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Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:25 EDTUFCS, UFCS, EMCI, EMCI, AEL, AEL, FGL, FGL, FFG, FFG, SYA, SYA, PFG, PFGAmerican Equity Investment Life Holding to hold a conference
2014 Des Moines Insurance Conference is being held in West Des Moines, Iowa on May 29 with webcasted presentations to begin at 8:30 am; not all company presentations may be webcasted. Webcast Link
News For UFCS;EMCI;AEL;FGL;FFG;SYA;PFG From The Last 14 Days
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February 3, 2016
16:24 EDTFGLFidelity & Guaranty Life reports Q1 EPS 53c, consensus 52c
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February 1, 2016
16:25 EDTPFGPrincipal Financial reports AUM $527.4B at Q4-end
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16:24 EDTPFGPrincipal Financial reports Q4 operating EPS $1.02, consensus $1.05
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07:34 EDTEMCIEMC Insurance sees FY15 operating EPS $2.21-$2.26, consensus $2.11
EMC Insurance Group announced that it expects to report operating income1 in the range of $2.21 to $2.26 per share for the year ended December 31, 2015, and that the GAAP combined ratio for the year will be approximately 96.3 percent. These results are significantly better than the Company's most recent guidance, which anticipated operating income in the range of $1.80 to $2.00 per share and a GAAP combined ratio of 97.6 percent. "Improved premium rate adequacy and below average catastrophe and storm losses produced an excellent combined ratio--our lowest since 2006," stated President and CEO Bruce G. Kelley. "Operating income per share should exceed the high end of our previous guidance range by more than ten percent." The increase in guidance is primarily attributed to the reinsurance segment, which is expected to report a 71.0 percent fourth quarter GAAP combined ratio that is much lower than previously anticipated. This better than expected result is primarily driven by an increase in the amount of favorable development experienced on prior accident year reserves and a low level of large losses. The property and casualty insurance segment is expected to report a GAAP combined ratio of 99.6 percent for the fourth quarter.
January 29, 2016
10:05 EDTAELOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
08:28 EDTAELAmerican Equity initiated with an Outperform at RBC Capital
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January 26, 2016
09:15 EDTSYASumitomo Life receives approval to acquire Symetra Financial
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