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Tower Group, Inc. (TWGP)
by Zacks Equity ResearchNovember 14, 2011 | Comments : 0 Recommended this article: (0)
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Also, a low interest rate environment will keep a lid on investment earnings. The quantitative Zacks Rank for Tower Group is currently #4, indicating a downward directional pressure on the shares over the near term.
Our six-month target price of $20.00 equates to about 13.6x our earnings estimate for 2011. We view the $0.75 per share annual dividend as secure, implying a total negative return of about 8.0% over that period, which is consistent with our Underperform recommendation on the shares.
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