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Stock Market & Financial Investment News

News Breaks
August 13, 2014
06:13 EDTUNM, RGACiti recommends long Unum, short Reinsurance pair trade
Citigroup recommends initiating a pair trade of long Unum Group (UNM), short Reinsurance Group (RGA). Citi likes Unum for its leverage to higher rates and economic growth and thinks increased competition concerns will limit Reinsurance upside.
News For UNM;RGA From The Last 14 Days
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October 29, 2014
16:03 EDTUNMUnum Group backs view of FY14 operating EPS up 5%-10%
The company anticipates growth in FY14 after-tax operating EPS to be in the outlook range announced in December 2013 of five percent to ten percent, consensus $3.58.
16:02 EDTUNMUnum Group reports Q3 adjusted EPS 87c, consensus 90c
Reports Q3 revenue $2.61B, consensus $2.61B. Book value per common share as of September 30 was $36.69, compared to $33.20 at September 30, 2013.
15:53 EDTUNMNotable companies reporting after market close
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October 27, 2014
16:22 EDTRGAReinsurance Group reports Q3 EPS $2.28, consensus $2.07
Reports Q3 revenue $2.72B, consensus $2.65B.
October 21, 2014
09:03 EDTRGAReinsurance Group to acquire Aurora National Life Assurance Company
Reinsurance Group of America (RGA) announced the execution of agreements under which RGA will acquire all of the stock of Aurora National Life Assurance Company, a wholly owned life insurance subsidiary of Swiss Re (SSREY). Aurora, which is part of Swiss Re's Admin Re business in the U.S., has approximately 82,000 policies in force and statutory policyholder liabilities of $2.7B. The underlying business is comprised of approximately two-thirds annuities, primarily payout annuities, and one-third interest-sensitive life products. Aurora has not written significant new business in over 20 years. The transaction is expected to close in early 2015 subject to customary regulatory approvals.
October 20, 2014
06:59 EDTUNMUnum Group upgraded at Raymond James
As previously reported, Raymond James upgraded Unum Group to Outperform from Market Perform. The firm upgraded shares based on relative valuation, strong cash flow, improved U.K business results, and solid core U.S. lines of business. Price target is $38.
06:42 EDTUNMUnum Group upgraded to Outperform from Market Perform at Raymond James
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