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Stock Market & Financial Investment News

News Breaks
April 23, 2013
14:05 EDTAIG, PRU, CB, METMetLife, 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
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February 26, 2015
12:45 EDTCBChubb board increases quarterly dividend by 14% to 57c
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February 25, 2015
13:02 EDTMETMetLife Home Loans to pay $123.5M to resolve mortgage lending violations
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February 24, 2015
07:21 EDTPRUSecurities Industry & Financial Markets Association to hold a conference
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07:12 EDTPRUWells Fargo to hold a conference
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February 19, 2015
10:32 EDTCBHigh option volume stocks:
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February 17, 2015
18:17 EDTAIGJANA Partners gives quarterly update on stakes
NEW STAKES: NCR (NCR), Liberty Ventures (LVNTA), Solarcity (SCTY), Computer Sciences Corp (CSC), Salix (SLXP), and Applied Materials (AMAT). INCREASED STAKES: Hertz (HTZ), Valeant (VRX), Walgreens Boots Alliance (WBA), Rackspace (RAX), and HD Supply (HDS). DECREASED STAKES: AIG (AIG), Actavis (ACT), Charter (CHTR), AerCap (AER), and Energy Transfer Equity (ETE). LIQUIDATED STAKES: Equinix (EQIX), Cameron International (CAM), Dollar General (DG), QEP Resources (QEP), and Amgen (AMGN).
13:18 EDTAIGOmega Advisors gives quarterly update on stakes
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10:00 EDTCBOn The Fly: Analyst Upgrade Summary
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08:41 EDTCBChubb upgraded to Neutral from Sell at Citigroup
Citigroup upgraded Chubb to Neutral and other names in the Property and Casualty Insurance space saying the loss trend environment may remain muted through 2016. Citi raised its price target for shares to $103 from $89.
February 13, 2015
17:52 EDTAIGThird Point gives quarterly update on stakes
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09:11 EDTPRUPrudential weakness over last quarter creates buying opportunity, says Argus
Argus noted that Prudential have underperformed over the last quarter amid concerns about a capital-calculation change, though the firm thinks Prudential is delivering industry-leading profitability and sees the weakness as a buying opportunity. Argus trimmed its price target on Prudential to $90 to reflect the capital level uncertainty but maintains its Buy rating on the stock.
08:27 EDTAIGAIG says 10%+ ROE remains long-term objective
Annual targets through 2017 include: A 50+ bps increase in ROE, ex. AOCI and DTA; 3%-5% reduction in net expense; 10+% growth in book value per share, ex. AOCI and DTA. Comments from slides that are being presented on the Q4 earnings conference call.

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