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Benzinga's After Hours Gainers
Friday, July 8, 2011 - 5:18pm | 130Despite the fact that it is a Friday, there are a number of names that are moving higher in late trade on decent volume. Among them are Titan International (NYSE: TWI), Janus Capital (NYSE: JNS), Life Partners Holdings (NASDAQ: LPHI), Legg Mason (NYSE: LM), Knight Capital Group (NYSE: KCG) and...
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How to Lose Money: Buy Stocks With "China" In the Name
Friday, July 8, 2011 - 3:12pm | 274The recent collapse in the share price of Chinese reverse mergers is at this point widely known. But, what if investors had simply purchased a basket of companies with the name "China" somewhere in the security? Here are the performances of securities on the NYSE, containing the word "China,"...
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Calls Purchased on Lincoln National
Friday, July 8, 2011 - 12:14pm | 125Shares of Lincoln National (NYSE: LNC) are lower on the session by 3.37%, currently trading at $28.40. The stock has been moving largely lower over the past five months, though it is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A short...
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Wunderlich Downgrading StanCorp Financial Group On "Employment Malaise"
Friday, July 8, 2011 - 7:47am | 157Wunderlich Securities is downgrading shares of StanCorp Financial Group Inc. (NYSE: SFG) to Hold from Buy, and lowering the price target to $47 from $50. In a note to clients, Wunderlich Securities writes, "We are lowering our rating on StanCorp Financial Group (SFG) to Hold from Buy and our price...
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Wunderlich Downgrades StanCorp Financial To Hold, Lowers PT To $47
Friday, July 8, 2011 - 7:25am | 28Wunderlich Securities has downgraded StanCorp Financial (NYSE: SFG) from Buy to Hold and has lowered the price target from $50 to $47.
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Benzinga's Top Downgrades
Friday, July 8, 2011 - 7:19am | 121Analysts at Robert W. Baird downgraded Immucor Inc (NASDAQ: BLUD) from “outperform” to “neutral.” Immucor's stock closed at $26.98 yesterday. Immucor's PEG ratio is 2.27. Analysts at Wunderlich downgraded StanCorp Financial Group Inc (NYSE: SFG) from “buy” to “hold.” SFG 's shares closed at $43.05...
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Principal Global Investors to Acquire 74% Stake in Origin Asset Management for $66M
Thursday, July 7, 2011 - 8:30am | 47Principal Global Investors, LLC (NYSE: PFG), today announced a definitive agreement to acquire a 74% stake in Origin Asset Management, LLP, for approximately US $66 million based on current exchange rates. Origin is an established global equity specialist based in London.
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Jim Prieur to Retire as CEO of CNO Financial Group
Wednesday, July 6, 2011 - 4:01pm | 123CNO Financial Group, Inc. (NYSE: CNO) today announced that its chief executive officer C. James Prieur, 60, has decided to retire from that position and from the board of directors as of September 30. The Board of Directors of CNO has announced that it has elected CFO Ed Bonach, 57, to become CEO...
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Torchmark Corporation Declares Partial 3 for 2 Stock Split
Tuesday, July 5, 2011 - 8:02am | 118As previously announced on May 2, 2011, Torchmark Corporation's (NYSE: TMK) Board of Directors declared a 3 for 2 partial stock split paid in the form of a 50% stock dividend on all the Company's outstanding common stock. The record date for the 3 for 2 stock split was the close of business on...
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Wells Fargo Reiterates Outperform on CNO Financial Group
Friday, July 1, 2011 - 8:28am | 80Wells Fargo is out with its report today on CNO Financial Group (NYSE: CNO), reiterating Outperform. In a note to clients, Wells Fargo writes, "We believe share repurchase, together with building a holding company investment portfolio to take advantage of CNO's non-life loss carryfoward, should...
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CNO Financial Buys Back 2.2M Shares for $16.2M
Thursday, June 30, 2011 - 3:04pm | 65CNO Financial Group, Inc. (NYSE: CNO) today announced that during the second quarter of 2011 it repurchased 2,206,648 shares of its common stock for an aggregate purchase price of $16.2 million under the share repurchase program announced on May 16, 2011. The shares were repurchased at an average...
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Citi Reiterates Aflac Hold, Reduces PT to $50
Thursday, June 30, 2011 - 1:14pm | 72Citi reiterated its Aflac (AFL) Hold rating and reduced its Aflac price target from $55 to $50 in a research report published today. In the report, Citi states, "We still like the Aflac story, but it will take longer than the 3 quarters management would like to de-risk the $88.4B investment...
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Scotia Capital Maintains Sector Outperform on Aflac
Thursday, June 30, 2011 - 8:55am | 108Scotia Capital is out with its report today on Aflac (NYSE: AFL), maintaining Sector Outperform. In a note to clients, Scotia Capital writes, "AFL can partially offset the impact of its de-risking plan by swapping USD for JPY debt. Steady progress on actions underway in 2011 plus a continuation of...
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Goldman Sachs Provides Color on Insurance
Thursday, June 30, 2011 - 5:35am | 123Goldman Sachs provided color on the insurance sector. In a research report published today, Goldman selected its top picks from the sector. These are: Prudential Financial (NYSE: PRU), LPL Investment (NASDAQ: LPLA) and Ameriprise Financial (NYSE: AMP), all Buy rated. On Wednesday, Prudential added...
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Blowing Bubbles
Wednesday, June 29, 2011 - 12:01am | 628Blowing bubbles is great fun for the young, and young at heart. There is something magical about watching a perfect bubble float off a wand and carelessly meander through the air like a mystical orb. You can lose yourself in that bubble, you can get lost in its beauty, but the magic only lasts for...