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Stock Market & Financial Investment News

News Breaks
April 23, 2013
14:05 EDTPRU, CB, MET, AIGMetLife, 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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August 28, 2015
06:10 EDTAIGAIG unit seeks $1.76B in damages from Coventry First, Reuters reports
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