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Stock Market & Financial Investment News

News Breaks
April 28, 2014
07:40 EDTLNC, PRU, HIG, MET, AMPLife insurers weakness creates buying opportunity, says Wells Fargo
Wells Fargo thinks that life insurers can raise their prices and expects their betas to fall, providing a rationale for further multiple expansion . The firm believes that the recent decline in the sector has created a buying opportunity In the following names: Ameriprise (AMP), Hartford Financial (HIG), Lincoln National (LNC), MetLife (MET), and Prudential (PRU).
News For AMP;HIG;LNC;MET;PRU From The Last 14 Days
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July 27, 2015
16:11 EDTHIGHartford Financial raises quarterly dividend to 21c from 18c per share
The board of directors also declared a quarterly dividend of 21c per share of common stock, payable on Oct. 1 to shareholders of record at the close of business on Sept. 1. This represents an increase of 3c per share, or 17%, over the prior quarterly dividend.
16:10 EDTHIGHartford Financial raises share repurchase plan by $1.6B
The Hartford announced that its board of directors approved an increase in and extension of the company’s capital management plan. The current equity repurchase plan was increased by $1.6B and extended through Dec. 31, 2016. The debt management plan was expanded to include the repayment of $275M of debt maturing in 2016 and extended through Dec. 31, 2016.
16:09 EDTHIGHartford Financial reports Q2 core EPS 91c, consensus 77c
Reports Q2 revenue $4.685B, consensus $4.7B. Book value per diluted share, excluding accumulated other comprehensive income, was $42.41, up 8% over June 30, 2014.
15:03 EDTHIGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Baidu (BIDU), consensus $10.58... Avalonbay Communities (AVB), consensus $1.92... Hartford Financial (HIG), consensus 77c... Southwestern Energy (SWN), consensus 6c... PartnerRe (PRE), consensus $2.35... Allison Transmission (ALSN), consensus 34c... Swift Transportation (SWFT), consensus 37c.
13:46 EDTHIGHartford Financial technical notes ahead of earnings
The stock has been in a stable bullish uptrend since the lows of August in 2012. Of late the bullish price channel has begun to steepen, implying greater upside momentum into earnings. If the news is bullish, resistance levels to watch as potential upside objectives would be at $47.42, $49.14, and $50.47. If the news is a bearish surprise, the first important support would be the 30-day moving average at $44. On a breakdown below that average, next supports to watch as potential downside objectives would be at $42.98, $41.75, and $40.63.
July 22, 2015
16:16 EDTAMPAmeriprise reports Q2 EPS $2.23, consensus $2.28
Reports Q2 revenue $3.13B, consensus $3.11B .Ameriprise Financial reported second quarter 2015 net income of $415 million, or $2.23 per diluted share. Operating earnings were $434 million, with operating earnings per diluted share increasing 12 percent to $2.33. Second quarter 2015 results included a $0.05 per diluted share net unfavorable impact from previously disclosed items. Without the disclosed items, operating earnings per diluted share increased 15 percent from the prior year period.
July 20, 2015
09:16 EDTHIGThe Hartford names Morris Tooker Chief Underwriting Officer
The Hartford has named A. Morris “Mo” Tooker as EVP and chief underwriting officer for the company’s property and casualty businesses, effective July 21. Tooker will report to Doug Elliot, president of The Hartford. Tooker will oversee underwriting across The Hartford’s Small Commercial, Middle Market, Large Commercial and Personal Lines segments. He will lead development of the company’s underwriting approach for new markets and growth areas.
July 16, 2015
08:54 EDTLNC, MET, PRU, HIGBofA/Merrill U.S. life insurance analyst holds analyst/industry conference call
U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.
08:45 EDTMETMetLife announces launch of LumenLab in Singapore
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07:55 EDTHIGHartford shares could be worth $55 in a takeout, says Citi
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July 15, 2015
10:01 EDTLNCOn The Fly: Analyst Downgrade Summary
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06:34 EDTLNCLincoln National downgraded to Outperform from Strong Buy at Raymond James
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July 14, 2015
08:56 EDTAMPMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
July 13, 2015
12:54 EDTHIGOptions with increasing volume;
Options with increasing volume; HIG ADTN RAD CHKP ADKS PZZA TAP KSU A
10:48 EDTHIGHartford Financial calls active on renewed takeover chatter
Hartford Financial July 42.5 and 43 calls are active on total call volume of 5,800 (150 puts) on renewed takeover chatter. July call option implied volatility is at 29, August is at 29; compared to its 52-week range of 14 to 32. Active call volume suggests traders taking positons for price movement.
10:42 EDTHIGRumor: Hartford Financial active on renewed takeover speculation
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09:05 EDTPRUPrudential says NC Retirement Systems recommits to $9.1B asset plans
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07:24 EDTHIGUBS likes Hartford Financial, RenaissanceRe ahead of earnings
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