Market Overview

SeaBright Insurance Holdings, Inc (SBX) To Outperform


Analysts at the research firm Keefe, Bruyette & Woods have retained the earlier price target of $9 for Hallmark Financial Services (NASDAQ: HALL) and they have also reiterated the ‘market performer’ rating of the stock. Hallmark Financial Services is expected to report the 2009EPS at $0.90.

United America Indemnity Ltd. (NASDAQ: INDM) has been rated a ‘Market Performer’ as well. Its price target has been pegged at $8.5 and EPS for Year 2009 has been estimated at $1.10. According to the report, SeaBright Insurance Holdings, Inc (NYSE: SBX) is likely to outperform the market and therefore remains a ‘buy’ with a price target of $14 which is $0.5 lower than the earlier estimate of $14.50. Its earnings for the Year 2009 are expected to be $0.95 per share.

Tower Group, Inc. (NASDAQ: TWGP) is also expected to outperform the market with a price target of $31. Its estimated EPS for Year2009 is $3.20. Analysts have suggested that Selective Insurance Group (NASDAQ: SIGI) and W.R. Berkley Corporation (NYSE: WRB) are likely to perform average to the market and they have been given price targets of $16 and $28 respectively. Selective Insurance Group is expected to report an EPS of $1.30 for year 2009 whereas the same figure stands at $2.25 for W.R. Berkley Corporation. Tower Group, Inc. (NASDAQ: TWGP) is expected to outperform the market with the price target of $31 and expected EPS of $3.20. Zenith National Insurance Corp. (NYSE: ZNT) has been rated as laggard and analysts have recommended selling this share. Its price target is $25 and estimated EPS for Year2009 is $0.27

Posted-In: Bruyette & Woods KeefeAnalyst Color Price Target Analyst Ratings


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