Protective Life may buy some U.S. assets from AXA in $1B deal, Reuters says Protective Life (PL) leads in the competition to acquire some U.S. life insurance assets from AXA (AXAHY), according to Reuters, citing people familiar with the situation. The deal could value the assets near $1B, the report said. Reference Link
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Protective Life price target raised to $54 from $48 at UBS UBS raised its price target on Protective Life ahead of its Investor Day on Thursday. The firm notes the shares have historically outperformed around prior Investor Day events. UBS expects the company to continue to generate significant excess capital and to continue to generate above-peer growth in book value and earnings per share. Shares are buy rated.