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Prudential Gains on Higher Revs - Analyst Blog
Thursday, August 5, 2010 - 3:40pm | 387Life insurer Prudential Financial Inc.’s (PRU) second quarter operating income of $1.51 per share was ahead of the Zacks Consensus Estimate of $1.31. Earnings were, however, down from $1.87 per share in the year-ago quarter. Results for the quarter benefited from strong annuity sales, higher...
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Unum’s Q2 Results Reflected Disciplined Underwriting
Thursday, August 5, 2010 - 2:58pm | 180Analysts at Deutsche Bank maintain their "buy" rating on Unum (NYSE: UNM), while raising their estimates for the company. The target price for UNM has been raised from $30 to $31. Unum reported its Q2 operating EPS ahead of the estimates and the consensus. According to Deutsche Bank, “A legal...
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Citi Maintains Hold Rating On Prudential Following Earnings (PRU)
Thursday, August 5, 2010 - 1:32pm | 109Citigroup (NYSE: C) analysts released a report today on Prudential (NYSE: PRU) following the company's earnings yesterday after the closing bell. They wrote, "Following our initial review of 2Q10 results, there is no change to our Hold investment rating and $62 price target on the shares of PRU....
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Prudential Tops Estimates
Wednesday, August 4, 2010 - 5:51pm | 26Prudential (NYSE: PRU) reports Q2 EPS $1.51 vs Street view of $1.32. Prudential reports Q2 revenue $8.74 billion consensus of $7.28 billion.
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Prudential Financial Posts Strong Earnings Beat (PRU)
Wednesday, August 4, 2010 - 4:32pm | 221Prudential Financial, Inc. (NYSE: PRU) reports Q2 earnings of $1.51 versus estimates of $1.32. Prudential Financial, Inc. reports Q2 revenues of $8.74 billion versus estimates of $7.28 billion. Revenues increased 38.7% year over year. "Our businesses performed well in the second quarter, and our...
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Prudential Exceeds Estimates, Stock Rising After Hours (PRU)
Wednesday, August 4, 2010 - 4:26pm | 229Shares of Prudential Financial (NYSE: PRU) are rising in after hours trading after the company reported EPS of $1.51 versus analysts' estimates of $1.32. Revenues from the financial services business were $8.744 billion compared to Wall Street expectations of $7.28 billion. In the after hours...
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Unum Beats by 2 Cents - Analyst Blog
Wednesday, August 4, 2010 - 3:31pm | 619Unum Group’s (UNM) second quarter operating earnings came in at 69 cents per share, a couple of pennies ahead of the Zacks Consensus Estimate. The company earned 65 cents in the year-ago quarter. Earnings benefited primarily from improved performance in Unum U.S. , Colonial Life and Individual...
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JPMorgan Slashes Unum Price Target
Wednesday, August 4, 2010 - 12:13pm | 104JPMorgan reduced the price target for Unum Group (NYSE: UNM) from $27.00 to $26.00 and maintained a Neutral rating. JPMorgan analysts considers Unum Group stock to be among the most defensive stocks in the life group. The firm believes that deployment of excess capital for share repurchases should...
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Citigroup Set to Put Online Bank on Auction Block (C)
Wednesday, August 4, 2010 - 11:20am | 168Citigroup (NYSE: C) is set to put its British online bank, Egg, up for auction as part of a plan to dispose of billions of dollars in unwanted assets, the Financial Times said on Wednesday. Citing people close to the situation, the newspaper said Citigroup had been holding informal talks with...
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Insurance Industry Stock Update - Aug. 2010 - Industry Outlook
Wednesday, August 4, 2010 - 10:30am | 1804After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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Insurance Industry Stock Update - Aug. 2010 - Zacks Analyst Interviews
Wednesday, August 4, 2010 - 10:30am | 1804After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...
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Zacks Industry Outlook Highlights: American International Group, Universal American, Unitrin, AFLAC, Employers Holdings - Press Releases
Wednesday, August 4, 2010 - 10:25am | 1112For Immediate Release Chicago, IL – August 04, 2010 – Today, Zacks Equity Research discusses the Insurance industry, including American International Group (AIG), Universal American Corp. (UAM), Unitrin Inc. (UTR), AFLAC Inc. (AFL) and Employers Holdings Inc. (EIG ). A synopsis of today’s Industry...
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J.P. Morgan Reiterates Neutral on CNO Financial (CNO)
Wednesday, August 4, 2010 - 9:27am | 173J.P. Morgan is out with a research report this morning, where it reiterates its Neutral rating on CNO Financial Group (NYSE: CNO); it did not provide a price target on the stock. The JPM analysts cited the company’s recent earnings release, which was “solid.” EPS came in to the upside along with...
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Principal Financial Lags - Analyst Blog
Tuesday, August 3, 2010 - 5:34pm | 591Principal Financial Group Inc. (PFG) reported second quarter operating earnings of 63 cents per share, lagging the Zacks Consensus Estimate by 3 cents. This also fell short of operating earnings of 69 cents reported in the prior-year quarter. Operating earnings were $203.5 million compared with $...
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Insurance Industry Stock Update - Aug. 2010 - Industry Outlook
Tuesday, August 3, 2010 - 1:49pm | 1895After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the worst of the crisis...