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ALICO to Earn for MetLife in 2011 - Analyst Blog
Tuesday, December 7, 2010 - 3:43pm | 823Yesterday, MetLife Inc. (MET) announced its projected operating earnings growth to be more than 38% year over year in 2011, which is guided in the range of $5.1–$5.5 billion or $4.75–$5.15 per share. The raised optimism reflects the company's major acquisition of American Life Insurance Co. (...
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AIG's Nan Shan Attracts Bidders - Analyst Blog
Tuesday, December 7, 2010 - 3:00pm | 1030After several impediments in the way of disposing American International Group Inc.'s (AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay...
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AIG's Nan Shan Attracts Bidders - Analyst Blog
Tuesday, December 7, 2010 - 2:30pm | 1030After several impediments in the way of disposing American International Group Inc.'s (AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay...
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Options Brief: China Life Insurance Company (LFC)
Tuesday, December 7, 2010 - 1:22pm | 96Shares of China Life Insurance Company (NYSE: LFC) are higher on the session by 0.36%, trading at $64.48. Overall put volume is now running at 2.89x the daily average, with 8% of all puts traded being purchases on the offer. 4,606 contracts have traded on the session so far. China Life Insurance...
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Tuesday's Put/Call Ratio Leaders (WU, SPWRB, NETL, LFC, DFS)
Tuesday, December 7, 2010 - 1:20pm | 93Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Western Union (NYSE: WU) 2,573 puts, 70 calls 2. SunPower Corp. (NASDAQ: SPWRB) 3,763 puts, 265 calls 3. NetLogic Microsystems (NASDAQ: NETL) 2,879 puts, 350 calls 4. China Life...
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Deutsche Bank On MetLife Post Investor Day
Tuesday, December 7, 2010 - 10:07am | 159Deutsche Bank has published a research report on MetLife, Inc. (NYSE: MET) after attending the company's investor day. In the report, Deutsche Bank writes "MetLife estimates it has $4.7 bn of excess capital in its US operations, based on a 410-440% RBC ratio relative to a 350% target. Most double-A...
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Sterne Agee Reports On MetLife Post Investor Day
Tuesday, December 7, 2010 - 9:52am | 240Sterne Agee has published a research report on MetLife, Inc. (NYSE: MET) after the company hosted an investor day. In the report, Sterne Agee writes "Mgmt reminded us that MET will submit their filing for the second version of the Fed's stress testing of the 19 largest financial institutions in...
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Keefe Bruyette & Woods Comments On Metlife Following Investor Day
Tuesday, December 7, 2010 - 8:59am | 84Metlife (NYSE: MET) guided 2011 to a range centered slightly below consensus, but above levels some had feared, driving some recovery in the shares on Monday. Management's broad themes were as expected: near-term caution about macro pressures domestically, optimism about ALICO, and ambiguity about...
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Benzinga's Top ETF Decliners (ZSL, TMV, XPP, EWP)
Monday, December 6, 2010 - 7:26pm | 182ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 6.14% today, as silver futures continued to move higher. This was the eight trading session in a row that ZSL closed in the positive territory. Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE: TMV) fell 4.24%, and closed at $41.58. It had...
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Torchmark Corporation Declares Dividend of $.16
Monday, December 6, 2010 - 5:58pm | 59Torchmark Corporation (NYSE: TMK) announced that its Board of Directors has declared a quarterly dividend of $.16 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on January 6, 2011. The dividend will be...
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Citi Reiterates Hold On Principal Financial Group
Monday, December 6, 2010 - 10:38am | 154Citi reiterates its Hold rating and $30 target price on Principal Financial Group (NYSE: PFG) but based upon management's commitment to share repurchases within its new 2011 EPS guidance range of $2.80 - $3.00, Citi has raised its 2011E-13E to $2.80, $3.25 and $.375, respectively. There is no...
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A Peek Into The Market Before The Trading Starts
Monday, December 6, 2010 - 9:22am | 448Pre-open movers US stock futures are lower, this morning following the strong rise in stocks last week. Futures on the Dow Jones Industrial Average lost 11 points to 11,353 and S&P 500 futures slipped 3.4 points to 1,220. Nasdaq 100 futures dropped 7 points at 2,180. A Peek Into Global Markets...
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MetLife Sees 2011 EPS of $4.75 to $5.15
Monday, December 6, 2010 - 9:00am | 167MetLife, Inc. (NYSE: MET) earlier today announced several financial targets for 2011 as well as its expected results for the fourth quarter and full year 2010. 2011 Guidance “In 2011, MetLife will continue to generate strong growth with operating earnings1 expected to increase 38%2 over 2010 to...
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Rating Actions on Manulife - Analyst Blog
Friday, December 3, 2010 - 3:03pm | 492The issuer credit ratings (ICR) and debt ratings of Manulife Financial Corporation (MFC) have been lowered to “a-” from “a” by A.M. Best Co. The rating agency has also downgraded the ICR and debt ratings to “a-” from “a” of The Manufacturers Investment Corporation, a subsidiary of Manulife...
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Rating Actions on Manulife - Analyst Blog
Friday, December 3, 2010 - 2:44pm | 492The issuer credit ratings (ICR) and debt ratings of Manulife Financial Corporation (MFC) have been lowered to “a-” from “a” by A.M. Best Co. The rating agency has also downgraded the ICR and debt ratings to “a-” from “a” of The Manufacturers Investment Corporation, a subsidiary of Manulife...