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Morgan Stanley Downgrades SLF To Underweight
Friday, February 18, 2011 - 7:45am | 43Analysts at Morgan Stanley downgrade Sun Life Financial Inc (NYSE: SLF) from “equal weight” to “underweight.” SLF shares fell 2.64% to close at $33.51 yesterday. More Analyst Ratings here
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Canaccord Downgrades SLF To Hold
Thursday, February 17, 2011 - 7:57am | 41Analysts at Canaccord downgrade Sun Life Financial Inc (NYSE: SLF) from “buy” to “hold.” SLF shares gained 1.12% to close at $34.42 yesterday. More Analyst Ratings here
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Benzinga's Top ETF Gainers, February 16th (BAL, CZM, ERX, SOXL)
Wednesday, February 16, 2011 - 7:11pm | 224iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) led the gainers among the ETFs on Wednesday, as cotton futures traded higher on a rising global demand. iPath Dow Jones-UBS Cotton Subindex Total Return ETN (BAL) gained 6.19% today, and closed at $103.83. Direxion Daily China Bull 3x...
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Reinsurance Group of America Announces Private Stock Repurchase of 3M Shares
Wednesday, February 16, 2011 - 9:54am | 103Reinsurance Group of America, Incorporated (NYSE: RGA) purchased 3.0 million shares of RGA common stock from MetLife, Inc. (NYSE: MET) at a price of $61.14 per share on February 15, 2011. Further, RGA expects to repurchase up to 2.6 million additional shares of common stock, which may include an...
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Delphi Financial Reports EPS $0.96 Vs. $0.86 Est.; Revenues $462.5M (DFG)
Tuesday, February 15, 2011 - 5:13pm | 767Delphi Financial (NYSE: DFG) reported Q4 earnings of $0.96 per share, excluding non-recurring items. This was $0.10 better than the Street consensus of $0.86 per share. Revenues came in at $462.5M. Delphi Financial Group, Inc. (NYSE: DFG) announced that its operating earnings in the fourth quarter...
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Manulife Asset Management Acquires Optique Capital Management
Monday, February 14, 2011 - 11:33am | 66Manulife Asset Management has acquired the assets of Optique Capital Management, a registered investment adviser based in Milwaukee, Wisconsin. The acquisition closed on Friday, February 11; terms were not disclosed. As at December 31, 2010, Optique's mutual fund and separate account assets under...
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Prudential Financial To Participate In Bank of America Merrill Lynch's 2011 Insurance Conference
Friday, February 11, 2011 - 12:01pm | 55Prudential Financial, Inc. (NYSE: PRU) will participate in Bank of America Merrill Lynch's 2011 Insurance Conference in New York City on Wednesday, February 16, 2011. On that day at approximately 8:00 a.m. John Strangfeld, Prudential Financial, Inc.'s Chairman and Chief Executive Officer, will...
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Top 4 NYSE Stocks In The Life Insurance Industry With The Highest Cash (SLF, AV, PRU, MET)
Friday, February 11, 2011 - 4:56am | 138Below are the top life insurance stocks on the NYSE in terms of cash. Sun Life Financial Incorporated (NYSE: SLF) had $72.20 billion in total cash for the latest quarter. SLF's total debt for the same period amounted to $6.95 billion. Aviva plc (NYSE: AV) had $45.83 billion in total cash and $22.76...
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Benzinga's Top ETF Gainers, February 10th (BAL, TMV, EDZ, ERX)
Thursday, February 10, 2011 - 8:14pm | 193iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) jumped 5.52% today, and closed at $97.33, as cotton prices spiked on tight supply. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) gained 3.31% on Thursday. TMV closed at $51.13, and had a volume of 1.38M traded shares....
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Sterne Agee Raises PRU Target To $72 From $69
Thursday, February 10, 2011 - 10:05am | 27Sterne Agee is raising its PT on Prudential Financial Inc. (NYSE: PRU) to $72 from $69. Prudential Financial closed Wednesday at $63.13.
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J.P. Morgan: MET 4Q Weaker Than Expected
Thursday, February 10, 2011 - 9:56am | 145MetLife, Inc.'s (NYSE: MET) 4Q10 results were weaker than expected, marked by a shortfall in earnings and mixed business trends, J.P. Morgan reports. “Still, we maintain a positive long-term view on the company given its strong franchise and expanding ROE. “MET reported 4Q10 operating EPS of $1.14...
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Sterne Agee Maintains Sell Rating On Torchmark (TMK)
Thursday, February 10, 2011 - 9:45am | 160Sterne Agee is reiterating its Sell rating on Torchmark (NYSE: TMK) in a new report out today. “TMK reported Operating EPS of $1.68 vs. our $1.64 and consensus $1.65,” Sterne Agee notes. “On a core basis, underwriting results were in line with us and modest upside in excess net inv income was...
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Sterne Agee Leaves Protective Life $34 PT Unchanged (PL)
Thursday, February 10, 2011 - 9:22am | 142Sterne Agee left its Protective Life (NYSE: PL) $34 price target unchanged in a research report published today. Sterne Agee has previously rated Protective Life as Neutral. In the report, Sterne Agee states, "Reported Results. PL reported Operating EPS of $0.62, below our $0.63 and consensus $0.65...
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J.P. Morgan Reiterates Overweight on Prudential Financial (PRU)
Thursday, February 10, 2011 - 9:05am | 154J.P. Morgan is out with its report today on Prudential Financial (NYSE: PRU), reiterating Overweight after Q4 10 results were announced. In a note to clients, J.P. Morgan writes, "PRU reported 4Q10 operating EPS of $1.78, above our $1.46 estimate and consensus of $1.48. Ex. unusual items, PRU...
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J.P. Morgan Neutral On Protective Life (PL)
Thursday, February 10, 2011 - 8:37am | 157J.P. Morgan Chase & Co. has a Neutral rating and a $29 price target on shares of Protective Life (NYSE: PL). In a note to clients, J.P. Morgan writes, "We are maintaining our 2011 and 2012 EPS estimates at $3.19 and $3.46, respectively. Accretion from the UILIC and Liberty deals should lift PL'...