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MetLife, True Religion Rally After Earnings
Thursday, July 28, 2011 - 3:27pm | 120Among the stocks that are moving higher in the after hours on Thursday are MetLife (NYSE: MET), and True Religion (NASDAQ: TRLG). Both company's released quarterly earnings reports after the closing bell. MetLife (MET) reported Q2 EPS of $1.24, which compared to analysts' consensus estimates of...
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MetLife Rises on Higher Than Expected Revenues
Thursday, July 28, 2011 - 3:17pm | 201Shares of MetLife (NYSE: MET) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 2.49%, at $40.80; they ended the regular session higher by 0.56%, at $39.81. MetLife reported Q3 EPS of $1.13 on revenues of $16.89...
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Unum partners with United Concordia for new dental offering
Thursday, July 28, 2011 - 9:04am | 146Unum (NYSE: UNM) is pleased to announce that it will soon offer dental benefits, thanks to a partnership with United Concordia. The partnership unites two employee benefit market leaders – both with a focus on product innovation and world-class customer service – to provide group dental benefits...
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J.P. Morgan Comments on Growth and Performance at AFLAC
Thursday, July 28, 2011 - 8:16am | 93J.P. Morgan has published a research report on AFLAC (NYSE: AFL) highlighting better than expected results. In the report, J.P. Morgan wrote, "Earnings exceeded our forecast, sales in both Japan and U.S. beat expectations, U.S. recruiting improved, and management slightly raised its 2012 EPS...
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Bank Of America Increases Estimates On Aflac
Thursday, July 28, 2011 - 8:06am | 74According to Bank of America, Aflac (NYSE: AFL) reported 2Q11 operating EPS of $1.56 (vs. $1.35, up 16%), which was better than the estimate and consensus (both $1.54). Bank of America said that it is raising its operating EPS estimates from $6.25 to $6.33 for 2011, from $6.65 to $6.80 for 2012...
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MetLife and Punjab National Bank to Enter into Strategic Partnership; PNB to Acquire Interest in MetLife India
Thursday, July 28, 2011 - 6:20am | 254MetLife, Inc. (NYSE: MET) announced today that its affiliate, MetLife India Insurance Company Ltd, has agreed to enter into a 10-year distribution arrangement with Punjab National Bank and that PNB will acquire a 30 percent interest in MetLife India. PNB, the second largest bank in India, will...
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Wunderlich Securities Reiterates Buy and PT of $37 on Delphi Financial Group
Thursday, July 28, 2011 - 2:45am | 49Wunderlich Securities reiterated its Buy rating on Delphi Financial Group (NYSE: DFG). At the same time, the rating agency left its price target on the company's stock unchanged at $37. On Wednesday, DFG lost 6.09% of its value to finish the day at $26.81.
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Aflac Reportes Stellar Earnings Results/Guidance
Wednesday, July 27, 2011 - 3:32pm | 181Shares of Aflac (NYSE: AFL) are bid higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are bid $44.15, at $44.95; they ended the regular session lower by 2.58%, at $44.15. Aflac reported Q2 EPS of $1.56 on revenues of $5.09 billion; the Street...
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Options Brief: Protective Life
Wednesday, July 27, 2011 - 1:07pm | 77Shares of Protective Life (NYSE: PL) are lower on the session by 3.07%, trading at $21.46. Overall put volume is now running at 161.89x the daily average, with 90% of all puts traded being purchases on the offer. 1,457 contracts have traded on the session so far. Protective Life Corporation is a...
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Wunderlich Securities Reiterates Buy and PT of $37 on Delphi Financial Group
Wednesday, July 27, 2011 - 2:39am | 49Wunderlich Securities reiterated its buy rating on Delphi Financial Group (NYSE: DFG). At the same time, the rating agency left its price target on the company's stock unchanged at $37. On Tuesday, DFG lost 2.06% of its value to finish the day at $28.55.
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Do As I Say, Not As I Do
Tuesday, July 26, 2011 - 11:45am | 408President Obama has never been shy in his distaste for people who are wealthy and have made their wealth, particularly on Wall Street. From blaming those who own "corporate jets" to "hedge fund managers," Obama has never been shy in his verbal jabs at the group. What's interesting is that despite...
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UPDATE: Bank of America Lowering Price Target On StanCorp Financial Group
Tuesday, July 26, 2011 - 6:37am | 128Bank of America Merrill Lynch is out with a research report on StanCorp Financial Group (NYSE: SFG) and is lowering its price target to $42 from $51 following earnings. It has a Neutral rating on shares. In a note to clients, Bank of America Merrill Lynch writes, "Group insurance contracts allow...
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Bank of America Lowers PO On StanCorp Financial To $42
Tuesday, July 26, 2011 - 5:24am | 29Bank of America has lowered the price objective on StanCorp Financial Group (NYSE: SFG) from $51 to $42 and maintains its Neutral rating.
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Top 4 Stocks In The Asset Management Industry With The Highest Cash
Tuesday, July 26, 2011 - 3:21am | 139Below are the top asset management stocks on the NYSE and the NASDAQ in terms of cash. Bank of New York Mellon Corp (NYSE: BK) had $114.68 billion in total cash and $39.29 billion in total debt for the latest quarter. Franklin Resources Inc (NYSE: BEN) had $6.43 billion in total cash and $2.16...
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Wunderlich Securities Reiterates Buy and PT of $37 on Delphi Financial Group
Tuesday, July 26, 2011 - 3:01am | 49Wunderlich Securities reiterated its Buy rating on Delphi Financial Group (NYSE: DFG). At the same time, the rating agency left its price target on the company's stock unchanged at $37. On Monday, DFG lost 1.35% of its value to finish the day at $29.15.