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Stock Market & Financial Investment News

News Breaks
January 2, 2013
12:38 EDTMET, HIG, PRU, LNCU.S life insurers spike on improved 10-year yield
U.S life insurer stocks are outperforming the broader market as the negotiations to avert the fiscal cliff improved the 10-year yield to over 1.82%. Life insurance stocks have been hurt by very low yields from Treasuries for years. In mid-day trading, MetLife (MET) is up 6.25% to $35, Hartford Financial (HIG) is up 4.1% to $23.38, Prudential (PRU) is up 3.5% to $55.18, and Lincoln National (LNC) is up 4.45% to $27.
News For MET;HIG;PRU;LNC From The Last 14 Days
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July 31, 2014
11:10 EDTHIGHartford Financial sees Q3 core EPS 74c-79c, consensus 77c
Says Q3 core EPS outlook reflects Talcott Resolution core earnings of $75M-$85M, LPs annualized yield fo 6% and CAT losses of $87M after-tax. Guidance from slides for Q2 earnings conference call.
July 30, 2014
16:44 EDTHIGHartford Financial boosts share repurchase program by $775M
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16:43 EDTHIGHartford Financial boosts quarterly dividend by 20% to 18c
Hartford Financial announced a $1.275B increase in its existing $2.656B 2014-2015 capital management program to a total of $3.931B. In addition, the board declared a quarterly common dividend of 18c per share, a 20% increase, payable Oct. 1, to shareholders of record as of Sept. 2.
16:42 EDTHIGHartford Financial reports Q2 core EPS 31c, consensus 68c
The company said core earnings declined as the increase in core earnings from Property & Casualty Commercial, Group Benefits and Mutual Funds was more than offset by higher prior year loss and loss adjustment expense reserve development for asbestos and environmental compared with Q2 of 2013.
16:38 EDTLNCLincoln National reports Q2 EPS $1.48, consensus $1.37
Reports Q2 revenue $3.28B, consensus $3.25B. As of June 30, book value per share, including accumulated other comprehensive income, of $59.24 increased 18% from a year ago. Book value per share, excluding AOCI, of $46.97 increased 9% from the prior-year period.
16:08 EDTMETMetLife reports Q2 EPS $1.39, consensus $1.41
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15:31 EDTHIG, LNC, METNotable companies reporting after market close
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10:00 EDTPRUOn The Fly: Analyst Upgrade Summary
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06:20 EDTPRUPrudential upgraded to Buy from Hold at Canaccord
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July 29, 2014
06:46 EDTPRUPrudential removed from short-term buy list at Deutsche Bank
Shares were removed due to an automatic 6-month time demotion.
July 28, 2014
10:31 EDTPRUPREI joint venture sells German residential portfolio
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09:03 EDTMETMetLife, Norges Bank buy One Beacon street tower in Boston for $561M
MetLife and Norges Bank Investment Management today announced that they have bought the One Beacon Street office building in Boston for approximately $561M. This is the second property investment in Boston and the fourth overall for the joint venture, which now has a real estate portfolio with a gross value of approximately $2.4B.
July 22, 2014
15:43 EDTMETU.S near to designating MetLife as systemically important, Bloomberg says
The U.S. Financial Stability Oversight Council is set to designate MetLife as systematically important and thereby subjecting the insurer to oversight by the Federal Reserve, says Bloomberg. Reference Link
15:28 EDTMETU.S. said near designating MetLife 'systematically important,' Bloomberg says
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