+ Watch HGIC
on My Watchlist
The Company is an insurance holding company which, through its subsidiaries, engages in the property and casualty insurance business on a regional basis.
I recently purchased this stock after doing some research...They keep the combined ratio in the neighborhood of 100%, meaning they don't make or lose much on the underwriting business. However, free cash flow over the past several years has been high enough to do two important things: A) grow long term investments and B) fund a growing dividend. The loss triangles show that in recent years, they've become more conservative with their reserves. Therefore surprise underwriting losses in the future are less likely.
I punched my ticket on this today, and I suggest that anyone else who hit the jackpot here does the same. While I have no reason to believe the Nationwide deal will fall through, I see no sense in risking a $30/share profit to hold out for the last $1.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions