TD Cowen Initiates Coverage On Berkshire Hathaway with Hold Rating, Announces Price Target of $465
$BRK
TD Cowen analyst Andrew Kilgerman initiates coverage on Berkshire Hathaway (NYSE:BRK) with a Hold rating and announces Price Target of $465.
Save time and jump to the most important pieces.
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally. These companies collectively are known as General Re Group (Gen Re). (Please see below for a detailed listing of these companies and Credit Ratings [ratings].) In addition, AM Best has affirmed the Long-Term ICR of "aa+" (Superior) of General Re Corporation (Delaware). The outlook of these ratings is stable. The ratings reflect Gen Re's balance sheet s
AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings of "aa-" (Superior) of Central States Indemnity Co. of Omaha (CSI), and its subsidiary, CSI Life Insurance Company (CSI Life). The outlook of these Credit Ratings (ratings) is stable. Both companies are domiciled in Omaha, NE. The ratings reflect CSI's and CSI Life's balance sheet strength, which AM Best assesses as strongest, as well as their adequate operating performance, limited business profile and appropriate enterprise risk management. Additionally, CSI and CSI Life benefit from their very conservative underwriting leverage, above average liquidity position and the implicit s
AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of "aa+" (Superior) of United States Liability Insurance Company (USLI) and its subsidiaries: Mount Vernon Fire Insurance Company; U.S. Underwriters Insurance Company (Bismarck, ND); Mount Vernon Specialty Insurance Company; and Radnor Specialty Insurance Company. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Omaha, NE, unless otherwise specified. The ratings reflect the insurance operating companies' consolidated balance sheet strength, which AM Best assesses as strongest, as well as their very strong operating performance, neutral busines
BALA CYNWYD, Pa., May 17, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the "Company"), parent company of specialty property and casualty insurance providers Penn-America Group®, United National Group®, Diamond State Group®, American Reliable Insurance Company®, and Collectibles Insurance Services™ today announced the appointment of Reiner R. Mauer as the chief operations officer of Global Indemnity's insurance businesses and the Company's principal operating officer. Mr. Mauer is a 29-year veteran property & casualty insurance industry senior executive, with expertise in commercial and personal lines insurance, specialty insurance and operations. Prior to joining Gl
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally. These companies collectively are known as General Re Group (Gen Re). (Please see below for a detailed listing of these companies and Credit Ratings [ratings].) In addition, AM Best has affirmed the Long-Term ICR of "aa+" (Superior) of General Re Corporation (Delaware). The outlook of these ratings is stable. The ratings reflect Gen Re's balance sheet s
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "aa+" (Superior) of General Reinsurance Corporation (headquartered in Stamford, CT) and its core property/casualty (P/C) and life (re)insurance subsidiaries operating in the United States and internationally. These companies collectively are known as General Re Group (Gen Re). (Please see below for a detailed listing of these companies and Credit Ratings [ratings].) In addition, AM Best has affirmed the Long-Term ICR of "aa+" (Superior) of General Re Corporation (Delaware). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Gen Re'
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of Finial Reinsurance Company (Stamford, CT), an indirect subsidiary of Berkshire Hathaway Inc. (Berkshire) (NYSE:BRK). The outlook of these Credit Ratings (ratings) is stable. The ratings of Finial Reinsurance Company reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The ratings also reflect Finial Reinsurance Company's strongest level of risk-adjusted capitalization, as measured by Best's Capital Ad
Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK) has reduced its stake in BYD Company (OTC:BYDDY), China’s largest electric vehicle maker, to below 5%, marking a continued shift in focus towards U.S. investments for the Omaha, Nebraska-based conglomerate. Berkshire recently decreased its holding in BYD to 4.94% from 5.06%, selling 1.4 million H shares at an average price of 246.96 Hong Kong dollars (approximately $31.64) per share, reported The Wall Street Journal. Dropping below the 5% threshold means Berkshire is no longer required to disclose its sales of BYD stock on the Hong Kong stock exchange. Following the news, BYD shares fell 3.1% in Hong Kong and 4.7% in Shenzhen on Tue
TD Cowen analyst Andrew Kilgerman initiates coverage on Berkshire Hathaway (NYSE:BRK) with a Hold rating and announces Price Target of $465.
Warren Buffett's Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) has offloaded approximately 33.9 million shares of Bank of America (NYSE:BAC), equivalent to around $1.48 billion, as per a regulatory filing with the U.S. Securities and Exchange Commission (SEC.) What Happened: The transactions were executed this week, bringing down Berkshire Hathaway’s ownership to about 999 million BofA shares. The Charlotte, North Carolina-based bank lists Berkshire as one of its biggest shareholders. Berkshire, under the leadership of Buffett, holds a diverse portfolio of bank investments, encompassing stakes in Wells Fargo & Co (NYSE:WFC) and JPMorgan Chase (NYSE:JPM). The conglomerate first invested i