TWGP ==> The World Series Winner

mrmarket · 08-05-2009, 01:04 PM

You sees?!!

Tower Group 2nd-quarter profit triples

Tower Group 2nd-quarter profit triples, net investment income more than doubles

On Wednesday August 5, 2009, 12:49 pm EDT

NEW YORK (AP) -- Insurance company Tower Group Inc. said Wednesday its second-quarter profit tripled as it collected more in premiums and its net investment income more than doubled.
Net income jumped to $30.6 million, or 75 cents per share, from $10.2 million, or 44 cents per share, a year earlier.
Operating income, which insurers emphasize because it excludes costs not considered reflective of business trends, was 73 cents per share.
Analysts forecast earnings of 73 cents per share, according to a Thomson Reuters survey. Analysts' estimates generally exclude one-time items.
Net premiums written surged to $235.8 million from $82.6 million. Net investment income, or income excluding net realized and unrealized gains and losses, more than doubled to $17.4 million from $8.4 million.
Revenue also more than doubled to $255 million from $106.8 million easily beating Wall Street's estimate of $207.9 million.
The company's combined ratio climbed to 85.5 percent from 81.1 percent a year earlier. Combined ratio measures the amount of money an insurer pays out in expenses and claims compared with revenue generate by premiums. A ratio above 100 percent means the insurer is spending more than it earns.
Tower anticipates third-quarter operating earnings of 71 cents to 76 cents per share. For the year, the insurer forecast operating earnings of $3.15 to $3.25 per share. Its 2010 operating earnings are expected in a range of $3.50 to $3.70 per share.
Analysts predict the company will earn 79 cents per share in the third quarter, $3.23 per share for 2009 and $3.64 per share in 2010.
Shares of Tower Group fell 22 cents to $24.24 in afternoon trading.

mrmarket · 05-18-2008, 05:13 PM

Tower of POWER!!

Tower Group's profit surges 28 percent in 1Q
Tuesday May 6, 8:49 am ET
Profit surges 28 percent in 1st quarter on higher premiums, investment income

NEW YORK (AP) -- Tower Group Inc.'s profit surged 28 percent in the first quarter as the insurer collected more in premiums and generated better returns on its investments, the company said Tuesday.
Tower Group earned $14.9 million, or 64 cents per share, in the first quarter, compared with profit of $11.6 million, or 49 cents per share, in the first quarter last year.

Operating income, which insurers emphasize because it excludes costs not considered reflective of business trends, was 60 cents per share, which according to a Thomson Financial survey met expectations.

Premiums grew 22 percent to $135.1 million.

Of each premium dollar collected, Tower Group spent 84.9 cents paying claims, more than a penny on the dollar less than the first quarter last year.

Chief Executive Michael H. Lee said in a statement the company "took advantage of profitable growth opportunities" in a challenging market.

Like most insurers, Tower Group collects premiums from insurance policies and invests those premiums in bonds or investment partnerships. Investment income vaulted 23 percent to $9.8 million.

jiesen · 07-10-2007, 03:36 PM

doubled up on TWGP today

I added to my TWGP position here at 31.5. That makes it a 3% position for me now. It's probably one of the strongest $$MM stocks right now, and I'm glad to be able to get it on sale today.

jiesen · 06-19-2007, 01:04 AM

hooray! Everyone HAS to buy it now.

A fortuitous side-effect of the Biosite buyout:

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TTM, Tower Group to Join S&P Index
Monday June 18, 6:42 pm ET
TTM Technologies, Tower Group to Replace Viasys and Biosite on S&P SmallCap 600

NEW YORK (AP) -- Standard & Poor's said Monday that TTM Technologies Inc. and Tower Group Inc. will respectively replace Viasys Healthcare Inc. and Biosite Inc. on the S&P SmallCap 600.

TTM's replacement of Viasys becomes effective after trading ends Wednesday. Viasys is being acquired by Cardinal Health Inc. in a tender offer expected to expire that day.

