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Stock Market & Financial Investment News

News Breaks
February 12, 2014
04:55 EDTALL, ALL, Y, Y, PRE, PRE, MET, MET, XL, XL, AFG, AFG, VR, VR, LNC, LNC, AHL, AHL, AGII, AGII, HIG, HIG, WRB, WRBBofA/Merrill to hold a conference
2014 Insurance Conference is being held in New York on February 12-13.
News For ALL;HIG;AGII;AHL;LNC;VR;AFG;XL;MET;PRE;Y;WRB From The Last 14 Days
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December 15, 2014
08:08 EDTAGIIArgo Group downgraded to Market Perform from Outperform at William Blair
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December 12, 2014
14:38 EDTHIGHartford Financial price target raised to $47 from $44 at Argus
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08:09 EDTMETBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
06:34 EDTMETMetLife announces new $1B share repurchase authorization
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December 11, 2014
11:17 EDTMETMetLife to host investor conference call
Investor Conference Call to be held on December 12 at 8 am. Reference Link
08:30 EDTMETMetLife acquires Fairmont Hotel in Washington, D.C. for $180M
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December 10, 2014
18:38 EDTMETMetLife statement on passage of Insurance Capital Standards Clarification Act
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14:01 EDTMETMetLife names Esther Lee Global Chief Marketing Officer
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11:44 EDTAHLAspen Insurance management to meet with Sterne Agee
Group luncheon to be held in New York on December 17 hosted by Sterne Agee.
10:00 EDTPREOn The Fly: Analyst Downgrade Summary
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07:37 EDTPREPartnerRe downgraded to Market Perform from Outperform at Keefe Bruyette
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December 9, 2014
10:23 EDTPRE, XL, ALLOn The Fly: Analyst Initiation Summary
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06:57 EDTALLAllstate initiated with an Overweight at JPMorgan
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06:55 EDTPREPartnerRe initiated with a Neutral at JPMorgan
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06:55 EDTXLXL Group initiated with an Underweight at JPMorgan
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06:02 EDTMETMetLife affiliates and other investor provide $200M in financing to Angel Trains
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December 8, 2014
16:07 EDTWRBW. R. Berkley declares $1.00 per share special cash dividend
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10:00 EDTPREOn The Fly: Analyst Downgrade Summary
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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.
07:02 EDTPREPartnerRe downgraded to Underperform from Market Perform at BMO Capital
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