WWW - Posts tagged ACE Limited at BloggingStocks

ACE Limited posts

ACE to Join S&P 500

Posted Jul 9th 2010 2:00PM by Brent Archer (RSS feed)
Filed under: Major Movement, Good news, Options, Technical Analysis, S and P 500

ACE Limited (ACE - option chain) shares are rising today after Standard & Poor's said that ACE will be added to its S&P 500 index after the close of trading on July 14. The company will replace Millipore (MIL), which will be acquired by Merck KGaA. When stocks are added to major indices like the S&P, it is usually seen as a bullish indicator, since all tracking funds will need to add ACE to their holdings. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ACE.

ACE opened this morning at $55.45. So far today the stock has hit a low of $54.58 and a high of $55.66. As of 12:30, ACE is trading at $55.39 up $3.17 (6.1%). The chart for ACE looks bullish and S&P gives ACE a positive 4 STARS (out of 5) buy ranking.

Continue reading ACE to Join S&P 500

Aon unloads underwriting units for $2.75 billion

Posted Dec 18th 2007 10:40AM by Tom Taulli (RSS feed)
Filed under: Deals,

AON (NYSE: AOC) logo Aon (NYSE: AOC) thinks that risk brokerage and consulting has the best future, in terms of margins and growth.

To that end, the company announced Monday that it is selling off its underwriting businesses. Combined Insurance Company was sold for $2.4 billion to ACE Limited (NYSE: ACE), while Munich Re bought Aon's Sterling Life segment for $352 million.

Yes, even in the massive insurance business, this is a good chunk of change for Aon.

Continue reading Aon unloads underwriting units for $2.75 billion