All Posts Tagged With: "AIG"

(AIG) American International Group Subsidiary to Issue Senior Notes

A wholly owned subsidiary of American International Group (AIG), the International Lease Finance Corporation (ILFC) recently declared that it would issue and sell $550 million of floating rate senior notes with maturity scheduled in...

2Sep2013 | | Comments Off | Continued

(JPM) JPMorgan Chase to Face Dexia Lawsuit Again

The U.S. District Judge Jed Rakoff has revoked his earlier order to dismiss a major portion of the lawsuit filed by Brussels based Dexia N.V./S.A against JPMorgan Chase & Co. (JPM). The lawsuit accused JPMorgan of deliberately...

2Jul2013 | | Comments Off | Continued

(AIG) American International Group to Inject $92.5 Million in China

Earlier this week, American International Group Inc. (AIG) announced its intentions to invest HK$718.1 million or about $92.5 million in PICC Group’s PICC Property and Casualty Co. Ltd. (PICC P&C). The investment will be made...

23May2013 | | Comments Off | Continued

(PL) Insurance Industry Stock Outlook – May 2013 – Zacks Analyst Interviews

The year 2013 started off much better than expected for the U.S. insurance industry, with most of the primary insurers beating first quarter earnings estimates and reporting relatively low combined ratios. Moreover, the sector continued to witness rising premium rates which started a year back after...

22May2013 | | Comments Off | Continued

(CI) Cigna Posts Strong First Quarter Earnings

Cigna Corp.’s (CI) first-quarter 2013 net operating earnings of $1.72 per share outpaced the Zacks Consensus Estimate of $1.43 per share. Moreover, the results surged nearly 39% year over year. Better-than-expected results...

14May2013 | | Comments Off | Continued

(PFE) Grading the First Quarter Earnings Season – Earnings Preview

Grading the Q1 Earnings Season We have crossed the halfway mark in the Q1 earnings season, with results from 271 S&P 500 companies already out (as of Friday, April 26th). Please note that these 271 companies are more than just 54.2% of the index’s total membership –...

2May2013 | | Comments Off | Continued

(ORCL) Will Q1 Provide the Earnings Growth Bottom? – Earnings Outlook

The first quarter 2013 earnings season has gotten underway, though it will take another three weeks for the reporting cycle to heat up. The initial reports from the likes of Oracle (ORCL) and FedEx (FDX)...

15Apr2013 | | Comments Off | Continued

(ORCL) Economic Data Turns Market Bearish – Earnings Preview

The market’s mood appears to have shifted following the recent run of weak economic data, with investors grudgingly acknowledging that the economy may not be in as good a shape as everybody had expected. May be it’s the typical seasonal weakness that we have become accustomed to in recent years,...

7Apr2013 | | Comments Off | Continued

(ORCL) Will an Earnings Growth Bottom Arrive in 2013′s First Quarter?

The first quarter 2013 earnings season has gotten underway, though it will take another three weeks for the reporting cycle to heat up. The initial reports from the likes of Oracle (ORCL) and FedEx (FDX)...

28Mar2013 | | Comments Off | Continued

(ORCL) A Breather Before Q1 Earnings Deluge – Earnings Preview

The first quarter earnings season has gotten underway, though it will take a few more weeks for the reporting cycle to get into high gear. The initial reports from the likes of Oracle (ORCL) and FedEx (FDX)...

23Mar2013 | | Comments Off | Continued

(AIG) American International Group to Redeem $1.1 Billion in Debt

American International Group, Inc. (AIG) has announced the redemption of its entire outstanding balance of 7.7% Series A-5 junior subordinated debentures due 2047. The company has set Mar 18 as the redemption date, on which it will...

9Mar2013 | | Comments Off | Continued

(AIG) American International Group’s AGC Life Upgraded by Fitch

Fitch Ratings lifted the insurer financial strength (IFS) rating of American International Group Inc.’s (AIG) US life insurance arm – AGC Life Insurance Co. Additionally, the ratings agency asserted other credit and debt ratings...

25Feb2013 | | Comments Off | Continued

(WMT) Earnings Enter the Final Stretch – Earnings Preview

We still have plenty of Q4 earnings reports to come, but the bulk of the earnings season is now behind us, with results from 395 S&P 500 companies already out, as of Friday, February 15. Please note that while these 395 companies account for 86.4% of the index’s total market capitalization and...

19Feb2013 | | Comments Off | Continued

(WMT) Earnings Enter the Final Stretch – Earnings Preview

We still have plenty of Q4 earnings reports to come, but the bulk of the earnings season is now behind us, with results from 395 S&P 500 companies already out, as of Friday, February 15. Please note that while these 395 companies account for 86.4% of the index’s total market capitalization and...

15Feb2013 | | Comments Off | Continued

(SNV) Treasury to Exit Banks’ TARP in 2013

On Tuesday, the Treasury Department released an update on its strategy initiated early this year of exiting its remaining Troubled Asset Relief Program (TARP) investments in banks through the Capital Purchase Program (CPP). Currently, 218 banks remai ...

