StockMarketWire.com - Barclays Capital today reaffirms its overweight investment rating on RSA Insurance Group PLC [LON:RSA] and raised its price target to 600p (from 586p). ...
First quarter gross written premiums at RSA Insurance grew by 1% at constant currency rates to £2.09bn in the first quarter, the company said on Thursday.
UK stocks are looking attractive amid renewed sterling weakness and potential turning tide after years of being under-held by fund managers, said BoA Merrill Lynch on Friday, highlighting particular value in Ashtead, GVC Holdings, National Grid, Standard Chartered and RSA Insurance.
(WebFG News) - Experian: Deutsche Bank upgrades to buy with a target price of 1,750p.
RSA Insurance posted a jump in full-year profit on Thursday and bumped up its dividend as a strong performance in Scandinavia, Canada, the Middle East and Ireland helped to offset a poor showing in the UK.
Tullow oil: Barclays downgrades to equal weight with a target price of 190p.
RSA Insurance Group reported "continued progress" at the end of its third quarter, despite hurricane costs in the period, with group premium income up 8% in the year-to-date or 3% at constant exchange rates.
RSA Insurance got a boost on Tuesday as JPMorgan Cazenove upgraded the stock to 'overweight' from 'neutral' as it took a look at the UK non-life sector.
RSA Insurance said late on Monday that trading results in the third quarter to date have been positive, with the exception of the UK business segment, which was hit by weather events.
RSA Insurance reported a 15% rise in first-half group operating profit on Wednesday thanks to strong performances in Scandinavia and Canada, but the increase in its dividend fell short of expectations.
Barclays: Goldman Sachs downgrades to Sell with a target price of 180p.
Insurer RSA said it had lifted first-quarter net written premiums by 14% as losses from weather were lower than average.
Stocks in London ended their Monday firmly ahead as investors took cheer from centrist and pro-EU candidate Emmanuel Macron winning the first round of France's presidential election.
Esure: Barclays downgrades to Equal Weight with a target price of 234p.
UBS adjusted its ratings on UK motor insurers on Friday to reflect changes to the Ogden discount rate used to calculate lump sum payouts for personal injury claims, which was recently cut to -0.75% from 2.5%.
Shares in Cape are up almost 4% after it reached agreement to settle the insurer product-liability (Insurer PL Litigation) claims, allowing the matter to be resolved outside the court process.
Shares in life insurers and financials paced gains at the end of the week, with the likes of Old Mutual, Standard Life and Pruential all trading near the top of the leaderboard.
WH Smith: Barclays upgrades to Overweight with a target price of 1990p.
Rightmove: Morgan Stanley downgrades to Equal Weight with a target price of 4400p.
London shares closed lower on Thursday with banks leading the drop in blue-chip stocks in a session overflowing with mostly well-received corporate news.