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Stock Market & Financial Investment News

News Breaks
November 15, 2012
06:38 EDTHIG, DLPHPaulson & Co. reports reduced stakes in Hartford Financial, Delphi Automotive
News For HIG;DLPH From The Last 14 Days
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July 31, 2015
08:38 EDTDLPHDelphi has reached solid entry point, says RBC Capital
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07:24 EDTDLPHDelphi upgraded to Buy from Outperform at CLSA
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06:05 EDTDLPH, DLPHDelphi upgraded to Buy from Outperform at CLSA
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July 30, 2015
07:19 EDTDLPHDelphi sees FY15 adjusted EPS $5.30-$5.40, consensus $5.35
Sees FY15 revenue $15.2B-$15.6B, consensus $15.48B.
07:18 EDTDLPHDelphi sees Q3 adjusted EPS $1.25-$1.35, consensus $1.32
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07:17 EDTDLPHDelphi Automotive reports Q2 EPS ex-items $1.34, consensus $1.34
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05:55 EDTDLPHDelphi to sell reception systems business
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05:55 EDTDLPHDelphi makes minority investment in Tula Technology
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05:54 EDTDLPHDelphi to acquire Ottomatika, invests in Quanergy
Delphi has acquired software company, Ottomatika, and has made a strategic investment in 3D LiDAR sensing company, Quanergy. These strategic moves strengthen Delphi’s advanced driver assistance system applications and could help speed the adoption of automated vehicles. The ability to detect objects and execute digital mapping, surface modelling and distant imaging is enabled by the use of Light Detection and Ranging scanners.
05:52 EDTDLPHDelphi to acquire HellermannTyton
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July 29, 2015
15:08 EDTDLPHNotable companies reporting before tomorrow's open
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July 28, 2015
09:55 EDTHIGHartford Financial sees $1.9B in subsidiary dividends to parent in 2016
Hartford Financial reported that during July it received about $900M in dividends to the holding company, including $500M funded by Talcott. For the remainder of the year, Hartford expects approximately $300M in dividends from subsidiaries for a total of about $1.9B for the year, which it noted was unchanged from its February projections. In 2016, the current outlook is for about $1.9B of subsidiary dividends and other cash flows to the holding company, including $800M in dividends from the P&C companies. CEO Chris Swift said earlier on the company's Q2 earnings call that the company is "closely watching" developments across the industry, including recent M&A activity. Swift added that these "activities will certainly have repercussions on our markets. While change brings risk, it also brings opportunity." Hartford noted that its priority for excess capital utilization going forward is to find opportunities to invest in its businesses, helping to drive premium and earnings growth and expand its capabilities, adding that it will return excess capital to shareholders in the event that it does not find opportunities that meet its overall objectives.
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 21, 2015
11:05 EDTDLPHAfter Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi
After Jeep hacked, analyst predicts cybersecurity boosts for Harman, Delphi The shares of Harman (HAR) and Delphi Automotive (DLPH) are rising after Wells Fargo predicted that the companies would benefit from the increasing need to protect cars from cybersecurity attacks after Wired reported on hackers discovering methods that can be used to take control of vehicles. BACKGROUND: Two computer hacking researchers showed that they could seize control of a Jeep Cherokee, made by Fiat Chrysler (FCAU), using a technique called a zero-day exploit, Wired reported today. Using the same technique, the hackers can control "any of thousands of vehicles," the website reported. In the past, they have demonstrated how they were able to take control of a Ford (F) Escape and Toyota (TM) Prius, according to Wired. The hackers' technique involves taking control of vehicles' entertainment systems and sending commands to the vehicles' dashboard functions, steering, brakes, and transmission through their those systems, the website stated. ANALYST REACTION: In a note to investors today, Wells Fargo analyst David Lim responded to Wired's article by saying that cybersecurity has become a significant concern for automakers. Automotive technology suppliers such as Harman (HAR) and Delphi (DLPH) should benefit from auto makers' efforts to protect their vehicles from cyberattacks, Kwas believes. He reiterated Outperform ratings on Harman and Delphi. PRICE ACTION: In morning trading, Harman climbed about 2% to $108 and Delphi rose fractionally to $78.15. This version of the story replaces an earlier one to correct the lead analyst to David Lim.
09:41 EDTDLPHHarman, Delphi to benefit from car security concerns, says Wells Fargo
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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.
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