New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 3, 2014
04:55 EDTLNC, LNC, HIG, HIG, ALL, ALL, AEG, AEG, Y, Y, PRE, PRE, PFG, PFG, RGA, RGA, XL, XL, ACGL, ACGL, AIG, AIG, SYA, SYA, PL, PL, MET, METAssociation of Insurance & Financial Analysts to hold a conference
39th Annual AIFA Conference is being held in Boca Raton, Florida on March 2-4.
News For LNC;PL;SYA;AIG;ACGL;XL;RGA;PFG;PRE;Y;AEG;ALL;HIG;MET From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 24, 2014
08:21 EDTHIGHartford Financial volatility elevated into Q3 and outlook
Subscribe for More Information
October 23, 2014
16:11 EDTPFGPrincipal Financial reports Q3 EPS $1.19, consensus $1.06
Subscribe for More Information
15:30 EDTPFGNotable companies reporting after market close
Subscribe for More Information
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%.
09:03 EDTRGAReinsurance Group to acquire Aurora National Life Assurance Company
Reinsurance Group of America (RGA) announced the execution of agreements under which RGA will acquire all of the stock of Aurora National Life Assurance Company, a wholly owned life insurance subsidiary of Swiss Re (SSREY). Aurora, which is part of Swiss Re's Admin Re business in the U.S., has approximately 82,000 policies in force and statutory policyholder liabilities of $2.7B. The underlying business is comprised of approximately two-thirds annuities, primarily payout annuities, and one-third interest-sensitive life products. Aurora has not written significant new business in over 20 years. The transaction is expected to close in early 2015 subject to customary regulatory approvals.
October 20, 2014
08:58 EDTPREPartnerRe to provide $100M financing for Mosaic's home solar loan program
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
09:04 EDTALLAllstate reports September catastrophe loss estimate $250M
Subscribe for More Information
07:11 EDTMETAIA, MetLife, others contemplate offers for NAB division, Bloomberg says
Subscribe for More Information
05:32 EDTAEGAEGON agrees to sell Canadian operations for C$600M
Aegon has reached an agreement with Wilton Re to sell its Canadian operations for C$600M. The net underlying earnings of Aegon's Canadian operations were C$26M over the trailing four quarters ending June, while its shareholders' equity excluding revaluation reserves on an IFRS basis amounted to C$1.8B at the end of June. As a result, the sale price represents a multiple of 23 times net underlying earnings. The transaction is expected to result in a book loss of approximately C$1.2B. The parties anticipate that the transaction will close in 1Q15, subject to regulatory approval.
October 15, 2014
08:31 EDTMETMetLife provides $150M agricultural mortgage loan to Amaggi Group
Subscribe for More Information
October 14, 2014
08:04 EDTMETDeutsche sees favorable risk/rewards in Insurance space
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use