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A.M. Best Upgrades CNO Financial - Analyst Blog
Thursday, December 23, 2010 - 11:30am | 709The rating agency A.M. Best Co. has upgraded the issuer credit ratings (“ICR”) and the existing senior debt rating for CNO Financial Group, Inc. (CNO), along with the financial strength rating (“FSR”) and ICR for CNO Financial's operating subsidiaries - Bankers Life and Casualty Company, Bankers...
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Wells Fargo Raises CNO Valuation Range From $6-8 To $7-9
Wednesday, December 22, 2010 - 11:45am | 95Wells Fargo is raising its valuation range for CNO Financial Group, Inc. (NYSE: CNO) to $7-9 from a prior range of $6-8. “The midpoint of our new valuation range is based on a 0.65x multiple against our conservative estimate of adjusted 2011 book value of $11.85, which backs out the NOL and 35% of...
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Top 4 Large-Cap Stocks In the Life Insurance Industry With The Highest Revenue (AV, PUK, LFC, MET)
Wednesday, December 22, 2010 - 4:39am | 126Below are the top large-cap life insurance stocks on the NYSE and the NASDAQ in terms of revenue. The trailing-twelve-month revenue at Aviva plc (NYSE: AV) is $84.16 billion. AV's ROE for the same period is 12.98%. The trailing-twelve-month revenue at Prudential Public Limited (NYSE: PUK) is $79.87...
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Market Roundup (TAM, AMR, RYAAY, KMX, STI, LNC, JBL)
Tuesday, December 21, 2010 - 1:10pm | 251Airline stocks rose, along with the wider market. The gainers in the list included TAM SA (NYSE: TAM) and AMR Corp (NYSE: AMR). However, shares of Ryanair Holdings (NASDAQ: RYAAY) fell about 0.37%. The NYSE Arca Airline Index (XAL) moved up about 1%. Shares of CarMax Inc (NYSE: KMX) fell about 9%...
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A Peek Into The Market Before The Trading Starts
Tuesday, December 21, 2010 - 8:52am | 457Pre-open movers US stock futures are higher this morning as tensions eased on the Korean Peninsula. Futures for the Dow Jones Industrial Average gained 36 points to 11,440, while those for the S&P 500 index moved up 4.40 points to 1,246. Futures for the Nasdaq 100 index gained 5.50 points to 2,...
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CNO Names Todd Coombes as SVP and CIO
Tuesday, December 21, 2010 - 8:38am | 41CNO Financial Group, Inc. (NYSE: CNO) today announced that Chris McKee has been promoted to Senior Vice President, Operations and Todd Coombes has been promoted to Senior Vice President and Chief Information Officer.
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Principal Real Estate Investors Acquires Montgomery Washington Tower in San Francisco
Friday, December 17, 2010 - 11:08am | 49Principal Real Estate Investors (NYSE: PFG) announces the acquisition of Montgomery Washington Tower, a 270,000 square-foot, class A office building located in the heart of San Francisco's financial district. Principal Real Estate Investors is acquiring the office portion of the 27-story tower.
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Lincoln Financial Group Names Randal J. Freitag CFO
Thursday, December 16, 2010 - 5:32pm | 62Lincoln Financial Group (NYSE: LNC) today announced that it has promoted Randal J. Freitag to Executive Vice President and Chief Financial Officer, effective January 1, 2011. As CFO, Freitag will replace Frederick J. Crawford, who as previously announced will now assume the newly created position...
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Thursday's Put/Call Ratio Leaders (LVLT, FLR, STD, MT, LFC)
Thursday, December 16, 2010 - 1:19pm | 92Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Levels 3 Communications (NASDAQ: LVLT) 10,102 puts, 244 calls 2. Fluor Corp. (NYSE: FLR) 5,943 puts, 627 calls 3. Santander Finance (NYSE: STD) 2,539 puts, 364 calls 4. Arcelor Mittal...
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Principal Real Estate Investors Acquires Office Building in Houston
Thursday, December 16, 2010 - 10:46am | 52Principal Real Estate Investors (NYSE: PFG) announces the acquisition of Westway III from Dienna Nelson Augustine Company. Westway III is a 182,000 square-foot, class A office building located in west Houston. Completed in 2008, it has earned Leadership in Energy and Environmental Design gold...
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BofA/Merrill Downgrades AEG To Underperform
Thursday, December 16, 2010 - 9:39am | 49Analysts at BofA/Merrill downgrade AEGON N V (NYSE: AEG) from "neutral" to "underperform." The target price for AEG is set to $28. AEG's shares lost 1.45% to close at $6.11 yesterday. More Analyst Ratings here
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Benzinga's Top Downgrades (IRET, AEG, QGEN, RTN)
Thursday, December 16, 2010 - 9:21am | 145Investors Real Estate Trust (NASDAQ: IRET) was downgraded by Robert W Baird from "outperform" to "neutral." JKHY's stock closed at $9.02 yesterday. Investors Real Estate Trust's 52-week trading range is $7.79-$9.34 AEGON N V (NYSE: AEG) was downgraded by BofA/Merrill from "neutral" to "underperform...
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CNO Names John Wright as Executive VP of Technology and Operations
Thursday, December 16, 2010 - 8:35am | 29CNO Financial Group, Inc. (NYSE: CNO) today announced that John Wright has been named executive vice president of technology and operations.
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CNO Financial Prices Credit Notes - Analyst Blog
Wednesday, December 15, 2010 - 3:33pm | 416In order to retire the existing senior credit facility, CNO Financial Group Inc. (CNO) has priced its senior secured notes together with the new senior secured credit facility and CNO Financial's available cash. CNO Financial has priced its $275 million principal amount of 9.0% senior secured...
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CNO Financial Prices Credit Notes - Analyst Blog
Wednesday, December 15, 2010 - 3:00pm | 416In order to retire the existing senior credit facility, CNO Financial Group Inc. (CNO) has priced its senior secured notes together with the new senior secured credit facility and CNO Financial's available cash. CNO Financial has priced its $275 million principal amount of 9.0% senior secured...