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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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January 30, 2015
10:00 EDTPRUOn The Fly: Analyst Initiation Summary
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07:05 EDTPRUPrudential initiated with a Buy at Jefferies
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January 29, 2015
16:20 EDTCBChubb sees FY15 operating EPS $7.35-$7.65, consensus $7.82
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16:19 EDTCBChubb reports Q4 net premiums written up 3% to $3.1B
16:18 EDTCBChubb reports book value per share $70.12 at December 31, 2014
Compared to $70.00 at the end of the third quarter and $64.83 at December 31, 2013.
16:17 EDTCBChubb reports Q4 operating EPS $2.29, consensus $2.16
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16:16 EDTCBChubb announces new $1.3B share repurchase plan
The Corporation's prior repurchase program, which was approved by the Board in January 2014 and provided for the repurchase of up to $1.5B of the Corporation's common stock, has been completed.
15:37 EDTCBNotable companies reporting after market close
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07:26 EDTPRUIndependent Petroleum Association of America to hold a conference
Private Capital Conference is being held in Houston, Texas on January 29.
January 26, 2015
08:53 EDTMETBig name mortgage investors take step toward Ocwen lawsuit, Reuters says
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January 22, 2015
09:03 EDTMETMetLife assigned favorable judge in SIFI case, says Sterne Agee
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January 21, 2015
05:12 EDTAIGAIG to acquire Laya Healthcare
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January 20, 2015
08:05 EDTAIGAerCap may consider stock buyback from AIG, Reuters says
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06:44 EDTCBChubb downgraded to Neutral from Buy at UBS
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