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Top 5 Mid-Cap Stocks In The Financial Sector With The Highest Revenue Estimates (AIG, GNW, UNM, LNC, PFG)
Thursday, January 21, 2010 - 7:16am | 263Below are the top 5 mid-cap financial stocks on the NASDAQ and the NYSE in terms of revenue estimates. The 2009 revenue estimate for American International Group Inc (NYSE: AIG) is $94.03 billion. AIG’s market capitalization is $3.76 billion. AIG’s shares have slipped 3.59% over the past 52 weeks,...
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Berkshire Hathaway Subsidiary Settles With SEC
Wednesday, January 20, 2010 - 7:44pm | 160According to the Securities and Exchange Commission, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) reinsurer General Re has agreed to pay nearly $100 million to settle several charges and a lawsuit related to the company's involvement in accounting frauds by American International Group (NYSE: AIG...
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PUK Added To Pan Europe Conviction Buy List
Wednesday, January 20, 2010 - 1:57pm | 66Goldman Sachs upgraded Prudential Plc (NYSE: PUK) from “neutral” to “buy.” Goldman has included PUK in its Pan Europe Conviction Buy list. While PUK’s shares have lost 0.05% over the past one month, they have gained 0.05% over the previous week. PUK is trading at 13.32 times its forward P/E....
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Metlife (MET) To Acquire Alico (ALCO) For $15 Billion
Wednesday, January 20, 2010 - 1:47pm | 106According to the Wall Street Journal, Metlife Inc. (NYSE: MET) is in final discussions to acquire Alico Inc. (NASDAQ: ALCO) for $14 billion to $15 billion. Credit Suisse views the deal as a good strategic fit for Metlife and over time should help put an upward bias on its valuation multiple owing...
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Distribution Alert: Tuesday's High-Volume Selloffs
Tuesday, January 19, 2010 - 6:12pm | 176Losers were few and far between on Tuesday, so to see a loser falling on heavy volume is particularly concerning. Not that it was the proverbial nail in the coffin for any of these names, but Fastenal Company (Nasdaq: FAST), Community Health Systems, Inc. (NYSE: CYH), Blackboard Inc. (Nasdaq: BBBB...
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Benzinga's Top ETF Decliners (FXP, DRV, VXX, EDZ)
Tuesday, January 19, 2010 - 2:02pm | 170ProShares UltraShort FTSE/Xinhua China 25 (NYSE: FXP) is struggling today as companies like China Mobile Ltd. (ADR) (NYSE: CHL) and China Life Insurance Company Ltd. (ADR) (NYSE: LFC) are doing well. FXP fell more than 5%, while LFC and CHL added 1.89% and 1.14% respectively. Direxion Daily Real...
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Prudential (PUK) Bids Sayonara To Japan
Friday, January 15, 2010 - 9:06am | 134UK insurer Prudential (NYSE: PUK) has announced that it plans to exit Japan after an eight-year stint in the country, citing fierce competition and the adverse economic conditions. Prudential will not be making any new sales, but will continue to fulfill obligations to existing customers in Japan....
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Taiwan Life Insurance Co. Ltd. Submits Bid For MetLife Inc.’s (MET) Taiwan Unit
Wednesday, January 13, 2010 - 7:47pm | 147The Commercial Times has reported, citing unidentified sources, that Taiwan Life Insurance Co. Ltd. has submitted a bid for MetLife Inc.’s (NYSE: MET) Taiwan unit. The reported move by Taiwan Life comes after Waterland Financial Holdings Co. and Hontai Life submitted bids to acquire MetLife’s...
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Aflac Upgraded At Barclays (AFL)
Tuesday, January 12, 2010 - 4:07pm | 149Shares of Aflac Incorporated (NYSE: AFL) have been upgraded at Barclays Capital. The bank also boosted Aflac's (AFL) target price from $30 to $52. The stock had long since outpaced Barclay's original target, so this upgrade may be based on the price action in Aflac shares more so than fundamental...
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Hanwha In Race For Prudential’s South Korean Assets (PRU)
Tuesday, January 12, 2010 - 2:13pm | 111According to Reuters, Hanwha has confirmed that it would be bidding for Prudential’s (NYSE: PRU) South Korean funds and brokerage units. The deal is expected to be estimated at $900 million and could pressure other struggling foreign financial firms to exit from their forays in the South Korean...
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HIG Triggers Rally In Insurers (LNC, PFG, PRU, MET, GNW, ALL, AON, TMK, TRV, AIG)
Tuesday, January 12, 2010 - 2:04pm | 174Following a strong preannouncement by Hartford Financial Services Group Inc (NYSE: HIG) for its latest quarter, several insurance companies opened higher this morning. Lincoln National Corp (NYSE: LNC) shares gained 1.90% to $27.91, while those of Principal Financial Group Inc (NYSE: PFG) rose 0.58...
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An Entry To China's Financial System, Kind Of (CHIX)
Tuesday, January 12, 2010 - 5:01am | 218China's financial system is nothing if not opaque and many of the country's financial companies are off limits to foreign investors. That's something Beijing may want to consider changing if Shanghai is going to rise to the level of New York, London and Tokyo on the world financial stage, but for...
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Bliss World Sale Completed; Ashford Hospitality Trust Raises $19.74 mn (STNR, HOT, AHT, MET)
Tuesday, January 5, 2010 - 12:36pm | 123Steiner Leisure Ltd. (NYSE: STNR) has purchased the Bliss World Unit from Starwood Hotels & Resorts Worldwide (NYSE: HOT) for $100 million as previously announced on November 2, 2009. The Bliss and Remede spas will remain exclusive to W Hotels and St. Regis Hotels. Ashford Hospitality Trust (...
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Legg Mason's Bill Miller Makes A Comeback (LM)
Wednesday, December 30, 2009 - 5:20pm | 268For 15 straight years, Bill Miller could do no wrong. During that time period, Miller's Legg Mason Capital Management Value Trust beat the S&P 500 index every single year, a feat which brought Miller considerable notoriety. Starting in 2005, however, Miller's golden touch began to lose its...
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Zacks Analyst Blog Highlights: AstraZeneca, Pfizer, Mylan Laboratories, Novartis and Boston Scientific Corp. - Press Releases
Tuesday, December 29, 2009 - 8:00am | 1203For Immediate Release Chicago, IL – December 29, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include:...