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Real Estate Sector May Be Poised For Bounce 09-29-2010
Wednesday, September 29, 2010 - 7:05pm | 811Cusick's Corner The market continued to stay in a tight range into the After Hours, but one key sector, Energy (XLE) was moving today. With the month-end and the breakouts continuing, market watchers and traders are looking for the next sector to join the upside party. It looks like the Real...
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Afternoon Market Update (THO, JBLU, DAL, PRU, AIG, CBG)
Wednesday, September 29, 2010 - 10:59am | 220Shares of Thor Industries (NYSE: THO) shares surged after the company reported upbeat Q4 earnings. The company reported that its acquisition of Heartland RV, along with a strong cash position without any outstanding debt, "will help fuel additional growth...in 2011 and beyond." THO shares are up...
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AIG Selling Japanese Units To Prudentail (AIG)
Wednesday, September 29, 2010 - 9:48am | 130As it continues to pay down its debt to the U.S. government, AIG (NYSE: AIG) continues to sell pieces of its company to other insurers. AIG is in talks to sell its Japanese units to Prudential (NYSE: PRU) for $4.8 billion in cash, according to Bloomberg. The subsidiaries that are being discussed...
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Deutsche Bank Has Notes On Prudential (PRU)
Wednesday, September 29, 2010 - 7:39am | 105Deutsche Bank has some notes on the life insurance industry, and in particular Prudential Financial, Inc. (NYSE: PRU). It has a Hold rating on shares. In the research report, Deutsche Bank writes, "Prudential positioned for a large acquisition or share buybacks. The $2.4 billion dividend to the...
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AEG To Close 2 Units; Cuts UK Operation Costs
Tuesday, September 28, 2010 - 9:34am | 161AEGON NV (NYSE: AEG) announced on Tuesday that it would be advancing with its plans to cut costs at its UK operations by 25%. In June, AEG had announced its intention to cut costs. Aegon plans to shut down two of its businesses and to streamline management. Its third-party-pension-administration...
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MetLife Units Vend Notes - Analyst Blog
Saturday, September 25, 2010 - 1:00pm | 704Recently, a couple of subsidiaries of MetLife Inc. (MET) sold off senior notes worth approximately $2 billion. According to the Reuters, on Wednesday, MetLife Global Funding I vended off its 5-year senior notes worth $850 million in the 144A private placement market. The quantum of the notes...
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News Summary (UNM, KBH)
Friday, September 24, 2010 - 10:28am | 199The analysts at Wells Fargo Securities downgraded Unum Group (NYSE: UNM) from “outperform” to “market perform.” Wells Fargo said, "Since initiating coverage on Unum shares on Dec. 22, 2009, [they] have appreciated 14.2% versus appreciation in the S&P 500 of 1.5%." He added, "We believe further...
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Wells Fargo Downgrades UNM To Market Perform
Friday, September 24, 2010 - 6:57am | 41Analysts at Wells Fargo downgrade Unum Group (NYSE: UNM) from "outperform" to "market perform." UNM shares lost 1.35% to close at $21.90 yesterday. More Analyst Ratings here
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HIG Warrants Estimated at $706M - Analyst Blog
Thursday, September 23, 2010 - 9:52pm | 599Diluting its ownership in Hartford Financial Services Group Inc. (HIG) on Wednesday, the US Treasury auctioned 52.1 million 10-year warrants at a sale price of $13.70 per warrant, thereby raising $706.3 million in the process. These warrants carried a minimum bidding price of $10.50 per warrant....
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Morgan Stanley Sees Principal Financial Group Shares Falling Soon
Thursday, September 23, 2010 - 11:59am | 175Morgan Stanley believes the share price of Principal Financial Group (NYSE: PFG) will fall in absolute terms over the next 60 days. This is because the stock has traded up recently, making short term valuation much less compelling. Given the rebound in the valuation, with the stock currently...
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Is Aflac's Wild Summer Ride Over? (AFL)
Wednesday, September 22, 2010 - 2:07pm | 101I first wrote about Aflac Inc. (NYSE: AFL) on May 28, 2009, at a price of $36.07, and the insurer has seen its stock cycle in a wide range this summer. But those who have endured the roller-coaster should benefit. Here's why. Aflac's 2010 revenue will likely increase an impressive 8% to 11%,...
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Lobbying Charges Shrink for MetLife - Analyst Blog
Tuesday, September 21, 2010 - 6:33pm | 612MetLife Inc. (MET) has reported that it spent $1.40 million during the second quarter 2010 to address concerns related to financial regulations and other issues. The lobbying charges have plummeted for MetLife from $1.74 million in the year-ago quarter and $1.61 million during the first quarter of...
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Lincoln Acquires Treasury Warrants - Analyst Blog
Monday, September 20, 2010 - 5:03pm | 511Moving ahead with its debt restructuring initiatives, on Friday, Lincoln National Corp. (LNC) announced that it purchased warrants worth approximately $48.14 million in order to buy back its common stock. The warrants were acquired in an auction, conducted a day before, on behalf of the US...
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How To Initiate Long-Term Positions in a Volatile Market (MET, MSFT, GE)
Friday, September 17, 2010 - 3:50pm | 1072Whether you are a day trader, steelworker, rock star, or sales manager there has and always will be the need to construct a portfolio of longer-term holdings. This portfolio can be made up of mutual funds, ETFs, bonds, individual stocks, or any number of assets really. The fact of the matter is...
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Torchmark to Divest Subsidiary - Analyst Blog
Wednesday, September 15, 2010 - 4:03pm | 433Life and health insurer, Torchmark Corp. (TMK) announced that its subsidiary Liberty National Life Insurance will divest its wholly owned subsidiary, United Investors Life Insurance Co. to Protective Life Insurance Company. The buyer is a primary life subsidiary of Protective Life Corp. (PL). The...