XL Group plc (XL) said Wedneday that its Global Professional unit has established a North America Cyber & Technology Risk business unit to meet the rapidly growing demand for cyber insurance in the US and Canada. XL Group previously provided cyber and technology errors and omissions insurance coverage through its Select Professional business unit, which provides miscellaneous professional liability insurance to various business niches. On last trading day XL Group PLC (NYSE : XL), Property & Casualty Insurance company, shares ended up $32.65, while trading in range of $32.51 and $32.71 by shares fell -0.12%. XL’s payout ratio is 17.00. Company’s earning per share is 3.359 and is estimated to be 0.50 in next quarter. The stock traded in range of $27.79 – $33.41 in current year with -2.27% change from this year’s highest price. Trade experts mull over it as ‘Buy’ stock.
Apple (AAPL) introduced a new 21.5-inch iMac starting at $1,099. The new iMac features a 1.4 GHz dual-core Intel Core i5 processor with Turbo Boost Speeds up to 2.7 GHz, Intel HD 5000 graphics, 8GB of memory and a 500GB hard drive. The new iMac is now available through the Apple Online Store, Apple’s retail stores and select Apple Authorized Resellers. Apple Inc (NASDAQ : AAPL), Consumer Electronics company, slid -$0.14 (or -0.15%) in last regular trading to $91.94, after vacillating among $91.35 and $92.29. While Apple Inc’s price to book and price to sales ratios are 4.62 and 3.15 respectively, stock is currently trading with difference of $3.7723 and $12.084 from its 50 days and 200 days moving average prices. We recommend to ‘Buy’ the stock.
Epiq Systems Inc. (EPIQ), a provider of managed technology for the global legal profession, announced that it has appointed Karin-Joyce Tjon as its executive vice president and chief financial officer effective July 1, 2014. As CFO, Ms. Tjon will join the company’s executive management committee and be responsible for the overall management of the company’s global finance and accounting organization. Tjon has global financial management and leadership experience, most recently as the chief financial officer of Hawker Beechcraft Corporation. Epiq Systems Inc (NASDAQ : EPIQ), Information Technology Services company, shares after opening at $12.61 hit its intraday high price of $13.22 moreover then closed at $12.57 while shares plunged -0.16%. EPIQ’s payout ratio is 277.00. Company’s earning per share is 0.123 and is estimated to be 0.26 in next quarter. The stock traded in range of $11.68 – $16.80 in current year with -25.18% change from this year’s highest price. Market Analysts rated it a ‘Hold’ stock.
Northrop Grumman Corp. (NOC) said Wednesday that it has been awarded a $238 million modification to a previously awarded firm-fixed-price contract from the U.S. Air Force to provide hardware and support for the Large Aircraft Infrared Countermeasure or LAIRCM system. LAIRCM automatically detects a missile launch, determines if it is a threat and activates a high-intensity laser-based countermeasure system to track and defeat the missile. As per the terms of the contract modification, Northrop Grumman will deliver additional transmitters, missile warning sensors, processors, lasers, control interface units and supporting equipment to the Air Force through April 2016. Northrop Grumman Corp (NYSE : NOC), Aerospace & Defense company, shares after opening at $121.01 hit its intraday high price of $121.3099 moreover then closed at $120.73 while shares plunged -0.30%. Northrop Grumman Corp has $25.853 billion market capitalization. The stock recorded a trading volume of 456347 shares as compared to its average volume of 1208140 shares. Trade experts mull over it as ‘Buy’ stock.