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Stock Market & Financial Investment News

News Breaks
March 21, 2013
07:30 EDTFNF, CNA, AFSI, SYA, ENH, AFL, UNM, LNC, CNO, SFGJPMorgan to host a conference
Insurance Conference is being held in New York on March 21.
News For AFSI;CNO;AFL;CNA;LNC;ENH;FNF;UNM;SYA;SFG From The Last 14 Days
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December 17, 2014
07:39 EDTUNMUnum Group conservativley positioned for growth, says UBS
UBS says Unum Group is conservatively positioned for growth as they believe the company is set up nicely for 2015 and beyond. The firm noted the company's lower guidance, but said its assumptions are conservative. UBS feels the company has addressed investor concerns, which coupled with its growth in sales and premiums should lead to stronger results. UBS reiterated its Buy rating and $40 price target on Unum Group shares.
December 16, 2014
07:34 EDTUNMUnum Group sees year-end 2014 capital metrics slightly above prior outlook
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07:33 EDTUNMUnum Group sees cash flow from ops supporting planned 2015 share repurchases
The Company will discuss additional details of its 2015 financial plan and capital management plans. Primary factors impacting the 2015 outlook include the expectation of continued momentum in premium income growth of 4 percent to 6 percent for its core operations along with generally stable risk experience, offset in part by the continued negative effects of today’s low interest rate environment including a reduction of 50 basis points to the discount rate which the Company anticipates implementing in the fourth quarter of 2014 for new group long-term disability claim incurrals in Unum US. The Company currently estimates its year-end 2014 capital metrics, after consideration of the anticipated GAAP reserve increase and a statutory reserve increase of approximately $150 million for its First Unum subsidiary, will be slightly above the outlook provided a year ago, with the weighted average risk-based capital ratio for the Company’s traditional U.S. insurance companies exceeding 400 percent and cash and marketable securities in its holding companies exceeding $500 million. The Company continues to anticipate the generation of strong cash flow from its operations in 2015 which will support planned share repurchases within a range of $400 million to $600 million. In addition, management expects that in May 2015 it will recommend to its Board of Directors to again increase its common stock dividend. Finally, the Company expects to maintain a strong capital position and is establishing an outlook for year-end 2015 weighted average risk-based capital ratio to be within a range of 375 percent to 400 percent and cash and marketable securities in its holding companies to be in excess of $500 million.
07:32 EDTUNMUnum Group to confirm FY15 operating EPS growth outlook of 5%-10%
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07:30 EDTENHUBS to hold a conference
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December 15, 2014
10:00 EDTCNAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
08:09 EDTCNACNA Financial downgraded to Market Perform from Outperform at William Blair
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December 12, 2014
16:04 EDTENHEndurance Specialty files $500M mixed securities shelf
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December 10, 2014
14:26 EDTUNMUnum Group to host investor meeting
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10:20 EDTAFSIOptions with decreasing implied volatility
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09:03 EDTAFLAflac becomes official insurance partner of the Grammy's
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December 8, 2014
08:56 EDTLNCLincoln National to sell LFM to Entercom Comm for $105M plus working capital
Entercom Communications Corp. (ETM) announced that it has entered into a definitive agreement to acquire Lincoln Financial Media, or LFM, from Lincoln Financial Group (LNC) for $105M plus working capital. The transaction is subject to FCC and other customary regulatory approvals and closing conditions. The company expects that the deal will close in 2Q15. The agreement includes fifteen radio stations in the Atlanta, Denver, Miami and San Diego markets, and it will expand Entercom’s station portfolio to more than 130 stations in 26 markets. The $105M purchase price will be paid in the form of $77.5M in cash and $27.5M in new perpetual cumulative convertible preferred stock that will be issued to Lincoln. Entercom expects to finance the cash portion of the purchase price through a combination of its existing $50M revolver, cash on hand, and through other financing sources, if necessary. Entercom anticipates that it will begin operating the LFM stations under a time brokerage agreement which is expected to commence in late January following the usual Justice Department regulatory review. In order to comply with the FCC’s station ownership limitations, the Company plans to divest one FM station in the Denver market.

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