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UPDATE: Morgan Stanley Downgrades Aflac to Equal-Weight
Friday, May 27, 2011 - 8:41am | 129Morgan Stanley is out with its report today on Aflac (NYSE: AFL), downgrading AFL from Overweight to Equal-weight. In a note to clients, Morgan Stanley writes, "With an RBC ratio of 520%, the consensus view is that Aflac is flush with excess capital – as much as $2.0 billion by some estimates. Our...
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Morgan Stanley Downgrades Aflac To Equal Weight, Removes PT
Friday, May 27, 2011 - 8:05am | 26Morgan Stanley has downgraded Aflac (NYSE: AFL) from Overweight to Equal Weight and has removed its price target.
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Credit Suisse Reports on Prudential Financial
Thursday, May 26, 2011 - 8:00am | 211In a report released Thursday, Credit Suisse commented on Prudential Financial (NYSE: PRU). In the report, Credit Suisse was positive in its assessment of the company. Credit Suisse writes, "In a new report published today: "Auto-Rebalancing the VA (Variable Annuity) Industry", we look at the...
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Morgan Stanley Provides Color On StanCorp Financial's Investor Day
Thursday, May 26, 2011 - 6:33am | 86According to a recent report from Morgan Stanley, StanCorp Financial (NYSE: SFG) hosted the annual investor day hitting on key topics of recent results and upcoming outlook for the company. In the report, Morgan Stanley said, "Reflecting a range of initiatives, the company appears to be gaining...
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NASDAQ Stocks Hitting 52-Week Highs
Wednesday, May 25, 2011 - 9:05am | 136American Independence Corp (NASDAQ: AMIC) shares gained 0.17% to create a new 52-week high of $6.07. AMIC reported its Q1 net income at $3,184,000. Hansen Natural Corporation (NASDAQ: HANS) shares jumped 1.13% to create a new 52-week high of $70.41. HANS' trailing-twelve-month operating margin is...
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Unum Group Increases Common Stock Dividend by 13.5% to $0.105
Wednesday, May 25, 2011 - 8:57am | 65Unum Group (NYSE: UNM) announced today at its annual meeting of shareholders that its Board of Directors has authorized an increase of 13.5 percent in the quarterly dividend paid on its common stock. The new quarterly dividend rate of 10.5 cents per common share will be effective with the dividend...
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Citigroup Lowers PT On AFLAC To $55
Wednesday, May 25, 2011 - 5:35am | 25Citigroup has lowered the price target on AFLAC (NYSE: AFL) from $57 to $55 and maintains its Hold rating.
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Options Brief: China Life Insurance Company
Tuesday, May 24, 2011 - 10:16am | 108Shares of China Life Insurance Company (NYSE: LFC) are higher on the session by 0.34%, trading at $50.56. Overall put volume is now running at 3.42x the daily average, with 69% of all puts traded being purchases on the offer. 2,042 contracts have traded on the session so far. China Life...
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Jefferies & Company Reports on Consumer Finance
Tuesday, May 24, 2011 - 7:01am | 262Jefferies & Company commented on consumer finance companies in a report released today. Jefferies commented on Cash America (NYSE: CSH), First Cash Financial (NASDAQ: FCFS), and Dollar Financial Group (NYSE: DFG) and was positive on the industry. Jefferies writes, "Yesterday the Texas Senate...
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Keefe, Bruyette & Woods Updates Estimates On PRU
Tuesday, May 24, 2011 - 6:58am | 53Keefe, Bruyette & Woods, citing strong results in 1Q, is updating its estimates on Prudential Financial (NYSE: PRU). KBW has raised its 2011 estimate from $6.30 to $6.65 and its 2012 estimate from $7.80 to $7.90. An Outperform rating and a $75 price target are maintained on the stock. PRU...
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Deutsche Bank Maintains Buy on Aflac
Tuesday, May 24, 2011 - 6:28am | 114Deutsche Bank is out with its report today on Aflac (NYSE: AFL), maintaining Buy. In a note to clients, Deutsche Bank writes, "Reduced 2012 EPS estimate to $5.90 from $6.10 to reflect an increased benefit ratio assumption for Aflac Japan. Even though the company's 2012 EPS growth outlook...
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Sun Life Financial announces intention to redeem Series C Senior Unsecured 5.00% Fixed/Floating Debentures due in 2031
Thursday, May 19, 2011 - 1:18pm | 95Sun Life Financial Inc. (NYSE: SLF) today announced that it will redeem all of the outstanding $300 million principal amount of Series C Senior Unsecured 5.00% Fixed Floating/Debentures due in 2031, in accordance with the redemption terms attached to the Debentures. All of the issued and...
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CEOWORLD Top Gainers and Losers Stocks ON 5/19/11- WTM, NSU, NOG, GPRO, NYT, HLF, SPLS, BRC, AFL, ODP
Thursday, May 19, 2011 - 7:41am | 1247Gainers ON 5/19/11- White Mountains Insurance Group Ltd. (WTM) is trading at a dramatic change of 15.00% from its previous day's close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 3.14B Nevsun Resources (NSU) is trading at a...
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KBW Lowers Aflac Target from $67 to $64
Thursday, May 19, 2011 - 7:34am | 25KBW is lowering its PT on shares of Aflac (NYSE: AFL) from $67 to $64. Aflac closed Wednesday at $50.45.
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UPDATE: Morgan Stanley Lowers PT on Aflac to $64 (AFL)
Thursday, May 19, 2011 - 7:18am | 143Morgan Stanley is out with its report today on Aflac (NYSE: AFL), lowering its PT from $69 to $64. In a note to clients, Morgan Stanley writes, "For longer-term investors, we continue to see potential upside and recommend accumulating a position in the stock on any further weakness. Clearly the...