Life Insurance
(LFC) China Life Insurance – ADR – Bear of the Day
China Life Insurance’s (LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment...
14Dec2011 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance-ADR – Bear of the Day
China Life Insurance’s (LFC) third-quarter earnings witnessed a steep decline from the comparable period of last year. High surrenders, low premium income and increased impairment losses led to a decline in the net income, while increased unrealized losses in the investment...
5Dec2011 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance Company Shares Remain Underperform
We have reiterated our Underperform recommendation on China Life Insurance Company Ltd. (LFC) based on itspoor operating results in the third quarter. China Life reported operating earnings of RMB0.13 per share (US$0.31 per ADR) during the third quarter of 2011, witnessing a...
2Dec2011 | vitalstocks | 0 comments | Continued(MFC) Manulife Financial Analyst Initiates Shares with Neutral
We are initiating coverage on Canada based Manulife Financial Corp. (MFC) with a Neutral recommendation. During the third quarter, the company posted a net loss of 73 cents per share, narrower than the loss of $1.28 in the prior-year quarter. Manulife is one of the dominant life...
28Nov2011 | vitalstocks | 0 comments | Continued(MET) MetLife Alters Regional Segregation
To provide a better reflection of its global presence, MetLife Inc. (MET) will undergo restructuring of its business segments. As a result, the company will now be divided into three geographical regions – The Americas, Asia and EMEA (Europe, Middle East and Africa). Additionally,...
28Nov2011 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Corporation Increases Dividend by 60%
Despite basking in a modest third quarter, yesterday, the board of Lincoln National Corp. (LNC) has announced a significant 60% increase in its quarterly dividend to 8 cents per share from the previous pay out of 5 cents. The hiked dividend will be paid on February 1, 2012 to...
12Nov2011 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance Sees Moody’s Rating Action
Beginning this week, credit rating agency Moody’s Investors Service affirmed China Life Insurance Co. Ltd.’s (LFC) insurance financial strength rating of “A1” with a positive outlook based on the company’s stable capital, investment and financial leverage position. However,...
6Nov2011 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial – Bear of the Day
Genworth Financial’s (GNW) second quarter operating loss wider than the Zacks Consensus Estimate loss. A substantially higher year-over-year loss at the U.S. Mortgage Insurance segment, partially offset by better results at Retirement & Protection and at International,...
14Sep2011 | vitalstocks | 0 comments | Continued(LFC) China Life Insurance – ADR- Bear of the Day
We are initiating coverage on China Life Insurance (LFC) with an Underperform recommendation. The company’s semi-annual earnings witnessed a steep decline from the comparable period of the prior year. Increases in revenue and premiums were offset by increased benefits,...
8Sep2011 | vitalstocks | 0 comments | Continued(DFG) Delphi Financial Group Announces Share Buyback
Earlier during the week, Delphi Financial Group Inc. (DFG) announced a new $50 million share repurchase authorization, which will replace the existing authorization to buy back 1.0 million shares. Delphi also announced regular quarterly dividend of 12 cents per share, which will...
13Aug2011 | vitalstocks | 0 comments | Continued(DFG) Delphi Misses Estimates – Grows Year Over Year
Delphi Financial Group’s (DFG) second quarter 2011 core operating income of 86 cents per share missed the Zacks consensus Estimate by 5 cents but compared favorably with 79 cents reported in the prior-year quarter. The earnings miss was driven by lower operating income at Delphi’s...
28Jul2011 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Spins off Commodities Business Unit
On Friday, Prudential Financial, Inc (PRU) announced the spin-off of its global commodities business unit to Jefferies Group Inc. (JEF) for $419.5 million. The transaction, which was announced back in April 2011, was valued at $419.5 million based on book value as of the closing...
5Jul2011 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial Analyst Upgrades Shares
We are upgrading our recommendation on Genworth Financial Inc (GNW) to Neutral from Underperform to reflect the company’s continued focus on fueling growth and strong rating affirmation from credit rating agencies. To focus more on its Retirement and Protection segment, Genworth...
1Jul2011 | vitalstocks | 0 comments | Continued(MET) Metlife to Add Turkish Unit
According to media reports, Dexia SA will vend Deniz Emeklilik & Hayat AS, the insurance unit of Denizbank AS, Dexia’s bank in Turkey to Metlife Inc. (MET) for €161.9 million. Concurrently, France’s AXA is negotiating the distribution of property and casualty insurance...
29Jun2011 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Rating Action
Lincoln National Corp. (LNC) experienced ratings actions on its freshly issued senior unsecured notes from both Moody’s Investors Service of Moody’s Corp. (MCO) and A.M. Best. Accordingly, Moody’s has denoted these notes with a “Baa2” rating, while also promoted Lincoln’s...
24Jun2011 | vitalstocks | 0 comments | Continued(AEG) Aegon NV Gains Repayment Flexibility
Yesterday, Dutch insurer Aegon NV (AEG) announced that it has freed itself of the government debt on making the last repayment of €1.125 million. The company was offered a bailout amount of €3.0 billion during the peak of the global financial crisis in 2008. The latest and...
