Friedman Billings Ramsey ( FBR) jumped nearly 13% after the Virginia-based broker swung to a respectable fourth-quarter profit of $3.8 million, or 2 cents a share, from last year's loss of $271.6 million, or $1.60 a share. Full-year losses narrowed to $67.3 million, or 39 cents a share, from $1.01 a share in 2005. Shares were gaining 89 cents to $7.80.

LandAmerica Financial ( LFG) rose after it powered past fourth-quarter Street estimates. Income ebbed year over year to $34.3 million, or $1.95 a share, on $1.09 billion in revenue, but analysts surveyed by Thomson Financial had the insurer earning $1.76 a share on $1.03 billion in revenue. The Richmond, Va., company also announced it will repurchase up to another 1.5 million of its shares through October 2008. Its existing 1.25-million-share program expires in July. Shares were adding $3.79, or 5.9%, to $68.54.

Germany's Allianz ( AZ) reported a 49% rise in preliminary fourth-quarter income to roughly $1.8 billion (1.37 billion euros), or $4.21 a share. Revenue edged down 1.5% from last year to $32.57 billion. The insurance giant may also boost its per-share dividend by $2.36, to $4.99. Shares were up 83 cents, or 4%, to $21.51.

Heritage Financial ( HBOS) got a lift after the Georgia-based regional bank said it will buy back up to 300,000 of its shares. Heritage stock was rising 43 cents, or 2.7%, to $16.51.

EMC Insurance ( EMCI) slid after per-share operating profits declined steeply to 78 cents from $1.34 a year ago. The Iowa-based company was off $2.54, or 7.8%, to $30.21.

Astoria Financial ( AF) slipped after the bank said fourth-quarter interest margins might undergo "modest compression" in 2007, given a newly factored-in estimation that the inverted U.S. Treasury yield curve won't flatten until mid- to late 2007. The Lake Success, N.Y., bank was down 30 cents, or 1%, to $29.21.

More from Investing

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

Immigration, Instagram and Oil - Here's What You Can't Miss Wednesday

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

What Will GM Do With Cruise -- and Is Its Stock Worth $55?

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

This Should Be Your Retirement Savings Plan When the Stock Market Crashes

This Should Be Your Retirement Savings Plan When the Stock Market Crashes