27Dec2012 | | Comments Off | Continued

(AIG) AIG Sells Entire Stake in AIA

Yesterday, American International Group Inc. (AIG) announced its plan to sell the remaining 13.69% stake in its Asian wing – AIA Group Limited (AIA) – for $6.45 billion. The company’s holding in AIA has been traded to a group...

20Dec2012 | | Comments Off | Continued

(AIG) Fed to Wind Up AIG Stake for $7.6B

American International Group Inc. (AIG) is in the final leg of its government bailout loan repayment as the US Federal Reserve (Fed) announced the sale of the remaining 15.9% ownership in the company. This also indicates a sooner-than-expected...

17Dec2012 | | Comments Off | Continued

(AIG) American International Group Sells 90% of International Lease Finance Corporation for $5.28B

American International Group Inc. (AIG) confirmed the sale of about 90% of its aircraft leasing unit – International Lease Finance Corporation (ILFC) – to a group of Chinese investors. The deal is valued at $5.28 billion. Accordingly,...

10Dec2012 | | Comments Off | Continued

(AIG) American International Group Unit Announces New Credit Facility

To enhance the size as well as terms of its unsecured revolving credit facility, International Lease Finance Corporation (ILFC) – a part of the aircraft leasing wing of American International Group, Inc. (AIG) – has replaced its...

15Oct2012 | | Comments Off | Continued

(AIG) American International Group’s AIA to Buy ING Malaysia

Earlier this week, American International Group Inc.’s (AIG) Asian wing – AIA Group Limited (AIA) – announced its pact with Dutch Insurer – ING Groep NV (ING)...

12Oct2012 | | Comments Off | Continued

(MET) MetLife Vends $1B Notes

Yesterday, MetLife Inc. (MET) sold callable notes worth approximately $1.0 billion in a two-part offering that were scheduled for remarketing and settlement in 2012, according to Reuters. Previously, the notes were issued as...

9Oct2012 | | Comments Off | Continued

(AIG) American International Group to Raise $2 Billion from AIA Stock Sale

In an attempt to repay the government bailout loan, American International Group Inc. (AIG) announced its plan to sell a part of its stake in its Asian wing – AIA Group Limited (AIA) – for $2.0 billion. Accordingly, AIG...

18Sep2012 | | Comments Off | Continued

(AIG) Treasury Puts $18B American International Group Stock up for Sale

Following American International Group Inc.’s (AIG) decision to buy back shares worth $5.0 billion in the next U.S. Treasury stock sale, the Treasury initiated the sale of $18.0 billion worth of stock in the company. In its...

18Sep2012 | | Comments Off | Continued

(HIG) Hartford Financial Services Group Sells Retirement Plans Business

Almost six months after Hartford Financial Services Group Inc. (HIG) started looking for suitable divestiture opportunities for its Individual Life and Retirement Plans segments as well as the Woodbury Financial Services unit, the...

6Sep2012 | | Comments Off | Continued

(AIG) American International Group Sells $250 Million Notes

Yesterday, American International Group Inc. (AIG) announced the sale of unsecured senior notes worth $250 million. The proceeds of these notes are expected to be utilized for enhancing the operational performance of the company. Accordingly,...

27Aug2012 | | Comments Off | Continued

(AIG) Federal Reserve Sells Last American International Group Assets

The residual portion of American International Group’s (AIG) mortgage-backed securities in the Maiden Lane III LLC portfolio, held by the Federal Reserve Bank of New York (“Fed”), has been sold, according to sources. The New...

25Aug2012 | | Comments Off | Continued

(MET) MetLife Places $750 Million in Senior Unsecured Notes

Recently, Reuters reported that MetLife Inc. (MET) has vended senior unsecured notes worth $750 million. The notes bear an interest rate of 4.125% and are scheduled to mature in February 15, 2042. MetLife expects to utilize...

22Aug2012 | | Comments Off | Continued

(AIG) American International Group Reiterated at Neutral

We have maintained our Neutral recommendation on American International Group Inc. (AIG) following its modest operating performance and steady bailout loan repayment during the first half of 2012. However, the top line remains sluggish...

21Aug2012 | | Comments Off | Continued

(HIG) Hartford Financial Services Group Expects Lower Second Quarter Catastrophe Loss

Hartford Financial Services Group Inc. (HIG) has announced its pre-tax current accident year catastrophe (CAT) loss estimate of $280–300 million for the second quarter of 2012, which is considerably lower than $447 million recorded...

13Aug2012 | | Comments Off | Continued

(AIG) American International Group Slams Fed with Tax Overpayment

Last week, American International Group Inc. (AIG) sued the US Federal Reserve regarding net overpaid taxes and interests in 1991 worth $30.2 million, according to the Associated Press reports. The case has been filed in Federal Claims...

10Aug2012 | | Comments Off | Continued