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CNO Financial Group Update on Share Repurchase Program
Monday, August 29, 2011 - 3:02pm | 98CNO Financial Group, Inc. (NYSE: CNO) today announced that through August 26, 2011, it had repurchased 3,684,800 shares of its common stock in the third quarter for an aggregate purchase price of $22.9 million under its $100 million share repurchase program. The shares were repurchased at an...
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Insurers Jump As Hurricane Irene Damages Not As Bad As Expected
Monday, August 29, 2011 - 10:27am | 251According to Kinetic Analysis Corp., Hurricane Irene's estimated cost to insurers is about $2.6 billion, which is significantly below last week's projections which estimated the cost could be as much as $14 billion. “Insurers may get off pretty easy,” Charles Watson, Kinetic's research and...
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Notable Put Options Activity in China Life Insurance
Monday, August 29, 2011 - 10:25am | 136Shares of China Life Insurance (NYSE: LFC) are lower on the session by 4.22%, currently trading at $36.06. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Stocks Hitting 52-Week Lows
Monday, August 29, 2011 - 9:23am | 130Fluidigm Corporation (NASDAQ: FLDM) shares dropped 5.77% to create a new 52-week low of $11.75. FLDM's trailing-twelve-month profit margin is -55.08%. Colony Bankcorp Inc (NASDAQ: CBAN) shares fell 9.70% to create a new 52-week low of $2.42. CBAN shares have dropped 53.63% over the past 52 weeks,...
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Morgan Stanley Overweight On Prudential Financial
Thursday, August 25, 2011 - 7:18am | 154Morgan Stanley is out with a research report on Prudential Financial (NYSE: PRU) and it has an Overweight rating and a $67 price target on shares. In a note to clients, Morgan Stanley writes, "Prudential remains one of our highest conviction ideas with the current valuation presenting what we...
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Morgan Stanley Lowers PT On Prudential Financial To $67
Thursday, August 25, 2011 - 5:24am | 27Morgan Stanley has lowered the price target on Prudential Financial (NYSE: PRU) from $74 to $67 and maintains its Overweight rating.
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W Formation Wednesday – Waiting on the Fed
Wednesday, August 24, 2011 - 7:19am | 563We are forming right up into that "W" pattern we expected. Can it really be this easy? Just a little dip into the Fed's Jackson Hole conference on Friday and then Uncle Ben says the magic words and we're back off to the races despite the concerns about – well, EVERYTHING… Indexes in Asia are NOT...
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Notable Put Options Activity in Principal Financial Group
Tuesday, August 23, 2011 - 9:44am | 91Shares of Principal Financial Group (NYSE: PFG) are higher on the session by 2.22%, currently trading at $22.56. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while...
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China Life's Board Approved Subordinated Term Debts Issue
Tuesday, August 23, 2011 - 8:55am | 108China Life Insurance Company Limited (NYSE: LFC) announced today that the board of directors of the Company has approved the proposal to issue subordinated term debts with an aggregate amount of not exceeding RMB 30 billion by the Company. The subordinated term debts will be issued to qualified...
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Top 4 Large-Cap Stocks In The Life Insurance Industry With The Highest Dividend Yield
Tuesday, August 23, 2011 - 3:10am | 120Below are the top large-cap life insurance stocks on the NYSE and the NASDAQ in terms of dividend yield. Aviva plc (NYSE: AV) has a dividend yield of 6.20%. AV's shares closed at $10.54 yesterday. Sun Life Financial Inc (NYSE: SLF) has a dividend yield of 5.70%. SLF's shares closed at $25.05...
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Wunderlich Securities Drops Coverage of the Insurance Sector
Monday, August 22, 2011 - 5:08pm | 190Wunderlich Securities dropped its coverage of the insurance sector in a research report published today. The companies dropped by Wunderlich Securities are Amerisafe (NASDAQ: AMSF), AmTrust Financial Services (NASDAQ: AFSI), Aspen Insurance (NYSE: AHL), AXIS Capital Holdings (NYSE: AXS), Delphi...
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UPDATE: Citi Lowers Price Target On Lincoln National To $23
Monday, August 22, 2011 - 6:47am | 89According to Citi, Lincoln National (NYSE: LNC) price target is lowered to $23. Citi said that it reiterates its Hold (2H) rating on the shares of LNC but have lowered the target price to $23 and downwardly revised the 20011E-13E to $4.00, $4.00 and $4.40. “As one of the largest writers of both...
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Citigroup Lowers PT On Lincoln National To $23
Monday, August 22, 2011 - 5:38am | 26Citigroup has lowered the price target on Lincoln National (NYSE: LNC) from $31 to $23 and maintains its Hold rating.
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MICROCAPITAL BRIEF: Microfinance Centre (MFC) for Central and Eastern Europe and the New Independent States' "Financial Education Program" Reaches 100,000 Low-Income Households in Eastern Europe, Central Asia
Thursday, August 18, 2011 - 4:07pm | 148The Microfinance Centre (MFC) for Central and Eastern Europe and the New Independent States, a regional network of 110 microfinance institutions (MFIs), announced its Financial Education Program (FEP) has reached 100,000 low-income households. FEP is focused on “improving the financial...
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Notable Put Options Activity in Principal Financial Group
Thursday, August 18, 2011 - 11:35am | 91Shares of Principal Financial Group (NYSE: PFG) are lower on the session by 4.29%, currently trading at $22.77. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while...