-- 週五下午,金融股走低,紐約證券交易所金融指數下跌0.6%,道富金融精選產業SPDR ETF(XLF)下跌1.2%。 費城住房指數下跌0.5%,道富房地產精選產業SPDR ETF(XLRE)基本持平。 比特幣(BTC-USD)上漲1.5%至72,873美元,10年期美國公債殖利率上漲2.6個基點至近4.32%。 經濟方面,受中東衝突導致能源價格大幅上漲的影響,美國3月份消費者物價指數(CPI)加速攀升至近四年來的最高月度水準。美國勞工統計局週五公佈的數據顯示,3月CPI上漲0.9%,為2022年6月以來最強勁的成長速度。這項最新數據與彭博調查的預期基本一致。 2月份CPI上漲0.3%。 4月通膨率從2月的2.4%上升到3.3%,低於華爾街先前3.4%的預期。 密西根大學週五公佈的初步調查顯示,美國消費者信心指數本月跌至歷史新低,反映出消費者對物價上漲以及中東衝突帶來的整體經濟影響的擔憂加劇。主要消費者信心指數4月較3月暴跌約11%,至47.6。 BMO資本市場在一份報告中指出,這是有史以來的最低值。彭博社的調查顯示,華爾街先前預期該指數為51.5。 企業新聞方面,根據彭博社報道,Ares Management (ARES)計劃推出一隻規模約200億美元的旗艦級美國直接貸款基金,遠小於其先前創紀錄的336億美元投資基金。 Ares股價下跌超過5%。 巴克萊將費埃哲公司 (Fair Isaac, FICO) 的目標價從 2,400 美元下調至 1,950 美元,但仍維持「增持」評級,受此消息影響,費埃哲股價下跌 13%。 彭博社報道稱,黑石集團 (Blackstone, BX) 正在考慮進行首次公開募股 (IPO),預計將為一家收購資料中心的公司籌集 20 億美元。黑石集團股價下跌 2.3%。
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Petro Rabigh Emerges From Loss in Q1; Revenue Grows
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Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.