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Keefe Bruyette Downgrades PUK To Market Perform
Wednesday, November 17, 2010 - 8:10am | 43Analysts at Keefe Bruyette downgrade Prudential Public Limited Company (NYSE: PUK) from "outperform" to "market perform." PUK's shares lost 3.16% to close at $19.30 yesterday. More Analyst Ratings here
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MetLife Declares Preferred Stock Dividends
Monday, November 15, 2010 - 5:42pm | 61MetLife, Inc. (NYSE: MET) announced today that it has declared fourth quarter 2010 dividends of $0.2527777 per share on the company's floating rate non-cumulative preferred stock, Series A (NYSE: METPrA), and $0.4062500 per share on the company's 6.50% non-cumulative preferred stock, Series B (NYSE...
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KBW Initiates CNO Financial Coverage With A Market Perform Rating; PT At $7
Monday, November 15, 2010 - 10:29am | 75Keefe, Bruyette & Woods reports that has initiated coverage of CNO Financial (NYSE: CNO), which KBW regards as a “niche life insurer uniquely focused on the senior middle-market demographic.” “Current management has taken a number of positive steps, but unfortunately legacy issues continue to...
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Keefe Bruyette & Woods Has $31 Price Target On Lincoln National (LNC)
Monday, November 15, 2010 - 8:21am | 86Keefe Bruyette & Woods has a $31 price target and an Outperform rating on Lincoln National (NYSE: LNC). In a note to clients, KBW writes, "Last Thursday LNC announced a $125 million share repurchase plan and its intention to redeem $150 million of trust preferred securities. Although minor...
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StanCorp Financial Upgraded - Analyst Blog
Friday, November 12, 2010 - 5:03pm | 409We recently upgraded StanCorp Financial Group (SFG) to Neutral from Underperform on the back of solid third-quarter results. StanCorp Financial reported third-quarter 2010 operating earnings of $1.39 per share beating the Zacks Consensus Estimate as well as the year-ago figure. The beat was...
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Early Christmas for Lincoln Investors - Analyst Blog
Friday, November 12, 2010 - 2:00pm | 915After successfully reconstructing its debt, Lincoln National Corp. (LNC) made yesterday eventful by outlining a number of ways to return wealth to shareholders, which includes a dividend hike, resumption of share repurchase program and redemption of preferred securities. The board of Lincoln...
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Prudential to Buy Biz, Raises Funds - Analyst Blog
Friday, November 12, 2010 - 11:06am | 511US insurer Prudential Financial Inc. (PRU) has commenced the offering of 18.4 million of its common shares at a price of $54.50 each. The net funds of $970 million from the issue would be used to finance part of the acquisition of American International Group Inc.'s (AIG) two Japanese life units...
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Prudential Prices 18.3 Mln Share Offering at $54.50 apiece
Friday, November 12, 2010 - 8:30am | 29Prudential Financial (NYSE: PRU) announced that it has priced a public offering of 18,348,624 shares of its common stock at $54.50 per share.
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2010 Fund Performance Period 11
Thursday, November 11, 2010 - 5:05pm | 4669If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [November...
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Aegon Profit Jumps - Analyst Blog
Thursday, November 11, 2010 - 4:03pm | 756Dutch insurer Aegon NV (AEG) reported third quarter net income of €657 million (US$905 million), which came in substantially ahead of €145 million (US$200 million) recorded in the year-ago quarter. The momentous swing was primarily due to improved underlying earnings, higher realized gains, new...
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Market Roundup (AMR, LCC, AEG, OPTC, LONG)
Thursday, November 11, 2010 - 2:14pm | 218US Airline stocks moved down along with the broader equity market. However, shares of American Airlines parent AMR Corp (NYSE: AMR) gained about 1.5%. Shares of US Airways (NYSE: LCC) fell about 0.5%.The NYSE Arca Airline Index (XAL) lost about 0.31%. Shares of Aegon NV (NYSE: AEG) fell about 0.7%...
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Lincoln National Corporation to Repurchase $125M of Common Stock
Thursday, November 11, 2010 - 1:32pm | 73Lincoln National Corporation (NYSE: LNC) today announced that its Board of Directors approved raising the quarterly dividend on common shares to $0.05 per share. In addition, the company announced its intention to repurchase up to $125 million of its common stock over a 15-month period and to...
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Zacks Analyst Blog Highlights: California Pizza Kitchen, The Allstate, Prudential Financial, Micromet and AstraZeneca - Press Releases
Thursday, November 11, 2010 - 11:33am | 2150For Immediate Release Chicago, IL – November 11, 2010 – Zacks.com Analyst Blog features: California Pizza Kitchen Inc. (CPKI), The Allstate Corp. (ALL), Prudential Financial Inc. (PRU), Micromet Inc. (MITI) and AstraZeneca (AZN). Get the most recent insight from Zacks Equity Research with the free...
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Stocks Going Ex Dividend the Fourth Week of November
Wednesday, November 10, 2010 - 10:34pm | 698Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Prudential Financial, Inc. Announces $1.0B Stock Offering
Wednesday, November 10, 2010 - 5:12pm | 112Prudential Financial, Inc. (NYSE: PRU) today announced that it has commenced a public offering of $1.0 billion of its Common Stock. Citi, BofA Merrill Lynch, UBS Investment Bank and Barclays Capital will serve as joint bookrunning managers for the offering. The underwriters will have a 30-day...