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Stock Market & Financial Investment News

News Breaks
April 23, 2013
14:05 EDTMET, PRU, AIG, CBMetLife, 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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September 30, 2014
17:02 EDTPRUBristol-Myers to transfer $1.4B in U.S. pension obligations to Prudential
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15:06 EDTPRU, MET, AIGFed will begin study to evaluate impact of capital rules on insurance companies
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September 29, 2014
08:24 EDTAIGAIG bailout challenged by former CEO Greenberg, WSJ reports
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September 25, 2014
09:03 EDTPRUMotorola Solutions to cut pension plan liability by $4.2B
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September 22, 2014
07:34 EDTPRUThe Atlantic Council hosts a discussion
Prudential Managing Director Bonesteel, Rock Creek Global Advisors Vice President Lowery and International Monetary Fund Director discuss the growing importance of global public investors in international capital markets in a discussion being held in Washington, D.C. on September 22 at 4 pm.
September 19, 2014
11:19 EDTAIGAIG loss of Jay Wintrob a 'big deal,' says Wells Fargo
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September 18, 2014
16:30 EDTAIGAIG Life & Retirement CEO Jay Wintrob leaving company
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September 17, 2014
14:41 EDTMETMetLife management to meet with Sterne Agee
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