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Doug Kass Buying Insurance Companies This Morning (LFC, ACE, XL)
Wednesday, February 10, 2010 - 11:53am | 278Hedge fund manager, Doug Kass, just tweeted that he is adding to his insurance long positions in China Life Insurance Company (NYSE: LFC), XL Capital (NYSE: XL), and ACE Limited (NYSE: ACE). On the day, China Life Insurance (LFC), is 0.36% higher to $63.83. China Life Insurance Company Limited is...
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LNC Posts Inline Results For Q4, 2010 And 2011 Outlook Remains Stable
Tuesday, February 9, 2010 - 2:57pm | 130Analysts at FBR Capital Markets maintain their "outperform" rating on Lincoln National Corporation (NYSE: LNC). The target price for LNC is set to $35. Lincoln National reported its Q4 EPS ahead of the estimates and the consensus, driven by improved operating margins across the company. LNC’s...
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Unusual Moves Likely (ADCT, KO, LNC, ERTS, HAR, SRX)
Tuesday, February 9, 2010 - 12:10pm | 200Bloomberg reports that the shares of six companies may show unusual trading movements. ADC Telecommunications (NASDAQ: ADCT) shares rose to $5.62 after the company announced that it had earned 10 cents per share in the first quarter, while analysts had only expected ADC to break even. Coca Cola (...
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Stock Market News for February 8, 2010 - Market News
Monday, February 8, 2010 - 9:56am | 482Amid growing worries about Europe’s ability to control its public finances and an anemic labor market, stocks posted their fourth straight weekly decline even as the U.S. unemployment rate showed a surprise drop in January. Although stocks managed to stage a late comeback on Friday, after a sharp...
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Principal Financial Group (PFG) To Do Less With More
Saturday, February 6, 2010 - 1:54am | 124Will Principal Financial Group Inc. (NYSE: PFG) actually earn less in the fourth quarter of 2009 than it did in 2008? Analysts think so. The company is expected to report an EPS of $0.65 when it reports last quarter's numbers after the market closes on Monday, February 8th - $0.04 less than the...
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Company News for February 5, 2010 - Corporate Summary
Friday, February 5, 2010 - 10:25am | 198• Air Products (NYSE:APD) announced plans to acquire Airgas (NYSE:ARG) for $60 per share, or $5.1 billion • Aetna (NYSE:AET) reported earnings of 40 cents, two cent off estimates of 42 cents, on revenues of $8.7 billion, slightly better than the $8.65 billion expected. Below-Street guidance was...
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Benzinga’s Top Upgrades (MET, WFR, MOT, TEN, HGG)
Friday, February 5, 2010 - 10:00am | 265MetLife, Inc. (NYSE: MET) was upgraded today by FBR Capital from Market Perform to Outperform and the price target increased to $46 from $43. MetLife is now trading at $35.39, 1.90% up in the pre-market session. MetLife closed at $34.73 in the previous trading session. In the last year, MET has...
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Lincoln National (LNC) Healing Up Faster Than Getting Credit For
Thursday, February 4, 2010 - 8:03pm | 120Lincoln National Corp. (NYSE: LNC) will post its prior quarter’s results after the market closes on Monday, February 8th. The life insurance company is expected to earn $0.83 per share, compared to a $0.48 per share loss seen in the same quarter a year earlier. Analysts foresee quarterly revenue...
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Aflac (AFL) Shares Rise Along With Its Profits
Tuesday, February 2, 2010 - 8:46pm | 102Aflac Inc. (NYSE: AFL) reported late Tuesday that its 4th quarter net income climbed to $251 million, or 53 cents per share, up from $197 million, or 42 cents per share during the same period a year earlier. When net realized investment gains and losses are included, Aflac earned $558 million, or $...
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Benzinga's After Hours Decliners (TSO, MET, JPM, ASCA)
Tuesday, February 2, 2010 - 8:16pm | 217Stocks that are trading lower in the after hours session, include Tesoro Petroleum (NYSE: TSO), MetLife (NYSE: MET), Alliance Data Systems (NYSE: ADS), and Ameristar Casinos (NASDAQ: ASCA). Tesoro (TSO) is 4.62% lower to $12.38 after reporting a wider than expected loss after the closing bell today...
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MetLife (MET) Profits Plummet 70% After $5 Billion In Investment Losses
Tuesday, February 2, 2010 - 8:12pm | 201MetLife, Inc. (NYSE: MET) announced late Tuesday that the company's profits plummeted 70% due to investment losses of over $5 billion dollars. MetLife's 4th quarter net income was $289 million, or 35 cents per share, down 70% from a year earlier when the company earned $954 million, or $1.20 per...
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MetLife Beats Analysts' Estimates (MET)
Tuesday, February 2, 2010 - 5:18pm | 74CNBC reported that MetLife (NYSE: MET) has beaten analysts' expectations, reporting earnings per share of $0.96 versus estimates of $0.95. Revenue came in at $13.3 billion. MetLife (MET) is the largest insurer in the S&P 500 with a market cap of $29.7 billion. In the after hours, the stock has...
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Two Metlife Insurance Ventures In China To Be Merged (MET)
Tuesday, February 2, 2010 - 10:43am | 148The Wall Street Journal reports that MetLife Inc. (NYSE: MET) is finalizing plans to merge the two JVs in life insurance that it has in China. The company hopes this will increase its market share in a market that is growing at a very fast pace. The company plans to have one of its partners,...
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Stock Market News for February 2, 2010 - Market News
Tuesday, February 2, 2010 - 10:26am | 503Stocks started a new month on a solid footing as encouraging economic data and a strong earnings report from Exxon Mobil bolstered investors’ appetite for riskier assets. Although Friday’s impressive GDP report had given some boost to wavering sentiments, it failed to stem the sell-off as...
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Delphi Financial Group (DFG) 2011 EPS Estimate Lowered by Barclays
Friday, January 22, 2010 - 3:45pm | 60Delphi Financial Group, Inc. (NYSE: DFG) won’t likely be as impressive in 2011 as first assumed. Barclays Capital had initially forecasted an EPS of $4.29 for 2011. Now that figure has been lowered to $3.75. Barclays also lowered the 2010 EPS forecast for Delphi Financial Group, Inc. from $3.92 to...