20Jun2011 | vitalstocks | 0 comments | Continued(ING) ING Group – Lone Finance Bright Spot in ValuEngine.com Stock Screen
ING Group (ING) the Lone Finance Bright Spot in ValuEngine.com Stock Screen While finance stocks have not made the grade from our proprietary models as of late, ING GROEP (ING) turned up highly-rated in a screen for liquid stocks with low p/e ratios, high undervaluation ranks,...
9Jun2011 | valuengine | 0 comments | Continued(DFG) Delphi Financial Group Announces Hike in Dividend
Yesterday, employee benefits provider Delphi Financial Group Inc. (DFG) announced a quarterly dividend of 12 cents, marking a single cent increase from the previous quarter. The new dividend, representing a 9% hike from the previous quarterly dividend, is payable on June 8, 2011...
16May2011 | vitalstocks | 0 comments | Continued(MET) MetLife Progresses with ALICO Results Included
MetLife Inc. (MET) reported first quarter operating earnings per share of $1.33, exceeding the Zacks Consensus Estimate of $1.26 per share and $1.04 per share in the year-ago quarter. Operating earnings increased 64% year over year to $1.42 billion from $864 million in the year-ago...
9May2011 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Quarterly Estimates Top Analysts Expectations
Prudential Financial Inc.’s (PRU) first quarter 2011 earnings of $1.69 per share topped the Zacks Consensus Estimate of $1.48 as well as the prior-year quarter’s earnings of $1.45 per share. Results were aided by solid performance in the company’s U.S. annuities and asset...
9May2011 | vitalstocks | 0 comments | Continued(TMK) Torchmark Announces Split of Common Stock
The board of directors of Torchmark Corporation (TMK) has authorized a three-for-two partial stock split of its common stock. Torchmark stated that the stock split will be carried out through a stock dividend issue. The 3:2 stock split will be paid in the form of a 50% stock...
4May2011 | vitalstocks | 0 comments | Continued(AGO) Stock Market News for April 18, 2011 – Market News
Markets posted modest gains on Friday, helped by positive economic reports that overshadowed disappointing earnings reports from bellwether stocks. The earnings season, which was unofficially kicked off by Alcoa, Inc, has been largely mixed up to now. A lot is at stake for the...
18Apr2011 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial – Bear of the Day
Genworth Financial’s (GNW) fourth-quarter operating loss lagged the Zacks Consensus Estimate led by a substantially higher year-over-year loss at the U.S. Mortgage Insurance segment, which was partially offset by better results at Retirement & Protection and at International....
15Apr2011 | vitalstocks | 0 comments | Continued(MET) MetLife Seals Taiwan Deal
The Wall Street Journal has reported that MetLife Inc. (MET) has finally been able to vend its Taiwan life insurance unit to Chinatrust Financial Holdings Co. for about $180 million. This is the second desperate attempt of the company to move out of Taiwan given the limited scope...
31Mar2011 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Analyst Reiterates Shares at Neutral
We are reiterating our Neutral recommendation on the shares of Prudential Financial Inc.(PRU). Prudential has one of the best collections of businesses in the U.S. life insurance sector, with strong positions in high margin businesses and a significant diversification. Despite...
29Mar2011 | vitalstocks | 0 comments | Continued(MET) MetLife Allows American International Group to Raise $10 Billion
Executing the terms of the American Life Insurance Co. (ALICO) deal sooner-than-expected, on Tuesday MetLife Inc. (MET) gave its consent to American International Group Inc. (AIG) for selling 78.2 million of MetLife shares and 40 million common equity units that AIG had received...
28Mar2011 | vitalstocks | 0 comments | Continued(DFG) Delphi Financial Analyst Reiterates Shares at Neutral
We are maintaining our Neutral recommendation on the shares of Delphi Financial Inc. (DFG) following the release of fourth quarter 2010 results. Delphi’s fourth quarter earnings were a dime ahead of the Zacks Consensus Estimate, aided by favorable underwriting and investment...
22Mar2011 | vitalstocks | 0 comments | Continued(MET) MetLife Trys Again to Exit Taiwan
On Monday, Thomson Reuters reported that MetLife Inc. (MET) may dispose of its insurance business in Taiwan by the end of April this year. Chinatrust Financial, Yuanta Financial and Mercuries Life Insurance were reported to have submitted bids to acquire the MetLife unit. However,...
3Mar2011 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Fourth Quarter Earnings Lag Forecast on Higher Charges
Lincoln National Corporation’s (LNC) fourth quarter operating earnings per share of 82 cents came in way behind the Zacks Consensus Estimate of 88 cents and 90 cents recorded in the prior-year quarter. Results were primarily impacted by a charge of $41 million or 13 cents per...
7Feb2011 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial – Bear of the Day
We are downgrading Genworth Financial (GNW) to Underperform due to higher year-over-year losses at the U.S. Mortgage Insurance segment as well as weak results at Retirement and Protection and at International. Genworth’s third-quarter results also fell short of the Zacks...
19Jan2011 | vitalstocks | 0 comments | Continued