Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today
Earnings Call Insights: Hagerty, Inc. (HGTY) Q1 2026 Management View "We are off to an excellent start to 2026." (Chairman & CEO McKeel Hagerty) "Written premiums increased 18% in the first quarter, ahead of our full year expectations." (Chairman & CEO Hagerty) "This marks 13 consecutive quarters of executing on our strategy to deliver compounding top line growth" and "2026 marks the first year in...
Earnings Call Insights: Hagerty, Inc. (HGTY) Q1 2026 Management View "We are off to an excellent start to 2026." (Chairman & CEO McKeel Hagerty) "Written premiums increased 18% in the first quarter, ahead of our full year expectations." (Chairman & CEO Hagerty) "This marks 13 consecutive quarters of executing on our strategy to deliver compounding top line growth" and "2026 marks the first year in our history that we control 100% of the economics on our own U.S. book of business." (Chairman & CEO Hagerty) "The GAAP presentation of revenue down 5% and our net loss of $13 million are temporarily different due to the new Markel Fronting Arrangement." (Chairman & CEO Hagerty) "These deferred acquisition costs were $89 million in Q1 and wind down to 0 by the year-end 2026." (Chairman & CEO Hagerty) "We added a record 112,000 policies" and "PIF growth jumped 15% as our retention rate remained steady at an industry-leading 89%." (Chairman & CEO Hagerty) "Hagerty Re's combined ratio was 87%, and we took down our reserves by $6 million in the first quarter." (Chairman & CEO Hagerty) "State Farm Classic+ is a great example of a tightly integrated partnership where both parties win." (Chairman & CEO Hagerty) "We now have an accelerating growth engine with expectations for their 19,000 agents to be selling new business in 40 states by year-end" and "we remain on pace to convert most of these members to the new Classic+ program by the end of 2027." (Chairman & CEO Hagerty) "The results were historic, $111 million in total sales" at Broad Arrow’s Amelia Car Week auction, with "a 92% sell-through rate." (Chairman & CEO Hagerty) "Our marketplace is not only a rapidly scaling profit center, but it is also a customer acquisition machine." (Chairman & CEO Hagerty) "Adjusted EBITDA jumped 77% to $85 million, including a $6 million reserve reduction due to favorable prior year development." (Chief Financial Officer Patrick McClymont) Outlook "Given the strength in our first quarter resu...
Earnings Call Insights: TIC Solutions, Inc. (TIC) Q1 2026 Management view CEO Benjamin Heraud said the company “started 2026 with healthy momentum across the business,” and framed demand around “aging infrastructure, increasing energy demand, increasing data consumption and the digitization of the physical world,” adding that TIC is positioning itself “as a life cycle partner rather than a point s...
Earnings Call Insights: TIC Solutions, Inc. (TIC) Q1 2026 Management view CEO Benjamin Heraud said the company “started 2026 with healthy momentum across the business,” and framed demand around “aging infrastructure, increasing energy demand, increasing data consumption and the digitization of the physical world,” adding that TIC is positioning itself “as a life cycle partner rather than a point solution provider.” CEO Heraud highlighted segment performance and end-market demand, including that Consulting Engineering had “revenue increasing 9.5% year-over-year,” with “data centers … the largest driver of growth in the first quarter,” while Geospatial “performed well, growing 4.5%.” CEO Heraud described Inspection & Mitigation as under internal expectations, saying it “delivered a steady result with revenue essentially flat year-over-year,” and that “broader market uncertainty is creating more variability in customer decisions around planned outages and scheduled maintenance, including timing, scope and duration.” Quote (Chief Financial Officer Kristin Schultes): “In the first quarter, total revenue was $488 million,” and “adjusted EBITDA was $57.7 million,” while “operating cash flow was $10 million and capital expenditures were $6 million.” Quote (Chief Financial Officer Schultes): “We are ahead of schedule on synergy actions with approximately $17 million of the $25 million cost program now actioned on an annualized run rate basis,” and “we now expect realized savings in 2026 to be roughly $15 million, modestly above the $12.5 million we discussed in previous quarters.” Outlook Quote (Chief Financial Officer Kristin Schultes): “For the second quarter, our guidance reflects revenue of approximately $570 million to $582 million and adjusted EBITDA of approximately $90 million to $96 million.” Quote (Chief Financial Officer Schultes): “We are reaffirming our previously issued full year 2026 guidance of $2.15 billion to $2.25 billion of revenue and $330 million to $35...