Tower Group will replace Biosite after market close June 25. Biosite is being purchased by Inverness Medical Innovations Inc.

TTM Technologies shares added 4 cents to $12.14 Monday. Tower Group shares lost 13 cents to $32.26, but in aftermarket activity climbed $1.25, or 3.9 percent, to $33.51.

Shares of Viasys lost a penny to $42.69. Biosite added 2 cents to $92.22.

mrmarket · 02-27-2007, 10:05 AM

That's right bitches....

Tower Group, Inc. Reports 45% Increase in Net Income; Company Delivers Record Results for 2006
Tuesday February 27, 7:00 am ET

NEW YORK--(BUSINESS WIRE)--Tower Group, Inc. (NASDAQ: TWGP - News) today reported its financial results for the fourth quarter of 2006, including a 45% increase in net income to $9.5 million as compared to net income of $6.6 million in the fourth quarter of 2005. For the year ended December 31, 2006, net income increased 77% to $36.8 million as compared to $20.8 million for the prior year.

Diluted earnings per share of $0.46 for the fourth quarter of 2006 were based on 20,483,388 weighted average diluted shares as compared with $0.32 per share for the fourth quarter of 2005, based on 20,200,584 weighted average diluted shares. For the year, Tower reported diluted earnings per share of $1.82, based on 20,147,318 weighted average diluted shares, as compared with $1.03 per diluted share for the year ended December 31, 2005 based on 20,147,073 weighted average diluted shares.

peanuts · 02-14-2007, 09:30 PM

Originally posted by mrmarket View Post

Tatnic..in this forum, bragging is an acceptable mode of communication and when someone makes money, the appropriate thing to say is:

"Congrats"..

Well done, Peanuts.

Thank you, sir... looks like I should have held just a little longer

mrmarket · 01-11-2007, 01:53 PM

Originally posted by Tatnic View Post

peanut...you're just lucky which will be your downfall because you will confuse luck with trading accumen. But enjoy it will it lasts....if you can keep in the markets for a decade or so, you'll eventually be able to discern between luck and skill. And if you do your arrogance will also diminish and you'll make even more money.

Tatnic..in this forum, bragging is an acceptable mode of communication and when someone makes money, the appropriate thing to say is:

"Congrats"..

Well done, Peanuts.

peanuts · 01-11-2007, 01:23 PM

Originally posted by New-born baby View Post

Peanuts,
How do you decide which sectors you are going to play?

First, I do tons of screens and scans. I get a list of stocks which meet some criteria which I make standard for all of my possible investments.

Second, I review each and every one of them and categorize them into their respective sectors.

Third, I create a Yahoo! portfolio for that sector and record, what I feel is, a loose fair value estimate for each share. I use this as my "buy" price in the tracking of the portfolio, so I get an idea of current value and my estimated fair value.

Fourth, I follow the news and different sector watching sites, and determine which sector is moving the fastest. Many times, however, I can just look at my various sectors and see which one is advancing the most.

Fifth, I look back to my Yahoo! portfolio for that sector and review the stocks in my watchlist. I base the stock decision on a few factors...
- P/E ratios
- Mkt Cap
- Avg Vol
- ROE
- % from 52 week highs
- Technical Analysis

Sixth, I form a plan and trade it.

Thanks for the kind words in your last message. I'm lucky in the sense that I have people to support me and not try to break me down.

New-born baby · 01-11-2007, 12:38 PM

Originally posted by Tatnic View Post

peanut...you're just lucky which will be your downfall because you will confuse luck with trading accumen. But enjoy it will it lasts....if you can keep in the markets for a decade or so, you'll eventually be able to discern between luck and skill. And if you do your arrogance will also diminish and you'll make even more money.

Tatnic,
I do not think Peanuts is just lucky. The guy is good. Very, very good.
He works at it; he is young; and I think that by the time he's 40 he's going to be a multi-millionaire trader. I am sure he'll take a few hits between now and then, but you'll be reading his articles in a trader magazine someday. I really believe this.

01-11-2007, 12:32 PM