Multi-line Insurance

Today the market is essentially unchanged, but has been swinging back and forth from the green to the red. Hot sectors for today’s trading session include: Financials – - American international Group (NYSE: AIG) up 8.62% - Amtrust Financial (NASDAQ: AFSI) up 5.92% - National Bank of Greece (NYSE...

While I exited out of what was left of the position a few weeks ago, Priceline.com (PCLN) continues to impress; another stellar earnings report last night and the stock was up another 5-7% in after hours.  This appears to be a very well run company, in the right niche, with a global footprint who (...

According to a report by the Wall Street Journal, the sale of a large foreign life-insurance unit, which is worth $15 billion, of American International Group, Inc. (NYSE: AIG) to MetLife, Inc. (NYSE MET) is held up by a tax dispute. The AIG-MetLife deal has been viewed as one of the major steps...

Analysts at Credit Suisse maintain their "neutral" rating on Hartford Financial Services (NYSE: HIG). The target price for HIG is set to $29. Hartford Financial Services has named Christopher Swift as CFO, effective March 1. Swift joins HIG from ALICO, which is the Japan, Latin America and EMEA...

According to a report by the Financial Times, Goldman Sachs (NYSE: GS) is one of seven banks that has been selected as a book runner for the initial public offering of AIA, AIG’s (NYSE: AIG) Asian life insurance division, in spite of the political controversy over Goldman’s actions during the...

American International Group (NYSE: AIG) is trading up 2.34% to $27.55 this morning. This comes on the heels on a spike higher from $22 to $27 in the past two days. Volatility in the name has thus begun to pump up, rebounding off of a 12 month low of 47%. Historical vol is currently at 64% with...

American International Group, Inc. (NYSE: AIG) is rolling out a plan to revamp how it doles out annual incentive pay to its employees. The new initiative, called a "forced distribution" system, is being pushed by Chief Executive Robert Benmosche. Under the plan, thousands of AIG employees will be...

National Bank released a research report this morning in which they said that they are bracing for a rough patch in shares of Loblaw Companies (TSE:L), but that long term upside remains in-tact. Loblaw (L) trades on the Toronto Stock Exchange. National Bank has a $42.00 target price on the shares...

Hartford Financial Services Group (NYSE: HIG) announced a net profit of $557 million, signaling that the insurer may be on the road to recovery after massive losses forced it to accept $3.4 billion of bailout money earlier. Chairman Liam McGee, former consumer banking head at Bank of America (NYSE...

Hartford Financial Services Group Inc. (NYSE: HIG) reported late Monday that its 4th quarter net income rose to $557 million, or $1.19 per share, compared to a net loss of $806 million, or $2.71 per share, for the same period a year earlier. Hartford Financial Services Group's core earnings, which...

Hartford Financial Services Group (NYSE: HIG) just reported Q4 net income of $557 million, or $1.19 per share, compared with a net loss of $806 million, or $2.71 per share, in the year ago period. Core earnings, excluding extra items, were $689 million, or $1.51 per share. Wall Street analysts'...

CVS Caremark Corporation (NYSE: CVS) reported today a fourth-quarter net income of $1.05 billion, or $0.74 per share, as compared to $949 million, or $0.65 per share, for the same quarter last year. Net revenue increased by $1.7 billion to $25.8 billion for the quarter. Analysts expected CVS to...

The Financial Products unit of American International Group, Inc. (NYSE: AIG) has agreed to a $20 million cut in retention payments. AIG had come under pressure last March, when it paid $165 million to employees in the Financial Product units, after it was bailed out with taxpayers’ money....

Assurant, Inc. (NYSE: AIZ) will report fourth quarter (2009) earnings after the market closes on Wednesday. The consensus EPS estimate is a profit of $1.00, which is less than the $1.31 per share earned in the same quarter a year earlier. Assurant, Inc. has fallen short of analyst estimates in...

MetLife, 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...