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Business Mix Shift Positions Assurant For Better Growth, ROE, Morgan Stanley Says In Bullish Initiation
Tuesday, July 10, 2018 - 12:01pm | 403Read More...Insurer Assurant, Inc. (NYSE: AIZ) is poised for a 15-percent compound annual earnings growth rate thanks to accelerating growth and its accretive acquisition of TWG, according to Morgan Stanley. The Analyst Analyst Kai Pan initiated coverage of Assurant with an Overweight rating and $125...
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Warren Buffett Pushing More Cash To Equities; 'Big 5' Stocks Still At The Top
Wednesday, May 16, 2018 - 3:19pm | 611Read More...Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) filed its 13F for the first quarter on Tuesday, revealing what changes it made to its portfolio during the period. The company’s equity portfolio increased from approximately $166 billion at the end of 2017 to $169...
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Morgan Stanley Recaps Berkshire Hathaway's Q1 Print, Annual Meeting
Monday, May 7, 2018 - 2:47pm | 640Read More...Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) reported first-quarter results Saturday that showed a $1.1-billion net loss — and 49-percent jump in operating earnings. The Analyst Morgan Stanley's Kai Pan maintains an Equal-weight rating on Berkshire's Class B...
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Compelling Risk/Reward Seen In American International Group Shares; Morgan Stanley Upgrades
Tuesday, May 16, 2017 - 11:00am | 431Read More...Morgan Stanley upgraded shares of American International Group Inc (NYSE: AIG), citing the appointment of a credible CEO and a powerful valuation. These factors, according to the firm, is the combination for multi-year ROE improvement and shareholder value creation. The New CEO And His Goals...
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Morgan Stanley Sees 15% Upside In AIG, But Is On The Sidelines For Now
Thursday, May 5, 2016 - 9:14am | 310Read More...While American International Group Inc (NYSE: AIG) seems to have set up clear goals for 2017, there are likely to be execution challenges due to declining P&C pricing and lower investment returns, Morgan Stanley’s Kai Pan commented. The analyst resumed coverage of the company with an...
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Morgan Stanley Downgrades Brown & Brown To Underweight
Wednesday, January 27, 2016 - 9:56am | 274Read More...Brown & Brown, Inc. (NYSE: BRO) shares have been volatile in the past one year, and are down 6 percent since January 27, 2015. Morgan Stanley’s Kai Pan downgraded the rating for the company to Underweight, while reducing the price target from $33 to $30. Continued macro...
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Morgan Stanley Upgrades National General Following $315M Purchase Of CNIC
Tuesday, January 26, 2016 - 10:23am | 406Read More...On Tuesday, Morgan Stanley issued a company note on National General Holdings Corp (NASDAQ: NGHC) after the company announced the acquisition of Century-National Insurance Company. Following the news, Morgan Stanley upgraded National General to Overweight with a $23.50 price target. The...
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Morgan Stanley Upgrades W.R. Berkley To Equal-weight
Thursday, January 21, 2016 - 8:19am | 313Read More...W. R. Berkley Corp (NYSE: WRB) shares have lost 8 percent since December 21. Morgan Stanley’s Kai Pan upgraded the rating for the company to Equal-weight, while reducing the price target from $53 to $52. Following the recent pullback, share repurchases and M&A should support the...
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UPDATE: Morgan Stanley Downgrades Marsh & McLennan Companies As Strong Dollar Weighs On 2015 EPS Growth
Monday, February 9, 2015 - 7:58am | 89Read More...In a report published Monday, Morgan Stanley analyst Kai Pan downgraded the rating on Marsh & McLennan Companies (NYSE: MMC) from Overweight to Equal-Weight, and lowered the price target from $62.00 to $58.00. In the report, Morgan Stanley noted, "MMC's global franchise offers long-term 13%+...
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UPDATE: Morgan Stanley Reiterates On Brown & Brown As Challenges Weigh On Organic Growth
Wednesday, October 22, 2014 - 10:32am | 117Read More...In a report published Wednesday, Morgan Stanley analyst Kai Pan reiterated an Equal-Weight rating on Brown & Brown, Inc. (NYSE: BRO), and named a $34.00 price target. In the report, Morgan Stanley noted, “We expect ~13% EPS CAGR in 2014-16e and view valuation as reasonable at 18x NTM EPS and 9....
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Morgan Stanley Sees Solid 3Q Underwriting For The Progressive Corporation
Monday, October 13, 2014 - 9:19am | 139Read More...In a report published Monday, Morgan Stanley analyst Kai Pan reiterated an Underweight rating and $23.00 price target on The Progressive Corporation (NYSE: PGR). In the report, Morgan Stanley noted, “PGR is a pure play in personal auto with a large footprint in the fast growing direct segment. At...
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Morgan Stanley Leaves Thesis On XL Group plc Unchanged After News That Reinsurance Chief Will Retire
Thursday, October 9, 2014 - 9:35am | 168Read More...In a report published Thursday, Morgan Stanley analyst Kai Pan reiterated an Overweight rating on XL Group PLC (NYSE: XL) and maintained the $39.00 price target. XL Group PLC is currently on Morgan Stanley's Best Idea list. In the report, Morgan Stanley noted, “Our Overweight thesis remains...
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Morgan Stanley Sees Strong Reserve Cushion For PartnerRe Ltd.
Tuesday, October 7, 2014 - 8:40am | 217Read More...In a report published Tuesday, Morgan Stanley analyst Kai Pan reiterated an Equal-Weight rating on PartnerRe Ltd. (NYSE: PRE). In the report, Morgan Stanley noted, “PRE released its annual 2013 Global Loss Reserve Triangles in September and our actuarial review reveals $1.5b of excess reserves. We...
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XL Group Shares Move Higher After Being Added To Morgan Stanley's 'Best Ideas' List
Tuesday, July 29, 2014 - 8:45am | 208Read More...In a note released Tuesday morning, Morgan Stanley analyst Kai Pan added XL Group plc (NYSE: XL) to the firm's list of "best ideas." The addition to the list comes amid what Pan said is "solid" progress to 10 percent plus ROE. He noted that this view was reinforced by...
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Morgan Stanley Feels More Positive On XL Group PLC
Tuesday, July 1, 2014 - 9:23am | 115Read More...In a report published Tuesday, Morgan Stanley analyst Kai Pan reiterated an Overweight rating and $39.00 price target on XL Group PLC (NYSE: XL). In the report, Morgan Stanley noted, “We are incrementally more positive on XL's ability to deliver a double-digit ROE following a call with CFO Peter...
