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Berkshire Shares 'Attractively Valued,' Barclays Says Future Acquisitions To Be Immediately Accretive
Tuesday, April 25, 2017 - 1:22pm | 395Read More...Investors looking to employ a "coat-tail" strategy and invest in what billionaire Warren Buffett invests in may be making the right move. Barclays' Jay Gelb commented in a research report that Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) holding company is "well positioned" to take...
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Berkshire Hathaway Ends 2016 With Mixed Results, Eye Toward M&A Opportunities
Monday, February 27, 2017 - 12:03pm | 349Read More...Warren Buffett released over the weekend his annual letter to Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B)'s shareholders, which according to analysts at Barclays, was consistent with what was expected and didn't include any surprise announcements. Barclays' Jay Gelb highlighted the...
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Sell-Side Mostly Positive On Athene Holding As Quiet Period Expires
Tuesday, January 3, 2017 - 3:30pm | 561Read More...Athene Holding Ltd (NYSE: ATH) offered 27 million shares of its Class A shares in an initial public offering, with the offering priced at $40 per share. Subsequently, the shares began trading on the NYSE on December 9. Now that the quiet period — the mandatory 40- or 90 day-period from...
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Berkshire Hathaway Shares Trade At $215,000...And Are Still Undervalued
Monday, November 7, 2016 - 11:11am | 372Read More...Berkshire Hathaway Inc. (NYSE: BRK-A) reported its Q3 EPS ahead of expectations. Although the company continues to face earnings headwinds from BNSF Railway and its legacy industrial and manufacturing businesses, a recovery in earnings growth is likely in 2017, Barclays’ Jay Gelb said in a...
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Willis Towers Watson Management Remains Upbeat On Meeting Sales Growth Targets
Friday, September 30, 2016 - 10:22am | 286Read More...Willis Towers Watson PLC (NASDAQ: WLTW) held its first analyst day as a combined entity on Thursday. The company maintained an upbeat tone regarding its margin potential and free cash flow generation in 2018. Barclays’ Jay Gelb maintained an Overweight rating on the company, with a $148...
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Barclays Raises Targets On Insurance Stocks Ahead Of Q3 Earnings
Friday, September 30, 2016 - 8:47am | 495Read More...Fundamentals of the insurance sector continues to be weak, with pricing pressure, underlying margin compression and low investment yields. Despite this challenging backdrop, there is potential for continued book value growth, Barclays’ Jay Gelb said in a report. Analyst Gelb expects P...
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Why This Analyst Can't Justify Lifting His Rating On Arch Capital At This Valuation
Tuesday, September 27, 2016 - 4:09pm | 369Read More...Barclays analyst Jay Gelb believes Arch Capital Group Ltd. (NASDAQ: ACGL) is the best managed insurance company with solid track record of growth in book value per share. That alone did not merit the shares to be upgraded or target price increased. He believes the stock price has already factored...
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Reduced Earnings Estimates For Arthur J. Gallagher As Barclays Sees Less Organic Sales Growth
Monday, September 26, 2016 - 11:32am | 243Read More...Arthur J Gallagher & Co (NYSE: AJG) webcast an investor meeting Friday. Following the informal meeting, Barclays analyst Jay Gelb reduced the firm's 2016/2017 EPS estimate from $2.82/$3.10 to $2.76/$3.05. The decision was based on "lower-than-anticipated margin expansion in Brokerage, and...
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Free Cash Flow In Focus For Willis Towers Watson As Investor Day Approaches
Monday, September 26, 2016 - 11:02am | 353Read More...Barclays’ Jay Gelb expects Willis Towers Watson PLC (NASDAQ: WLTW) to maintain an upbeat tone regarding the prospects of the combined business at the company’s first analyst day as a combined entity on September 29. Gelb maintains an Overweight rating on the company with a price target...
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Barclays Thinks All The Goodness Of Arch Capital's New Acquisition Already Baked Into Price
Thursday, September 15, 2016 - 11:24am | 318Read More...Barclays’ Jay Gelb believes the good news associated with the expected accretion from the United Guaranty acquisition is already priced into Arch Capital Group Ltd. (NASDAQ: ACGL)'s share price. Gelb downgraded the rating on the company from Overweight to Equal Weight, with a price target of...
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Despite Catastrophe Losses, Everest Q2 Results Come In Above Consensus Estimates
Tuesday, July 26, 2016 - 2:48pm | 268Read More...Barclays maintains its Overweight rating and $215 price target on Everest Re Group Ltd (NYSE: RE) after the reinsurer reported better-than-expected second-quarter results despite catastrophe losses. Everest Re's second-quarter operating EPS of $3.17 (-37 percent year-over-year) topped Barclays'...
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Barclays Bullish On Marsh & McLennan's Mercer Unit
Monday, June 20, 2016 - 11:48am | 253Read More...Barclays expects Marsh & McLennan Companies, Inc. (NYSE: MMC) consulting unit Mercer to deliver increased earnings and margins, while reaffirming its Overweight rating and $71 price target on the stock. Mercer is a $4.3 billion consulting business representing one-third of the total company...
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Barclays Still Loves Berkshire Hathaway, But Notes 1 Risk
Monday, March 2, 2015 - 1:08pm | 356Read More...Barclays reiterated an Overweight rating on Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) Monday following the release of the company's annual shareholder letter. Analyst Jay Gelb commented that the company's Q4 operating earnings were below the firm's projections and were...
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Barclays Optimistic On Pace Of AIG's $2B Buyback Plan
Friday, June 6, 2014 - 12:40pm | 270Read More...In a report published Friday, Barclays analyst Jay Gelb raised the price target on American International Group (NYSE: AIG) from $56.00 to $64.00 following the company's announcement of a $2 billion buyback plan. The $2B Buyback Plan In a press release on Thursday, the American...
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UPDATE: Barclays Capital Downgrades AFLAC On Anticipated Slow EPS Growth
Friday, May 23, 2014 - 8:24am | 135Read More...In a report published Friday, Barclays Capital analyst Jay Gelb downgraded the rating on AFLAC (NYSE: AFL) from Overweight to Equal-Weight, and lowered the price target from $78.00 to $67.00. In the report, Barclays Capital noted, “We downgrade Aflac to EW from OW because we now expect its...
