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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
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June 22, 2015
07:03 EDTPREPartnerRe files presentation detailing risks posed by EXOR's offer
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06:14 EDTMETMetLife upgraded to Outperform from Sector Perform at RBC Capital
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June 19, 2015
06:14 EDTPRE, ACGLAxis, Arch Capital not in deal talks, Reuters reports
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June 18, 2015
10:01 EDTACGLOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Arch Capital (ACGL) downgraded to Market Perform from Outperform at BMO Capital... Bankrate (RATE) downgraded on revenue headwinds at SunTrust... Carter's (CRI) downgraded to Neutral from Buy at Sterne Agee CRT... Lumenis (LMNS) downgraded to Market Perform from Outperform at Wells Fargo... Nimble Storage (NMBL) downgraded to Hold from Buy at Wunderlich... Southwest (LUV) downgraded to Underweight from Overweight at Barclays... Spirit Airlines (SAVE) downgraded to Neutral from Outperform at Credit... Webster Financial (WBS) downgraded to Underweight from Equal Weight at Morgan Stanley.
09:05 EDTALLAllstate announces May catastrophe losses of $178M
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07:15 EDTPRE, ACGLArch Capital may bid as much as $65 per share for AXIS Capital, FT says
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07:10 EDTPREPartnerRe: Recommendation of AXIS deal result of 'rigorous, objective' process
PartnerRe (PRE) has made available a presentation on its website and on www.partnerre-valuecreation.com that the company says provides a "thorough overview of the rigorous and objective process its Board of Directors undertook over the past two years to achieve the best possible outcome for shareholders. The PartnerRe Board has acted – and continues to act – in the best interests of the company and its shareholders, and the merger of equals with AXIS Capital (AXS) is the result of a thorough exploration of strategic opportunities." PartnerRe added: "EXOR has made various deceptive assertions in a transparent effort to distract shareholders from the inadequacy of its opportunistic offer for PartnerRe relative to the merits of the AXIS Capital transaction. The merger of equals with AXIS Capital delivers PartnerRe shareholders superior value and a clear path to closing, and is the result of a high quality governance process...The PartnerRe Board of Directors continues to urge its shareholders of both common and preferred shares to promptly use the white proxy card to vote for the Amalgamation Agreement with AXIS Capital at the shareholder meeting on July 24."
06:44 EDTACGLArch Capital downgraded to Market Perform from Outperform at BMO Capital
BMO Capital downgraded Arch Capital to Market Perform with a $67 price target citing strong share performance year-to-date.
June 17, 2015
16:21 EDTAIGAres, Varagon establish joint venture for senior secured loans
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10:22 EDTALLAllstate announces FAA ruling clears way for company to fly drones
Allstate announced that a new FAA ruling will allow the consortium it works with to fly drones for property claims research on behalf of customers. The Property Drone Consortium has been granted an exemption by the FAA to put drones in flight for further research, which could lead to using drones in areas hit hard by catastrophe and other situations. The FAA approval paves the way for the collection and processing of intelligent images for research using drones, which can help expedite the assessment of exterior property.
07:52 EDTPREAXIS Capital downgraded on valuation at BMO Capital
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07:02 EDTPREPartnerRe urges shareholders to vote for merger with AXIS Capital
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06:32 EDTMETMetLife files brief challenging ‘too big to fail’ label, NY Post reports
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05:33 EDTAEGAEGON announces share repurchase to neutralize stock
Shareholders were given the opportunity to choose between receiving the 2014 final dividend of EUR 0.12 per common share in cash or in stock. 42% of shareholders elected to receive the stock dividend. Those who elected for a stock dividend will receive one Aegon common share for every 55 common shares held. The stock fraction is based on Aegon's average share price as quoted on Euronext Amsterdam, using the high and low of each of the five trading days from June 8 up to and including June 12, 2015. The average share price calculated on this basis amounted to EUR 6.62. The stock dividend and the cash dividend are approximately equal in value. Aegon will repurchase 16.28M common shares to neutralize the dilutive effect of the 2014 final stock dividend. These shares will be held as treasury shares and will be used to pay future stock dividends. Aegon is committed to the repurchase of the common shares by engaging a third party to execute the transactions on its behalf. These transactions will commence on June 17, and are expected to be completed on or before July 14. The common shares will be repurchased at a maximum of the daily volume-weighted average price. Aegon will provide weekly updates regarding the transactions on aegon.com/sharebuyback.
June 16, 2015
17:49 EDTAIGStarr International to appeal AIG ruling, WSJ says
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16:22 EDTAIGStarr International to appeal court decision on AIG damages, CNBC says
10:01 EDTAIGOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AIG (AIG) downgraded to Hold from Buy at Deutsche Bank... Alumina (AWCMY) downgraded to Neutral from Outperform at Credit Suisse... Avalanche Biotechnologies (AAVL) downgraded on lack of catalysts at SunTrust... DealerTrack (TRAK) downgraded to Hold from Buy at Craig-Hallum... Greenbrier (GBX) downgraded to Hold from Buy at Stifel... Methode Electronics (MEI) downgraded to Neutral at Baird... Profire Energy (PFIE) downgraded to Hold from Buy at Maxim... Standard Pacific (SPF) downgraded to Neutral from Outperform at Credit Suisse... The Fresh Market (TFM) downgraded to Sell from Neutral at Northcoast... Twitter (TWTR) downgraded to Neutral at MKM Partners on stalled user growth... United Natural Foods (UNFI) downgraded to Hold from Buy at Argus... United Rentals (URI) downgraded to Underperform from Neutral at Macquarie.
08:51 EDTAIGCourt decision removes AIG overhang, says Bernstein
After a judge ruled that the government's bailout of AIG was illegal but awarded no damages, Bernstein says that AIG will most likely not have to pay any damages as a result of the lawsuit. The firm believes that the decision is a significant positive catalyst for the stock, It keeps a $65 price target and Outperform rating on the shares.
07:11 EDTAIGSurprise AIG ruling may make future bailouts unlikely, even if needed, NYT says
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06:39 EDTAIGAIG downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Joshua Shanker downgraded AIG to Hold citing valuation with the stock near his price target of $64. Yesterday's Starr court decision removes some overhangs, and the stock is "not without positive catalysts," Shanker tells investors in a research note. Nonetheless, the analyst thinks outperformance in the first half of 2015 has brought the stock around the levels where it will be trading at this time next year. Shares of AIG closed yesterday up 69c to $62.58.
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