New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 23, 2013
14:05 EDTMET, PRU, AIG, CBMetLife, other insurers climb after dividend increase
MetLife (MET) and several other large insurance companies are climbing after MetLife announced that it would increase its dividend for the first time since 2007. WHAT'S NEW: The insurer announced that its second quarter dividend would be 27.5c per share, up from its first quarter dividend of 18.5c per share. WHAT'S NOTABLE: The dividend increase is the company's first since 2007 and comes after the insurer shed its status as a bank holding company. Last year the Federal Reserve, which oversees bank holding companies, vetoed a request by MetLife to increase its annual dividend to $1.10 per year. ANALYST REACTION: In a note to investors Wells Fargo analyst John Hall noted that the company did not announce that it would repurchase any of its shares. If the company's board had approved share repurchases, that information probably would have been announced today, the analyst wrote. Hall maintained an Outperform rating on the shares. TODAY'S PRICE ACTION: In mid-afternoon trading, MetLife jumped $2.30, or 6.45%, to $38.10, Prudential (PRU) advanced 3.7% to $58.20, AIG (AIG) climbed 4.7% to $40.45, and Chubb (CB) added 1.5% to $89.
News For MET;PRU;AIG;CB From The Last 14 Days
Check below for free stories on MET;PRU;AIG;CB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2014
16:08 EDTMETMetLife reports Q2 EPS $1.39, consensus $1.41
Subscribe for More Information
15:31 EDTMETNotable companies reporting after market close
Subscribe for More Information
13:35 EDTAIGAIG August weekly volatility elevated into Q2 and outlook
Subscribe for More Information
10:00 EDTPRUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:20 EDTPRUPrudential upgraded to Buy from Hold at Canaccord
Subscribe for More Information
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
Subscribe for More Information
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 24, 2014
16:26 EDTCBChubb lowers FY14 operating EPS view to $6.75-$6.95 from $7.10-$7.40
FY14 consensus $7.34. The revised guidance reflects the company's actual results in the first six months and its outlook for the second half of the year. The revised guidance assumes for the 2014 full year: A 2% to 4% increase in net written premiums; Catastrophe losses of 5.3 percentage points of the combined ratio; The impact of each percentage point of catastrophe losses on 2014 full year operating income per share is approximately 33c; A combined ratio of between 90% and 91%; A decline of 4% to 6% in property and casualty investment income after taxes; Approximately 244M average diluted shares outstanding.
16:24 EDTCBChubb reports Q2 EPS $2.03, consensus $1.90
Subscribe for More Information
15:29 EDTCBNotable companies reporting after market close
Subscribe for More Information
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
Subscribe for More Information
06:43 EDTAIGMalaysia Airlines incidents rattle insurance market, NY Times says
Subscribe for More Information
July 21, 2014
07:29 EDTAIGAIG settlement with BofA takes crisis claw back total up to $2B, FT says
Subscribe for More Information
July 17, 2014
10:00 EDTAIGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:49 EDTAIGAIG initiated with an Outperform at RBC Capital
Target $64.

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