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Barron's Pick: Aflac Up 3.64%
Tuesday, August 3, 2010 - 1:20pm | 82Barron's Bullish pick AFLAC Incorporated (NYSE: AFL) remained unchanged in after hours trading yesterday. It is currently trading at $50.99, up by 3.64% on a volume of 4,503,936 shares. The average volume of shares traded per day is at 5.13 million. The 52- week trading range is 37.74 - 56.56....
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Wells Fargo Lowering Earnings Estimates (CWT, EGN, HK, SM, PFG, DVA, HLS, VVUS, SNH)
Tuesday, August 3, 2010 - 9:04am | 151Wells Fargo Securities is lowering its earnings outlook on a variety of different companies following quarterly results and guidance provided by the various companies. In the report Wells Fargo Securities is lowering its earnings estimates on California Water Service (NYSE: CWT), Energen Corp. (...
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J.P. Morgan Maintains Underweight Rating On PFG
Tuesday, August 3, 2010 - 8:56am | 81Analysts at J.P. Morgan reiterated their Underweight rating on shares of Principal Financial Group (PFG) after the company reported earnings slightly below expectations. J.P. Morgan will also keep the price target of $27.00 the same, noting that "We project 401(k) sales/flows to remain weak...
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Principal Financial Group, Inc. Reports Second Quarter Results
Monday, August 2, 2010 - 4:07pm | 110Principal Financial Group, Inc. (NYSE: PFG) today announced results for second quarter 2010. The company reported net income available to common stockholders of $134.0 million, or $0.42 per diluted share for the three months ended June 30, 2010, compared to $150.3 million, or $0.52 per diluted...
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Principal Financial Group’s Earnings Light on Revs and EPS (PFG)
Monday, August 2, 2010 - 4:06pm | 169Principal Financial Group, Inc. (NYSE: PFG) reports Q2 earnings of $0.63 versus estimates of $0.66. Principal Financial Group, Inc. reports Q2 revenues of $2.23 billion versus estimates of $2.38 billion. The company also said that assets under management were $284.7 billion as of June 30, 2010, an...
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Company News for August 2, 2010 - Corporate Summary
Monday, August 2, 2010 - 10:22am | 735• Humana (NYSE: HUM) posted second quarter earnings of $2.00, versus Zacks estimates of $1.63, on revenues of $8.65 billion, versus Zacks estimates of $8.58 billion. The company provided full-year guidance of $5.65-$5.75 • NRG Energy (NYSE: NRG) topped estimates with second quarter earnings of 81...
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Keefe, Bruyette, & Woods Reiterates Outperform on Torchmark Corp. (TMK)
Monday, August 2, 2010 - 9:55am | 128Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Outperform rating on Torchmark Corp. (NYSE: TMK); it has a $67.00 price target on the stock, up from $65.00. The KBW analysts said that the company’s recent earnings report left them “incrementally...
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Lincoln Beats, Growth Across Board - Analyst Blog
Friday, July 30, 2010 - 2:00pm | 946Lincoln National Corporation’s (LNC) second quarter operating earnings per share of 86 cents came in way ahead of the Zacks Consensus Estimate of 76 cents and 79 cents recorded in the prior-year quarter. Results reflected growth in average account values that drove asset-based revenue and included...
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Benzinga's After Hours Gainers (CQB, SUN, MAS, MET)
Thursday, July 29, 2010 - 7:13pm | 201Among the notable stocks that are moving higher in the after hours trading session are Chiquita Brands International (NYSE: CQB), Sunoco (NYSE: SUN), Masco (NYSE: MAS), and MetLife (NYSE: MET). Chiquita (CQB) reported a blowout quarter after the close on Thursday. The company said that earnings...
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Earnings Peer Pressure 07-29-2010
Thursday, July 29, 2010 - 7:00pm | 809Cusick’s Corner With no leadership, XLF & SMH down, plus the Euro currency stuck in the mud, the market had really no catalyst to help any upside advance into the After Hours. Commodities, DBA (ETF w/ Corn, Soybeans, Wheat, and Sugar) continue to move to the upside, and while this could be...
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Metlife Beats On Bottom Line, Misses Badly On Top Line Revenue Growth (MET)
Thursday, July 29, 2010 - 4:13pm | 30MetLife, Inc. (NYSE: MET) reports Q2 earnings of $1.23 versus estimates of $1.00. MetLife, Inc. reports Q2 revenues of $12.82 billion versus estimates of $13.05 billion.
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MetLife Announces Second Quarter Results
Thursday, July 29, 2010 - 4:10pm | 49MetLife, Inc. (NYSE: MET) today reported second quarter 2010 net income of $1.5 billion, or $1.84 per share. Net income reflects net investment gains of $767 million, after tax, including gains on derivatives. Operating earnings(2) for the second quarter of 2010 were $1.0 billion, or $1.23 per...
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Resurgence of Bear in Oil 07-29-2010
Thursday, July 29, 2010 - 2:55pm | 822Cusick’s Corner All major indices are running into resistance (as noted in the last two Corners), while Finance, XLF, and Semis, SMH, are both pulling back and have been lagging the market over the last few weeks. Both these segments need to breakout, specifically above the June and July highs if...
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Wunderlich Securities Has $31 Target On Delphi Financial (DFG)
Thursday, July 29, 2010 - 1:13pm | 156Wunderlich Securities wrote a research report this morning on Delphi Financial (NYSE: DFG) and was impressed with the earnings report. As a result, Wunderlich is reiterating its $31 price target and Buy rating. In the report, Wunderlich writes, "...Delphi Financial Group (DFG) announced operating...
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JP Morgan Reiterates Overweight Rating On TMK
Thursday, July 29, 2010 - 11:04am | 67Analysts at J.P. Morgan reiterated their Overweight rating on shares of Torchmark Corp (TMK), after reporting strong earnings. Also in the report, J.P. Morgan kept their $60 price target intact, noting that "sales were weak and recruiting trends were lackluster." Torchmark Corporation, through its...