Multi-line Insurance

Securities Investor Protection Act (SIPA) Trustee Irving Picard speaks as Manhattan U.S. Attorney Preet Bharara (L) looks on during a news conference in New York, annou... Go to http://SwingTradingDaily.com for full article, videos and real-time updates.

Here are today's Put/Call Ratio leaders… 1. Alere Inc. (NYSE: ALR) 2,790 puts, 126 calls 2. Genworth Financial Inc. (NYSE: GNW) 3,183 puts, 252 calls 3. Cemex (NYSE: CX) 3,156 puts, 279 calls 4. PNC Financial Services Group (NYSE: PNC) 16,575 puts, 1,555 calls 5. Zions Bancorporation (NASDAQ: ZION...

Bank of America Merrill Lynch is reiterating its Buy rating and a $50 price target on shares of Assurant Inc. (NYSE: AIZ) after it announced a deal to acquire SuerDeposit for under $50 million. In a note to clients, Bank of America Merrill Lynch writes, "We are reiterating our Buy rating and $50...

Assurant, Inc. (NYSE: AIZ) announced today that it has purchased SureDeposit, the leading provider of security deposit alternatives to the multifamily renters industry, in an all-cash transaction from Converge Services Group, LLC. "Assurant targets acquisition opportunities which enhance our...

According to Bank Of America, American International (NYSE: AIG) values its stake in Maiden Lane III at over $7 billion, providing estimated annual revenue of over $600M. Bank Of America said that the Federal Reserve reported a June 8th, Maiden Lane II net portfolio value of $12.5B, however the...

In a “published study on the adequacy of the non-life insurance industry's loss reserves, Aon Benfield (a reinsurance intermediary and capital advisor) broke out a view on American International Group's (NYSE: AIG) loss reserves as of 12/31/10 using adjusted Schedule P data,” Bank of America...

NeoStem (NYSE: NBS) today announced steps forward in their partnership designed to advance adult stem cell research. In a press conference at the Vatican, Cardinal Gianfranco Ravasi, President of the Pontifical Council for Culture, Dr. Robin L. Smith, Chairman and CEO of NeoStem, and Reverend...

The following stocks hit new 52-week highs in Wednesday's trading session 1) Ulta Salon, Cosmetics & Fragrances (NASDAQ: ULTA): Shares of Ulta hit a 52-week high of $59.40 in Wednesday's trading session. The stock closed at $57.03. The year-to-date performance of Ulta has been a gain of 67.7...

Cusick's Corner On the surface the catalyst of this latest pullback is Greece. But the reality is that it's a larger mix of a strong Dollar, weak Euro with potential contraction of economic growth and a bad CPI that are the true catalysts. While I am surprised about the strength of the push to...

The Financial Sector is the weakest area of today's market, currently down 2% on the session. The weakest stocks currently in the S&P Financial Sector are: 1) Hartford Financial Services (NYSE: HIG): Shares of Hartford Financial Services are currently trading down 4.8% from yesterday's close...

According to Deutsche Bank, Genworth Financial (NYSE: GNW) announced that it will sell its Medicare supplement business to Aetna Inc. for $290 mm. Deutsche Bank said that the transaction is expected to close in 4Q'11. “This business produced $13 mm of operating income in 2010 and had book value of...

Life Tech Capital reiterated its Strong Buy rating on NeoStem (NYSE: NBS). At the same time, Life Tech left its price target on the company's stock unchanged at $4. In a research report published today, Life Tech states, "While R&D efforts are ongoing in the U.S., especially with their bone...

Citi is reiterating its 3H rating and $13 PT on shares of Genworth Financial (NYSE: GNW). “There is no change to our 2011E-13E of $1.00, $1.40 and $1.90, respectively following GNW's announcement of sale of its Medicare supplemental business to Aetna,” Citi writes. “While the deal is a step in the...

The Financial Sector is one of the strongest areas of the market in today's trading session, currently 0.46% higher on the day. The best performing stocks in the S&P 500 Financial Sector currently are: 1) Citigroup (NYSE: C): Shares of Citigroup are currently trading up 1.9% from Friday's...

Genworth Financial, Inc. (NYSE: GNW) announces it has reached an agreement to sell its Medicare supplement business and related blocks of in-force business to Aetna Inc. for $290 million. Genworth expects the total capital resulting from this transaction within its life insurance companies that...