JHVEPhoto/iStock Editorial via Getty Images CNA Financial ( CNA ) is a specialty and commercial insurance carrier. The stock is seen by the market as a proxy bond , servicing Loews' cash flow needs. Thanks to that, CNA's minority shareholders have benefited from steady, gradual dividend increases. Although CNA is not a top-tier insurer in terms of underwriting performance, the company has succeede...
JHVEPhoto/iStock Editorial via Getty Images CNA Financial ( CNA ) is a specialty and commercial insurance carrier. The stock is seen by the market as a proxy bond , servicing Loews' cash flow needs. Thanks to that, CNA's minority shareholders have benefited from steady, gradual dividend increases. Although CNA is not a top-tier insurer in terms of underwriting performance, the company has succeeded over the years in generating stable underwriting margins (3% to 5%), or a combined ratio ranging from 95% to 97%. With a lower level of catastrophe losses seen in other peers' P&Ls, I was expecting a boring quarter for CNA. And the company managed to surprise me. The quarterly combined ratio climbed above 100%, while other larger peers, like Chubb ( CB ), Cincinnati Financial ( CINF ), or Travelers ( TRV ), performed pretty well with combined ratios in the low 90s. Hence, I was intrigued by how Loews' cash cow failed in Q1 2026. Q1 2026 Recap: A Quarter To Forget, A Quarter To React Q1 2026 figures were disappointing, at least from an underwriting standpoint. When you are used to seeing the company deliver combined ratios between 95% and 97%, you expect the company to follow the same path. Boringly so, with no surprises. Q1 2026 was a surprising quarter; the specialty lines and the commercial insurance business posted a 100%+ combined ratio, and only the international business managed to be profitable, with a combined ratio of 95.9%. 2026 Q1 2025 Q1 Specialty Lines 102.7 % 95.1 % Commercial Lines 103.5% 101.1% International 95.9% 95.4% Total 102.2% 98.4% Click to enlarge The most surprising part remained the specialty lines, which used to be profitable over the cycle. The specialty lines suffered from reserve strengthening due to a higher claim trend in professional liability coverages. The worrying part is that the underlying loss ratio also increased by circa 2.6% quarter over quarter. This reserve strengthening also resulted from uncertainties in the professional liabi...
Apple (NASDAQ:AAPL) just posted its best March quarter ever at $111.18 billion, while Intel (NASDAQ:INTC) followed with a sixth consecutive revenue beat. Now Bloomberg reports Apple is in early talks to use Intel and Samsung as U.S. chip suppliers. That single thread reframes both earnings reports. iPhone 17 Carries Apple. Foundry Carries Intel. Apple’s quarter ... Forget Tariffs: An Apple-Intel D...
Apple (NASDAQ:AAPL) just posted its best March quarter ever at $111.18 billion, while Intel (NASDAQ:INTC) followed with a sixth consecutive revenue beat. Now Bloomberg reports Apple is in early talks to use Intel and Samsung as U.S. chip suppliers. That single thread reframes both earnings reports. iPhone 17 Carries Apple. Foundry Carries Intel. Apple’s quarter ... Forget Tariffs: An Apple-Intel Deal Could Be the Biggest Manufacturing Story of the Trump Era
Video shows ‘looksmaxxing’ influencer shooting an apparently already dead alligator in the Everglades A controversial social media influencer known as Clavicular is facing charges in connection with a video showing him shooting an apparently already dead alligator in the Everglades, local Florida media has reported. Clavicular, whose real name is Braden Eric Peters and is known for the practice of...
