Tower Group

KBW is reiterating its Outperform rating and maintaining its $28 PT on shares of Tower Group (NASDAQ: TWGP). “Tower announced it experienced $8 million of catastrophe losses in 2Q related to spring severe storms, which exceeded our $1.5 million estimate,” KBW writes. “Management now expects to be...

Wunderlich Securities reiterated its Buy rating on Tower Group (NASDAQ: TWGP). At the same time, Wunderlich left its price target on the company's stock unchanged at $32. On Monday, Tower added 1.34% to its value to end the day at $23.37.

Wunderlich Securities commented on Tower Group's (NASDAQ: TWGP) Q1 results. In a research report published today, Wunderlich stressed its optimism after Tower announced better than expected Q1 results. In the report, Wunderlich states, "Tower Group, Inc. (TWGP) exceeded our EPS expectation for...

According to Wunderlich Securities, Tower Group (NASDAQ: TWGP) is rebuilding momentum. Wunderlich Securities reported that on April 5-6, 2011, it hosted CEO Michael Lee and CFO Bill Hitselberger of Tower Group on a marketing trip. “We believe the company's strategy will prove successful in driving...

Wunderlich Securities is reiterating its $32 PT and Buy rating on shares of Tower Group Inc. (NASDAQ: TWGP). “[We] recently conducted a conference call with the management of Tower Group, Inc. (TWGP),” Wunderlich Securities writes. “Management reiterated the company's strategy of specialization and...

Tower Group (NASDAQ: TWGP) reported better-than-expected operating EPS for 3Q10 of $0.77 “compared to our estimate and consensus of $0.75,” Wunderlich Securities reports. Book value increased 12.1% to $26.34 from $23.50. Top-line growth increased significantly in 3Q10, with total revenues...