Comments for HCC - Stockpickr! Your Source for Stock Ideas

Comments for HCC

Added By	Comments	Type	Date Added
sarah z	HCC Insurance Holdings Inc.'s board approved the repurchase of up to $100 million worth of its common shares, the Houston-based company said recently. HCC said its current share price presents a "compelling opportunity to invest" in its own stock. The stock trades for 4x cash flow.	Love	June 25, 2008
barrons2	Buy - Price 24.90 on June 17 by Signal Hill News of the MGIC Investment reinsurance contract has bolstered our confidence in our earnings estimates but not enough to warrant an estimate change [2008E EPS is $3]. According to management comments, the reinsurance transaction is "risk remote...." We believe the underlying business has traditionally posted loss ratios well below the threshold where HCC would have to pay claims....Using a $50 billion to $25 billion [coverage] range, our estimates could be adjusted by 3 cents to 8 cents annually, or 1% to 2% of our current $3 2008E operating EPS. The reinsurance contract is in an excess of loss basis, providing coverage for MGIC in the event of catastrophic losses. The agreement covers new mortgages only with origination dates between April 1, 2008, and December 31, 2010. HCC is in the business of assuming risk, and management attempts to lower its risk exposure to preserve book value in periods of large industry losses. ...While the company has been discounted lately due to a management change, operationally the company is sound and will not likely skip a beat. We believe investors can pick up a quality insurer on the cheap. Market cap: $2.7 billion.	Love	June 21, 2008
MrStockQuickie	40	Love	November 18, 2007
jpores	A well managed and focused insurance company with property casualty and international holdings. Has shown a consistent growth pattern.	Love	May 22, 2007