Video shows ‘looksmaxxing’ influencer shooting an apparently already dead alligator in the Everglades A controversial social media influencer known as Clavicular is facing charges in connection with a video showing him shooting an apparently already dead alligator in the Everglades, local Florida media has reported. Clavicular, whose real name is Braden Eric Peters and is known for the practice of “looksmaxxing”, faces charges of unlawfully discharging a firearm in a public place or residential property, according to legal files obtained by television station ABC6 in South Florida. Continue reading...
Earnings Call Insights: Novavax (NVAX) Q1 2026 Management View John Jacobs (President, CEO & Director) said the company’s strategy is “designed to deliver value via 3 key strategic pillars, partnering our technology, capital-efficient R&D innovation and a lean and efficient operating model.” Quote (President, CEO & Director John Jacobs): “In January, we announced a new partnership with Pfizer for ...
Earnings Call Insights: Novavax (NVAX) Q1 2026 Management View John Jacobs (President, CEO & Director) said the company’s strategy is “designed to deliver value via 3 key strategic pillars, partnering our technology, capital-efficient R&D innovation and a lean and efficient operating model.” Quote (President, CEO & Director John Jacobs): “In January, we announced a new partnership with Pfizer for a nonexclusive license to utilize Matrix-M in 2 infectious disease areas with one already named.” Quote (President, CEO & Director Jacobs): “In the last week, we signed a new MTA with another top 10 pharma company who is also a global leader in oncology to explore Matrix-M in a broad array of oncology targets as well as antibiotic-resistant bacterial infections and other infectious diseases.” Quote (Executive VP & Chief Strategy Officer Elaine O’Hara): “We signed 4 new material transfer agreements for Matrix-M.” Quote (Executive VP and Head of Research & Development Robert Walker): “One of the first significant decisions I made in my new role was to prioritize our C. diff bacterial vaccine candidate… and we are targeting entry into the clinic as early as 2027.” Quote (Executive VP, CFO & Treasurer James Kelly): “We are pleased to reiterate our full year 2026 revenue framework and R&D and SG&A expense guidance.” Outlook Quote (Executive VP, CFO & Treasurer Kelly): “Today, we are reiterating our full year 2026 revenue framework and expect to achieve adjusted total revenues of between $230 million and $270 million.” Quote (Executive VP, CFO & Treasurer Kelly): “Today, we’re also reiterating our full year 2026 combined R&D and SG&A expense guidance… between $310 million and $340 million” on “a non-GAAP basis and net of partner reimbursements for R&D.” Quote (Executive VP, CFO & Treasurer Kelly): “We anticipate higher combined R&D and SG&A expenses in the first half of 2026… [and] anticipate these costs to materially decline in the second half of 2026 and be fully completed in e...
U.S. prosecutors said a ransomware gang fueled Russian government corruption, and allowed the gang's leaders to avoid paying taxes and dodge the country's military draft.
U.S. prosecutors said a ransomware gang fueled Russian government corruption, and allowed the gang's leaders to avoid paying taxes and dodge the country's military draft.
ServiceNow (NOW) is back in focus after a packed Knowledge 2026 event, where it expanded partnerships with Nvidia, Microsoft, Google Cloud, and Lenovo and unveiled Project Arc, ServiceNow Otto, and an expanded AI Control Tower. See our latest analysis for ServiceNow. Despite all the AI news and partnerships, the stock is still working through a reset. It has a 30 day share price return of 9.79% an...
ServiceNow (NOW) is back in focus after a packed Knowledge 2026 event, where it expanded partnerships with Nvidia, Microsoft, Google Cloud, and Lenovo and unveiled Project Arc, ServiceNow Otto, and an expanded AI Control Tower. See our latest analysis for ServiceNow. Despite all the AI news and partnerships, the stock is still working through a reset. It has a 30 day share price return of 9.79% and a year to date share price return of 37.60%, while the 1 year total shareholder return of...