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Delphi Financial Announces $50 Million Share Repurchase Authorization
Thursday, August 4, 2011 - 7:44am | 80Delphi Financial Group, Inc. (NYSE: DFG) announced today that its Board of Directors has authorized repurchases of the Company's outstanding Class A common stock in a total amount of up to $50 million. These repurchases may be made from time to time on the open market or in privately negotiated...
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J.P. Morgan Maintains Overweight on Prudential Financial
Thursday, August 4, 2011 - 6:34am | 100J.P. Morgan is out with its report today on Prudential Financial (NYSE: PRU), maintaining Overweight. In its report, J.P. Morgan writes, "PRU reported strong 2Q11 results, highlighted by upside in EPS, robust international sales, and healthy flows in its U.S. accumulation businesses. Strong...
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Morgan Stanley Reiterates Overweight on Prudential Financial
Thursday, August 4, 2011 - 6:16am | 44Morgan Stanley reiterated its Overweight rating on Prudential Financial (NYSE: PRU). On Wednesday, PRU added 0.41% to its value to finish the day at $56.88. Its shares continued to climb in today's pre-market trading, rising 1.27% to stand around $57.60.
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J.P. Morgan Comments On Strong Results For Unum
Wednesday, August 3, 2011 - 7:27am | 104According to J.P. Morgan, Unum (NYSE: UNM) results were strong, marked by upside in EPS, stable U.S. margins, improving U.S. sales, and poor UK sales. J.P. Morgan said that its Neutral rating reflects a cautious view on near term growth but the long term outlook is bullish due to UNM's strong...
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Goldman Sachs Provides Color on Life Insurers
Wednesday, August 3, 2011 - 6:24am | 141Goldman Sachs provided color on life insurers. In a research report published today, the rating agency commented on Lincoln National (NYSE: LNC) and Unum's (NYSE: UNM) Q2 results, which it views as better than expected. In the report, Goldman states, “We view 2Q EPS results from Buy-rated LNC and...
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Lincoln National Rises on Q2 Earnings Beat
Tuesday, August 2, 2011 - 3:34pm | 182Shares of Lincoln National (NYSE: LNC) are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 2.16%, trading at $26.00; they ended the regular session lower by 3.23%, at $25.45. Lincoln National reported Q2 EPS of $1.09 on...
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JP Morgan Reiterates Underweight and PT of $31 on Principal Financial
Tuesday, August 2, 2011 - 7:38am | 43JP Morgan reiterated its Underweight rating on Principal Financial (NYSE: PFG). At the same time, the rating agency left its price target on the company's stock unchanged at $31. On Monday, PFG closed the day at $27.42.
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Bank of America Provides Color on Principal Financial
Tuesday, August 2, 2011 - 7:28am | 113Bank of America provided color on Principal Financial (NYSE: PFG). In a research report published today, Bank of America commented on the company's Q2 results. In the report, Bank of America states, “Principal reported 2Q11 operating EPS of $0.73 (vs. $0.59, up 24%), which was above our estimate...
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Bank of America Reiterates Neutral and PT of $49 on Torchmark
Tuesday, August 2, 2011 - 7:19am | 61Bank of America reiterated its Neutral rating on Torchmark (NYSE: TMK). At the same time, the rating agency left its price target on the company's stock unchanged at $49. On Tuesday, TMK lost 1.04% of its value to finish the day at $39.97. Its shares continued to slide in today's pre-market trading...
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Top 4 Small-Cap Stocks In The Accident & Health Insurance Industry With The Highest Cash
Tuesday, August 2, 2011 - 2:58am | 139Below are the top small-cap accident & health insurance stocks on the NYSE and the NASDAQ in terms of cash. CNO Financial Group Inc (NYSE: CNO) had $830.80 million in total cash and $2.51 billion in total debt for the latest quarter. StanCorp Financial Group Inc (NYSE: SFG) had $111.10...
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Citi Reiterates Buy on MetLife
Monday, August 1, 2011 - 6:35am | 109Citi is out with its report today on MetLife (NYSE: MET), reiterating Buy. In a note to clients, Citi writes, "We rate the shares of MetLife as Buy/Medium Risk (1M). The company possesses the strongest long-term growth potential of any U.S. life insurer owing to its leading market positions,...
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Earnings Expectations for the Week of August 1
Sunday, July 31, 2011 - 9:02am | 1197Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...
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Earnings Preview: Prudential's Revenue Expected to Fall from Previous Quarter
Friday, July 29, 2011 - 3:21pm | 573Prudential Financial (NYSE: PRU) releases its next round of earnings this Wednesday, August 3, 2011. Here's Benzinga's essential guide to Prudential Financial's second quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $1.55 per share and revenues of $9.62 billion....
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Doug Kass Likes Insurers
Friday, July 29, 2011 - 12:50pm | 85Doug Kass tweeted a link to his article on insurance stocks and his reasoning for liking them. Kass likes names such as MetLife (NYSE: MET), Lincoln National (NYSE: LNC) and Prudential (NYSE: PRU). The article was posted in Barron's, and can be read here.
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J.P. Morgan Increases EPS Estimates Of MetLife
Friday, July 29, 2011 - 8:17am | 52According to J.P. Morgan, MetLife (NYSE: MET), EPS estimates are increased. J.P. Morgan announced an increase in their EPS estimates from $5.06 to $5.25 for FY11 and from $5.62 to $5.74 for FY12. PT is maintained at $50 and Overweight rating is reiterated. MetLife closed yesterday at $39.81.