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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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May 20, 2015
08:05 EDTAIGAIG acquires controlling stake in ING Employee Benefits Global Network
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May 15, 2015
17:15 EDTAIGPaulson & Co. gives quarterly update on stakes
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10:55 EDTAIGJANA Partners gives quarterly update on stakes
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10:01 EDTPRU, METOn The Fly: Analyst Initiation Summary
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05:51 EDTPRUPrudential initiated with a Neutral at Goldman
Target $89.
05:50 EDTMETMetLife initiated with a Neutral at Goldman
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May 14, 2015
16:26 EDTAIGAIG files automatic mixed securities shelf
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06:25 EDTMETStandard Chartered seeks buyers for Hong Kong pension unit, Reuters reports
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May 13, 2015
08:45 EDTAIGAIG names Brian Schreiber as Chef Strategy Officer
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May 12, 2015
06:32 EDTMETU.S. wants dismissal of MetLife's lawsuit over too big to fail, Reuters says
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