HCC Insurance Holdings initiated with “outperform” - update

07/11/08 - RBC Capital Markets

NEW YORK, July 11 (newratings.com) – Analysts at RBC Capital Markets initiate coverage of HCC Insurance Holdings Inc (HCC) with an "outperform" rating. The target price is set to $31.

In a research note published this morning, the analysts mention that HCC Insurance Holdings’ ROE and growth opportunities are not fully reflected in the company’s current share price. HCC Insurance Holdings’ flexibility provides the company with several opportunities to generate profit growth while reducing its downside exposure, the analysts say. The company’s current share price presents an attractive investment opportunity, RBC Capital Markets believes.