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Delphi Calls for Notes Redemption - Analyst Blog
Thursday, August 12, 2010 - 10:07am | 413Earlier during the week, Delphi Financial Group Inc. (DFG), a provider of integrated employee benefit services, announced the redemption of $50.0 million in 8.00% senior notes due 2033. The redemption date is set for September 21, 2010. The outstanding principal amount of the notes would be $68.8...
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Aflac Ups Dividend, Resumes Buyback - Analyst Blog
Thursday, August 12, 2010 - 10:07am | 627After a satisfactory performance in the second quarter, Aflac Inc. (AFL) further enhanced its value by declaring a 7.1% hike in its dividend and by recommencing its share repurchase program that was shelved in 2008. Aflac’s business operations had got a hard thrashing by the financial crisis that...
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StanCorp Financial Group (SFG) - Bear of the Day
Thursday, August 12, 2010 - 6:47am | 213We are downgrading StanCorp Financial (SFG) to Underperform from Neutral as we suspect organic growth will remain restricted in the near term, given the sluggish economic environment and challenging labor market conditions. Additionally, delinquencies on commercial mortgage loans are expected to...
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Keefe, Bruyette, & Woods Reiterates Market Perform on FBL Financial Group (FFG)
Wednesday, August 11, 2010 - 10:07am | 140Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Market Perform rating on FBL Financial Group Inc. (NYSE: FFG); it has a $25.00 price target on the stock. The KBW analysts cited that company’s recent earnings report, which was well ahead of their...
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TheStreet Ratings 10 Cheapest Large-Cap Stocks
Wednesday, August 11, 2010 - 7:16am | 447BOSTON (TheStreet) -- Investors wary of a soft patch in the economy have piled into government debt, whose yields are slim. The following 10 stocks, the cheapest on the S&P 500, sell for less than seven times earnings, reflecting a deep discount. They're ordered by forward earnings multiple,...
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Top 4 Stocks In The Life Insurance Industry With The Highest Free Cash Flow (PL, TMK, FFG, PNX)
Wednesday, August 11, 2010 - 6:00am | 151Below are the top life insurance stocks on the NYSE and the NASDAQ in terms of free cash flow. The trailing-twelve-month free cash flow at Protective Life Corporation (NYSE: PL) is $884.5 million. Analysts at UBS upgraded PL from “neutral” to “buy.” The trailing-twelve-month free cash flow at...
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Profit Drops at Allianz Group - Analyst Blog
Monday, August 9, 2010 - 5:52pm | 815The leading German property-casualty and life insurer, Allianz Group reported its second quarter 2010 earnings of $2.91 (€2.21) per share, a substantial decrease of 47% from $5.44 (€4.13) reported in second quarter 2009. Net income to shareholders totaled $1.33 (€1.01) billion, down 45.6% from $2....
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Delphi Raises Dividend - Analyst Blog
Monday, August 9, 2010 - 5:52pm | 514Employee benefits provider Delphi Financial Group Inc. (DFG) yesterday announced a single cent increase in quarterly dividend to 11 cents from 10 cents paid in the second quarter of 2010. This hike represents a 10% increase from the previous dividend. With the increased annual dividend of 44 cents...
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Manulife Financial's Profit Dips - Analyst Blog
Monday, August 9, 2010 - 3:18pm | 691Manulife Financial Corporation (MFC) reported second-quarter 2010 adjusted operating earnings of 37 cents, lower than 48 cents reported in the prior-year quarter. Adjusted operating earnings were $643 (C$658) million, lower than $759 (C$776) million in second-quarter 2009. Adjusted operating...
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Bearish MACD for Lincoln National - Tale of the Tape
Monday, August 9, 2010 - 7:35am | 112Lincoln National Corp.’s (LNC) MACD indicator has moved into bearish territory with a reading of -0.0457. The Zacks #5 Rank (“Strong Sell”) declined more than 3% to $24.17 in afternoon trade. The Zacks Consensus Estimate on the company’s earnings for 2010 has reduced by 7 cents over the past 2...
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Stocks Slump But Recover Some Losses 08-06-2010
Friday, August 6, 2010 - 7:22pm | 859Cusick’s Corner The S&P 500 found support above 1100 after this morning’s disappointing jobs report, recovering much of today’s losses due to short covering. This market drop shifted some of today’s trade into Gold and Treasurys -- Gold (GCU10) rose above the psychological $1,200 level and the...
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Victory?? AIG In Talks For Complete Government Exit (AIG)
Friday, August 6, 2010 - 10:26am | 204Embattled insurance giant AIG (NYSE: AIG) is in talks for a complete exit from government ownership CEO Robert Benmosche told employees in a memo according to Bloomberg. In a memo obtained by Bloomberg, Benmosche said to employees, “We have commenced discussions with the U.S. government on the...
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CNO Financial Beats, Top-line Grows - Analyst Blog
Friday, August 6, 2010 - 9:49am | 738CNO Financial Group, Inc. (CNO) reported its second-quarter income from continuing operations of $44.9 million or 16 cents per share, well ahead of the Zacks Consensus Estimate of 14 cents. This also compares favorably with income of $40.8 million or 22 cents in the year-ago quarter. The improved...
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Zacks Analyst Blog Highlights: Viacom, News Corporation, Prudential Financial, Kinross Gold Corporation and STMicroelectronics NV - Press Releases
Friday, August 6, 2010 - 9:49am | 1762For Immediate Release Chicago, IL – August 06, 2010 – Zacks.com Analyst Blog features: Viacom Inc. (VIA.B), News Corporation (NWSA), Prudential Financial Inc. (PRU), Kinross Gold Corporation (KGC) and STMicroelectronics NV (STM ). Here are highlights from Thursday’s Analyst Blog: Viacom Nets Soars...
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FBL Financial Group Reports Second Quarter Results (FFG)
Thursday, August 5, 2010 - 4:51pm | 87FBL Financial Group, Inc. (NYSE: FFG) today reported net income attributable to FBL for the second quarter of 2010 of $22.3 million, or $0.73 per diluted common share, compared to net income attributable to FBL of $24.4 million, or $0.81 per diluted common share, for the second quarter of 2009....