to our troubled high streets and the communities that rely on them.”
    With lending to small businesses down 25% in real terms since its peak in 2009, and almost 10% lower than in 2006, small businesses were also eager for information about the business bank that has been advocated by the business secretary, Vince Cable.
    More details are due to be unveiled on Thursday when it is expected that the government will concede that the state-backed bank will not become a fully-functioning entity until autumn 2014 while it waits for state aid approval from Europe.
    Until then, it will operate from Cable’s department for schemes that do not need state aid approval and is likely to reiterate that no additional funding on top of the £1bn allocated to the business bank will be made. But details of how the funding will be allocated is expected to include £75m of venture capital and £25m to extend the existing enterprise capital fund programme.
    Cable, who has also been pressing for changes to the existing funding for lending scheme intended to reduce the cost of borrowing for small businesses, regards the business bank as the central plank of his industrial strategy.
    Little detail was provided about how the funding for lending scheme, operated by the Bank of England, might be tweaked to have more of an impact on encouraging lending to small businesses.
    Osborne also pressed ahead with his plan to create a John Lewis-style employee share ownership by allowing workers to surrender employment rights in return for shares worth up to £50,000 in their companies. Even as the plan was defeated in the House of Lords by 232 votes to 178, Osborne indicated that he did not want to abandon a proposal despite warnings that the move could lead to tax avoidance.
    He plans to introduce an additional incentive to enable employers to hand over £2,000 of shares exempt from income tax and national insurance contributions.
    This incentive will cost the public purse £200m over the next five years.
    Janet Williamson of the TUC said, “£200m spent on bribing hard working families to give up their hard won employment rights.”
    Osborne also promised capital gains tax relief for owners of businesses although some tax experts were concerned about the impact that a change in the inheritance tax regime would have on small business owners. David Kilshaw, tax partner at KPMG, said that businesses were normally exempt from inheritance tax but the owners’ homes – often used as security for business loans – were subject to inheritance tax. In the past, owners with such borrowings were able to use their debt to avoid inheritance tax bill but that will no longer be the case.
    “This is a nasty shock for business owners. They will now have to budget for unexpected inheritance tax bills and they may be faced with a horrible choice – do their heirs sell the family home or does the business pay the tax?” said Kilshaw.
    The chancellor said he wanted to “increase five fold” the value of government procurement contracts available to small businesses. ( source http://www.guardian.co.uk/ )
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