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Stock Market & Financial Investment News

News Breaks
June 3, 2014
07:28 EDTAIG, ALL, AMP, AXS, CNO, HIG, PFG, REWells Fargo to hold a forum
5th Annual Wells Fargo Insurance Forum to be held in Boston on June 3.
News For AIG;ALL;AMP;AXS;CNO;HIG;PFG;RE From The Last 14 Days
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October 24, 2014
08:21 EDTHIGHartford Financial volatility elevated into Q3 and outlook
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October 23, 2014
16:11 EDTPFGPrincipal Financial reports Q3 EPS $1.19, consensus $1.06
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15:30 EDTPFGNotable companies reporting after market close
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October 22, 2014
16:14 EDTREEverest Re reports Q3 EPS $6.00, consensus $4.79
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15:30 EDTRENotable companies reporting after market close
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08:36 EDTCNOCNO Financial attractive following pullback, says FBR Capital
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October 21, 2014
14:09 EDTAIGThird Point discloses new positions in eBay, Alibaba, exit from Sony
In its Q3 investor letter, Third Point says it established a "significant" position in eBay (EBAY). Dan Loeb's hedge fund also revealed it has established a significant direct investment in Alibaba (BABA) shares now that the company is public. Third Point also said it is now one of Amgen's (AMGN) largest shareholders. During the quarter, Third Point exited its position in Sony (SNE) and reduced or exited other positions, including AIG (AIG), Hertz (HTZ) and Softbank (SFTBF), the firm stated in its letter. PRICE ACTION: Following the disclosures in the Third Point letter, Amgen is up 4%, eBay is up 2.3% and Alibaba is up 3.8%, while Sony shares trading in New York are down nearly 1%.
October 20, 2014
06:57 EDTPFGPrincipal Financial downgraded at Raymond James
As previously reported, Raymond James downgraded Principal Financial to Market Perform from Outperform. The firm downgraded shares due to valuation.
06:41 EDTPFGPrincipal Financial downgraded to Market Perform from Outperform at Raymond James
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06:38 EDTAIGAIG upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded AIG to Buy citing valuation following the recent pullback in shares. Deutsche believes concerns that Starr International could succeed in its trial against the U.S. Government are overblown. It raised its price target for AIG shares to $60 from $59.
October 17, 2014
08:14 EDTAIGAIG unlikely to be forced to indemnify government, says Bernstein
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October 16, 2014
11:50 EDTALLAllstate September catastrophe losses higher than expected, says Wells Fargo
Wells Fargo attributes today's move lower in Allstate to its report of September catastrophe losses that came in higher than expected. The firm lowered its Q3 EPS estimate to $1.23 from $1.56 based on the losses, but maintains its Outperform rating on the stock, calling it one of the firm's top-picks among non-life insurers.
09:06 EDTALLAllstate reports Q3 catastrophe losses of $517M
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09:04 EDTALLAllstate reports September catastrophe loss estimate $250M
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