23.08.2013 14:00:00
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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]
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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]
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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]
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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]
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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]
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