Accident & Health Insurance
(CNO) Conseco Reports Earnings And Misses by a Nickel
Conseco, Inc’s (CNO) fourth-quarter operating earnings of 15 cents per share were a nickel short of the Zacks Consensus Estimate of 20 cents. The results were also down 16.7% from the operating earnings of 18 cents in the year-ago quarter. Though results for the quarter were...
28Feb2010 | vitalstocks | 0 comments | Continued(UNM) Unum Group’s Debt Rating Upgraded by Fitch Analyst
Following favorable fourth quarter earnings, the rating agency Fitch upgraded the employee benefits and disability insurance provider Unum Group’s (UNM) senior debt rating to “BBB” from “BBB-.” Fitch also moved up the group’s issuer default rating...
17Feb2010 | vitalstocks | 0 comments | Continued(AIZ) Assurant Earnings Report Falls Below Consensus Estimates
Assurant Inc. (AIZ) fourth quarter earnings of 86 cents per share lagged behind the Zacks Consensus Estimate of $1.01. Results also compared unfavorably with earnings of $1.30 in the year-ago quarter. Earnings were strained by restructuring charges of $12.3 million and a net...
5Feb2010 | vitalstocks | 0 comments | Continued(AFL) Aflac Incorporated Surpasses Expectations – Raises Outlook
Aflac Incorporated’s (AFL) fourth quarter earnings of $1.18 cents per share were ahead of the Zacks Consensus Estimate of $1.16. This compared favorably with earnings of 98 cents in the year-ago quarter. Earnings in the reported quarter excluded after-tax realized investment...
4Feb2010 | vitalstocks | 0 comments | Continued(CNO) Conseco Offers Common Stock to Pay Down Debt
Conseco Inc. (CNO) said on Monday that it has commenced an offering of 45 million shares of common stock primarily to help pay down debt. The company plans to grant the underwriters a 30-day option to buy up to an additional 4.5 million shares. Conseco intends to use $150 million...
16Dec2009 | vitalstocks | 0 comments | Continued(CNO) Conseco Offers 2010 Earnings Guidance
Conseco Inc. (CNO) offered its earnings guidance for full year 2010 on Tuesday. The company expects net operating income in the range of 55 to 65 cents a share in 2010. The estimated earnings per share are based on operating income between $145 million and $170 million. The pre-tax...
9Dec2009 | vitalstocks | 0 comments | Continued(AIZ) Assurant Incorporated Upgraded to Neutral
We are upgrading Assurant Inc. (AIZ) to Neutral from Underperform, as we believe a low debt-to-capital ratio, adequate capitalization and sound liquidity with no debts to repay will shield the company from the ongoing economic challenges. Third quarter 2009 results were particularly...
29Nov2009 | vitalstocks | 0 comments | Continued(SFG) StanCorp Financial Group a Penny Ahead
StanCorp Financial Group Inc.’s (SFG) third quarter earnings of $1.21 per share were just a penny ahead of the Zacks Consensus Estimate of $1.20 per share. The company had earned $1.46 per share in the year-ago quarter. High unemployment rate and rising joblessness continue...
26Oct2009 | vitalstocks | 0 comments | Continued(AIZ) Assurant, Inc.- Bear of the Day
Assurant’s (AIZ) second-quarter earnings were worse than the Zacks Consensus Estimate, reflecting weak performance of all its business segments, a trend that is expected to remain in place for some time. The company’s leading position in specialty markets, solid balance...
10Sep2009 | vitalstocks | 0 comments | Continued(AOC) Expect Health Care Costs to Rise
Cost to employers for health care plans is expected to rise 10.5% within the next 12 months primarily as a result of rising costs, increasing demand for services and an aging population. Aon Consulting, the global human capital consulting organization of Aon Corporation (AOC),...
26Aug2009 | vitalstocks | 0 comments | Continued(CNO) Class Action Suits Against Conseco
Class Action Suits Against Conseco A number of law firms have filed a class action lawsuit against Conseco Inc. (CNO) on behalf of purchasers of its common stock between August 4, 2005 and March 17, 2008. Shalov Stone Bonner & Rocco LLP, Izard Nobel LLP and Coughlin Stoia...
10Aug2009 | vitalstocks | 0 comments | Continued