Montpelier Re Holdings

KBW is out with its report today on Montpelier Re Holdings (NYSE: MRH), lowering its PT to $19. In a note to clients, KBW writes, "MRH announced losses from 2Q11 U.S. tornadoes and storms of $35 mm pre-tax ($0.57/sh) or 2.4% of 1Q11 equity. Management currently does not expect any losses from...

KBW is lowering its PT on Montpelier Re Holdings Ltd. (NYSE: MRH) to $20. Montpelier Re Holdings closed Monday at $17.79.

KBW is out with its report today on Montpelier Re Holdings (NYSE: MRH), raising its PT to $21. In its report sent to clients, KBW states, "Results beat on a lower loss ratio driven by higher reserve releases and better current AY results helped by lower cats, with NWP growth stronger but investment...