BGB Securities

According to a research report published this morning, BGB Securities has upgraded RLI (NYSE: RLI) from Sell to Hold. In the report, BGB Securities commented, "RLI continues to put up enviable results. Despite a higher 1Q12 combined ratio of 89.1% vs. 83.6% the prior year, the company continues...

BGB Securities maintained its Brown & Brown (NYSE: BRO) Buy rating on the company's earnings announcement released today. BGB Securities has a $30 price target on the company. In the report, BGB Securities stated, "BRO's 1Q12 earnings' sets a good tone for the first quarter. Organic growth is...

BGB Securities increases its price target to $40 on Buy-rated CarMax (NYSE: KMX) as it is optimistic on the company's long-term outlook. BGB Securities says, "KMX reported 4Q12 results on Thursday, April 5, 2012. EPS for the quarter was $0.41, beating our estimate by a penny. Comp store used...

According to a research report published earlier today, BGB Securities has decreased TeleTech Holdings' (NASDAQ: TTEC) PT from $20 to $17 after the company provided disappointing guidance for CY12. In the report, BGB Securities said, “While the company has been focusing on growing its higher...

BGB Securities lowers its price target on Hold-rated Employers Holdings (NYSE: EIG) on acquisition expenses and lower investment income. BGB Securities says, "Acquisition expenses are running high as EIG is paying incentives to grow its business. The investment portfolio was slightly lower as the...

BGB Securities raises its rating on Meadowbrook Insurance Group (NYSE: MIG) as the addition to reserves for the fourth quarter appears to be a one-time deal. BGB Securities notes, "Despite disappointing results for the quarter due to increasing reserves on prior year business, the company does...

BGB Securities remains Buy rated with a $50 target price on Loews (NYSE: L) as the company continues its steady performance and its stock remains undervalued and highly attractive. BGB Securities notes, "We believe that investors should not be overly concerted with near-term EPS at Loews, due to...

BGB Securities reiterates its Buy rating and $500 target price on Biglari Holdings (NYSE: BH) as the company remains attractive, having had another solid quarter. BGB Securities notes, "Same-store sales at Stean n Shake increased 5.5% YoY in 1Q12, with customer traffic growing 5.7% considering...

According to a research report published today, BGB Securities said that Biglari Holdings Inc., (NYSE: BH) had another strong quarter led by the performance of Steak n Shake. “BH reported 1Q12 results after the market closed on Friday, January 27, 2012. Same-store sales at Steak n Shake (the...

BGB Securities lowers its rating on Meadowbrook Insurance (NYSE: MIG) to Hold and lowers its price target to $12 as company reports lower 4Q11 earnings due to reserve adjustment and adjusts its guidance into 2012. BGB Securities says, "The company has completed a fourth quarter review of reserves...

BGB Securities has downgraded Meadowbrook Insurance Group (NYSE: MIG) from Buy to Hold.

BGB Securities maintains its Buy rating and $30 target price on AmTrust Financial Services (NASDAQ: AFSI) as the company issues $175M Convertible Senior Notes Due 2021. BGB Securities says, "The company announced a private offering of $175< of senior unsecured notes due December 2021. The...

BGB Securities maintains its Buy rating and $28 target price on Brown & Brown (NYSE: BRO) as the company's Arrowhead acquisition is one of its largest. BGB Securities says, "The acquisition of Arrowhead General Insurance Agency for $400M (including contingent commissions) will expand the...

A report from BGB Securities reiterates its Hold rating and $7.50 price target on Krispy Kreme Doughnuts (NYSE: KKD). The report states, “The launch of KKD's new coffee platform has shown positive early results, according to management, though they offered few specifics. The goal is to eventually...

A report from BGB Securities reiterates its Buy rating and $19 price target on Convergys Corp. (NYSE: CVG). The report states, “We are reiterating our Buy rating and $19 price target on CVG as news outlets are reporting that Comverse's (CMVT – NR) billing segments has received interest from...