It's important to remember that stocks represent ownership interests in companies run by real management teams. How well a company is run has big implications to its profitability and its ability to maintain a dividend yield.
One way to evaluate this is by looking at the corporate governance policies of the company, such as its board composition and shareholder rights.
Institutional Shareholder Services (ISS) gives ratings for four areas of corporate governance, on risks related to: the board, the audit committee, the compensation committee, and shareholder rights.
We ran a screen on stocks trading within 10% of their 52-week highs for those receiving "low risk" ratings in all four corporate governance categories from ISS.
Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. A real estate investment trust, together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. Market cap of $1.46B. The stock is currently trading at 0.09% below its 52-week high. According to ISS, the company has "low concern" in all corporate governance categories. The stock has gained 6.16% over the last year.
2. Total System Services, Inc. ( TSS ): Provides electronic payment processing and other services to card-issuing and merchant acquiring institutions. Market cap of $4.17B. The stock is currently trading at 0.24% below its 52-week high. According to ISS, the company has "low concern" in all corporate governance categories. The stock has gained 23.42% over the last year.
3. W.W. Grainger, Inc. ( GWW ): Distributes facilities maintenance and other related products and services in the United States, Canada, Japan, Mexico, India, Puerto Rico, China, Colombia, and Panama. Market cap of $14.13B. The stock is currently trading at 0.42% below its 52-week high. According to ISS, the company has "low concern" in all corporate governance categories. The stock has gained 52.3% over the last year.
EntreMed has also been developing cancer treatments based on kinase inhibitors. Deutsche Bank downgraded First Horizon National Corp. (FHN, $8.73, -$0.39, -4.28%) to hold from buy, despite its 15% year-to-date rise fueled by aggressive share buybacks
RLI Corp. (RLI): Underwrites property and casualty insurance primarily in the United States. Market cap of $1.56B. The stock is currently trading at 1.43% below its 52-week high. According to ISS, the company has "low concern" in all corporate
hits & misses Federal Reserve events NON S&P 500 EARNINGS ** Our Clients can receive this diary in a spreadsheet format by emailing diaries@thomsonreuters.com ** Please Note- The EPS estimate figure is a mean average based on the amount polled.
hits & misses Federal Reserve events NON S&P 500 EARNINGS ** Our Clients can receive this diary in a spreadsheet format by emailing diaries@thomsonreuters.com ** Please Note- The EPS estimate figure is a mean average based on the amount polled.
hits & misses Federal Reserve events NON S&P 500 EARNINGS ** Our Clients can receive this diary in a spreadsheet format by emailing diaries@thomsonreuters.com ** Please Note- The EPS estimate figure is a mean average based on the amount polled.
MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION v. UNION NATIONAL FIRE INSURANCE COMPANY RLI
MISSISSIPPI WINDSTORM UNDERWRITING ASSOCIATION, Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Insurance Company of The Midwest and Hartford Accident & Indemnity Company v. UNION NATIONAL FIRE INSURANCE COMPANY, United States Fire Insurance Company, A Subsidiary of Crum & Forster Holding, Inc., RLI Insurance Company, Onebeacon Insurance Group, Aegis Security Insurance Company, Zurich American Insurance Company (For Itself and its Subsidiaries Who Are Members of Mwua), Homesite Insurance Company, Farmer Insurance Group Of Companies And Allstate Property & Casualty Insurance Company and Aegis Security Insurance Company, Homesite Insurance Company and Union National Fire Insurance Company
UNION NATIONAL FIRE INSURANCE COMPANY, United States Fire Insurance Company, A Subsidiary of Crum & Forster Holding, Inc., RLI Insurance Company, Onebeacon Insurance Group, Aegis Security Insurance Company, Zurich American Insurance Company (For Itself and its Subsidiaries Who Are Members of Mwua), Homesite Insurance Company, Farmer Insurance Group Of Companies And Allstate Property & Casualty Insurance Company and Aegis Security Insurance Company, Homesite Insurance Company and Union National Fire Insurance Company v. Allstate Property And Casualty Insurance Company.
No. 2010–CC–00076–SCT.
-- January 26, 2012 EN BANC.
Charles G. Copeland, Rebecca Suzanne Blunden, Janet G. Arnold, Jeffrey S. Dilley, attorneys for appellants.Samuel E.L. Anderson, Arthur F. Jernigan, Jr., Janet McMurtray, Robert B. House, Eric Foster Hatten, Forrest S. Latta, David Aaron Norris, James P. Golden, Ross F. Bass, Jr., Luther T. Munford, Marshall S. Ney, Anton Leo Janik, Jr., James W. Shelson, Jennifer Rebekah Warden, Michael B. Wallace, attorneys for appellees.
¶ 1. As a result of Hurricane Katrina, the Mississippi Windstorm Underwriting Association (MWUA) sustained great losses well in excess of its reinsurance. MWUA assessed its members to cover the loss. Members are required to share in MWUA's expenses, profits, and losses based on their percentages of wind and hail insurance premiums written in the previous calendar year. After the initial assessments, several member companies complained that they had incorrectly reported the previous year's figures. The Board of Directors gave the members a one-time opportunity to submit corrected data-a true-up.