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Stock Market & Financial Investment News

News Breaks
April 23, 2013
14:05 EDTCB, MET, AIG, PRUMetLife, 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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March 30, 2015
15:38 EDTAIGMiller to step down as AIG Chairman in July, WSJ reports
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09:53 EDTPRU, MET, AIGBofA/Merrill life insurance analyst holds an analyst/industry conference call
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March 24, 2015
07:45 EDTMETMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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March 23, 2015
07:43 EDTMETOcwen issues rebuttal letter to trustees
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06:29 EDTMETOcwen responds to investor allegations, WSJ says
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March 22, 2015
15:13 EDTMETU.S. may push out deadline for MetLife's 'living will,' Bloomberg says
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March 20, 2015
18:12 EDTAIGU.S. Court approves AIG investors' $970.5M settlement, Reuters reports
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07:46 EDTAIGAllstate, AIG, others questioned by regulator over pricing method, WSJ says
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March 19, 2015
07:22 EDTMETMetLife to consolidate NYC locations in MetLife Building, WSJ says
MetLife (MET) signed a twelve-year lease with Tishman Speyer (TSEYF) to increase its space in the MetLife Building in order to consolidate its four New York City locations into the namesake building above Grand Central Terminal, reports the Wall Street Journal. Reference Link
March 18, 2015
09:02 EDTPRUEl Paso enters three-year contract with Prudential
Prudential Retirement announced the City of El Paso has recommitted its defined contribution plan to Prudential Retirement. Prudential Retirement is a business unit of Prudential Financial. The city has entered a three-year contract with the company.
March 16, 2015
08:26 EDTAIGAIG to acquire controlling stake in NSM Insurance
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08:25 EDTAIGAIG acquires controlling interest in NSM Insurance Group
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