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The Phoenix Companies Announces Strategic Partnership with Legacy Marketing Group
Monday, July 18, 2011 - 9:02am | 102The Phoenix Companies, Inc. (NYSE: PNX) today announced a strategic alliance with the Legacy Marketing Group, an independent marketing organization that partners with insurance companies to design and market proprietary fixed annuity products. This collaboration will allow the two organizations...
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Independence Holding Company Announces Commencement of Exchange Offer for American Independence Common Stock
Friday, July 15, 2011 - 3:04pm | 134Independence Holding Company (NYSE: IHC) today announced that it has commenced an offer to exchange up to 908,085 shares of its common stock for properly tendered and accepted shares of common stock of American Independence Corp. (Nasdaq: AMIC). The Exchange Offer will expire at 5:00 p.m. Eastern...
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Unum Group declares quarterly dividend of 10.5 cents per share of its common stock
Friday, July 15, 2011 - 3:00pm | 41Effective July 15, 2011, the Unum Group (NYSE: UNM) Board of Directors declared a quarterly dividend of 10.5 cents per share on its common stock to be paid on Aug. 19, 2011, to stockholders of record on July 29, 2011.
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Credit Suisse Updates 7/15/11
Friday, July 15, 2011 - 6:36am | 869Credit Suisse made a number of updates in a research report published today. Freeport-McMoRan Copper & Gold (NYSE: FCX) had its rating assumed with an Outperform rating and a price target of $75. On Thursday, FCX lost 1.17% of its value to end the day at $54.25. Its shares continued to slide...
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Puts Purchased on Manulife Financial
Thursday, July 14, 2011 - 10:26am | 124Shares of Manulife Financial (NYSE: MFC) are lower on the session by 0.36%, currently trading at $16.84. The stock has been moving largely lower over the past five months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago...
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Bank of America Merrill Lynch Maintains Buy on Lincoln National
Thursday, July 14, 2011 - 8:32am | 130Bank of America Merrill Lynch is out with its report today on Lincoln National (NYSE: LNC), maintaining Buy. In a note to clients, Bank of America Merrill Lynch writes, "The company has a 10% ROE today with some upward bias given that tangible ROE (or an indicator of potential new business returns...
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Bank of America Upgrades Protective Life
Thursday, July 14, 2011 - 8:29am | 150Bank of America Merrill Lynch published a research report, upgrading Protective Life(NYSE: PL) The report noted that investors were focused on the impact of low interest rates. According to Bank of America Merrill Lynch, "Since the end of April (recent peak for life stocks and 10-year Treasury...
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Bank of America Upgrades Protective Life To Buy, $30 PO
Thursday, July 14, 2011 - 7:37am | 28Bank of America has upgraded Protective Life Corporation (NYSE: PL) from Neutral to Buy and has established a $30 price objective.
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Lincoln Financial Group to Delist from the Chicago Stock Exchange
Tuesday, July 12, 2011 - 3:32pm | 85Lincoln National Corporation (NYSE: LNC) has notified the Chicago Stock Exchange that it intends to withdraw listing of its shares of common stock and its $3.00 Cumulative Convertible Preferred Stock, Series A on the Chicago Stock Exchange. Lincoln can continue to meet investor needs by maintaining...
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Sun Life Financial redeems Series C Senior Unsecured 5.00% Fixed/Floating Debentures due in 2031
Monday, July 11, 2011 - 1:51pm | 37Sun Life Financial Inc. (NYSE: SLF) today announced that it has redeemed all of the outstanding $300 million principal amount of Series C Senior Unsecured 5.00% Fixed/Floating Debentures due in 2031.
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Benzinga's Top Downgrades
Monday, July 11, 2011 - 8:11am | 126Analysts at JP Morgan downgraded Torchmark Corp (NYSE: TMK) from “overweight” to “neutral.” Torchmark's stock closed at $43.17 on Friday. Torchmark's trailing-twelve-month ROA is 3.20%. Analysts at KeyBanc Capital Markets downgraded Teradata Corporation (NYSE: TDC) from “buy” to “hold.” Teradata's...
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JP Morgan Downgrades Torchmark to Neutral
Monday, July 11, 2011 - 7:01am | 48JP Morgan downgraded its rating on Torchmark (NYSE: TMK) from Overweight to Neutral. At the moment, JP Morgan has a price target of $44 placed on the company's stock. On Friday, TMK lost 1.17% of its value to finish the day at $43.17.
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JP Morgan Downgrades Torchmark To Neutral, $44 PT
Monday, July 11, 2011 - 5:29am | 26JP Morgan has downgraded Torchmark Corporation (NYSE: TMK) from Overweight to Neutral and has established a $44 price target.
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Iran, EMP and the First Dollar War
Friday, July 8, 2011 - 9:39pm | 5436TruthisTreason.net – Kevin Hayden Source: Ron Holland – Truth Contributor A short story showing how powerful elite interests and central bankers could manipulate American foreign policy using a black flag event in order to guarantee the American dollar remains the world's reserve currency. This is...
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Iran, EMP and the First Dollar War
Friday, July 8, 2011 - 9:39pm | 5436TruthisTreason.net – Kevin Hayden Source: Ron Holland – Truth Contributor A short story showing how powerful elite interests and central bankers could manipulate American foreign policy using a black flag event in order to guarantee the American dollar remains the world's reserve currency. This is...