All Posts Tagged With: "HIG"
(AIG) Insurance Industry Stock Update – August 2010 – Industry Outlook
After enduring stress with respect to pricing pressure and reduced insured exposure through mid-2009, the overall health of the U.S. insurance industry has improved to a great extent in 2010. Though the market turmoil forced many companies to take immense write-downs, the...
(LNC) Lincoln National Corporation Earns A.M. Best Ratings
On June 22, A.M. Best Co. allotted a debt rating of “a-” to the senior unsecured notes of Lincoln National Corporation (LNC), keeping the outlook stable. In conjunction with assigning ratings,...
(JPM) Financial Giants Restructure Debt and Issue Notes
On Thursday, Reuters reported that financial behemoths JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) have issued fixed interest...
(LNC) Lincoln National Raises Money Through Offering to Exit TARP
In an attempt to repay its $950 million government bailout fund, Lincoln National Corp. (LNC) announced its intention to raise money through equity and debt offering. As a result, on Monday, the company publicly...
(LNC) Lincoln National Corporation Plans to Repay TARP
Lincoln National Corp. (LNC) is gearing up to repay the bailout money. Dennis Glass, the company’s President and CEO, said at an investor presentation yesterday that this acceleration follows a successful...
(AIG) Insurance Industry Stock Update – May 2010 – Industry Outlook
The turmoil in the financial markets created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. In 2010, the overall situation has improved to a great extent and the worst of the crisis appears to be now behind...
(HIG) Hartford Financial Services’ Earnings Report Tops Expectations – Raises Outlook
Hartford Financial Services’ (HIG) first-quarter core earnings came in at 14 cents per share, three cents ahead of the Zacks Consensus Estimate of 11 cents. This also compares favorably with the core loss...
(AIG) American International Group Expands Board of Directors
Yesterday, American International Group Inc. (AIG) announced that its Board of Directors has elected Henry S. Miller as a Director.
Mr. Miller is the Chairman, Managing Director and co-founder of Miller...
(HIG) Hartford Financial Services Group Completes TARP Repayment
Following its accumulation of $3.05 billion funds from new securities, Hartford Financial Services Group Inc. (HIG) said on Wednesday that it has completed the repayment of the entire $3.4 billion of bailout...
(HIG) Hartford Financial Services Group’s Ratings Affirmed by A.M. Best
Following Hartford Financial Services Group Inc.’s (HIG) recent decision to repay the entire $3.4 billion of bailout money it received from the government under the Troubled Asset Relief Program (TARP),...
(WFC) Wells Fargo Vends $1.25 Billion Notes
Moving ahead with its debt restructuring strategies, on Tuesday, Wells Fargo & Co. (WFC) sold $1.25 billion of senior notes, according to IFR, a Thomson Reuters service.
Wells Fargo sold these notes...
(MCO) Hartford Financial Services Group Gets Baa3 Rating From Moody’s
On Friday, rating agency Moody’s Investors Service, a division of Moody’s Corp. (MCO), assigned a stable rating of Baa3 on Hartford Financial Services Group Inc.’s (
23Mar2010 | vitalstocks | 0 comments | Continued(HIG) Hartford Financial Services Group Prices Senior Notes
As part of its plan to repay the entire $3.4 billion of bailout money it received from the government for participating in the Troubled Asset Relief Program (TARP) at the height of the credit crisis, Hartford Financial Services Group Inc. (
19Mar2010 | vitalstocks | 0 comments | Continued(CMA) Regional Bank Comerica Repays TARP Fund
Regional bank Comerica Inc. (CMA) said on Wednesday that it has repaid the entire $2.25 billion of bailout money it received from the government for its participation in the Troubled Asset Relief Program (TARP)...
(HIG) Hartford Financial Services Group to Repay TARP Money
In order to repay the entire $3.4 billion of bailout money it received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis, Hartford Financial Services Group Inc. (
17Mar2010 | vitalstocks | 0 comments | Continued($C) U.S. Treasury Reports That New Loans Fall at TARP Banks
The U.S. Treasury said on Monday that new loans at nine major banks, which received significant government aid through the Troubled Asset Relief Program (TARP) during the height of the financial crisis and have not repaid yet, tumbled in Jan 2010.
In its monthly survey...
(MFC) Manulife Financial Corporation Expands in China
Manulife Financial Corporation (MFC) is continuously growing its operations in China. Recently, the China Insurance Regulatory Commission (CIRC) has approved Manulife-Sinochem, Manulife’s joint venture...
(HIG) Hartford Financial Services Beats Forecasts – Swings to Net Gain
Hartford Financial Services’ (HIG) fourth quarter core earnings came in at $1.51 per share, substantially ahead of the Zacks Consensus Estimate of $1.40. This also compares favorably with the core loss of...
(AIG) Insurance Industry Stock Update – February 2010 – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(NYT) Heavy Earnings Reports Continue – Earnings Preview
Earnings Preview 2/5/10
While the bulk of earnings reports are in, there are still many to go, and next week we still have a heavy earnings calendar with a total or 462 firms scheduled to report. Some...
(HIG) The Hartford Financial Services Group – Consensus Estimates Jump After New Guidance
The Hartford Financial Services (HIG) recently sharply raised guidance for the fourth quarter. The company trades with a PEG ratio of just 0.64.
Company Description
The Hartford...
(HIG) The Hartford Financial Services Group Doubles Earnings Outlook
The Hartford Financial Services Group Inc. (HIG) has doubled its earnings outlook for the fourth quarter of 2009, primarily based on lighter catastrophes, sturdy performances of its property and casualty operations...
($AIG) Insurance Industry – Industry Outlook
The turmoil in the financial markets has created a highly challenging environment for the U.S. insurance industry, forcing many companies to take immense write-downs. This trend is expected to continue at least through the first half of 2010, though there are some early signs...
(HIG) Hartford Financial Services Outdoes Estimates Again
Hartford Financial Services’ (HIG) third quarter core earnings came in at $1.56 per share, substantially ahead of the Zacks Consensus Estimate of $1.07. This also compares favorably with the loss of $1.40...
(LNC) Lincoln National Corporation Beats Consensus Earnings Estimates
Lincoln National Corp. (LNC) reported operating earnings of 84 cents in the third quarter, which was ahead of the Zacks Consensus Estimate of 80 cents. The company had earned $1.16 per share on an operating...
(MFC) Manulife Financial Corporation Completes AIC Deal
Manulife Financial Corporation (MFC) has closed the transaction to purchase AIC’s Canadian retail investment fund business. This acquisition significantly expands Manulife’s wealth management reach.
All AIC funds in Canada will now be managed...
(AIG) American International Group – Politicians Monitor Health Insurers
Democrats in Congress have asked the nation’s biggest health insurers to provide data on executive compensation and bonus, profit margins, corporate retreats and spending and premium charges as part of its investigation of the private health insurance industry.
The...
(LNC) Lincoln Sells Asset Management Unit
Lincoln National Corporation (LNC) has agreed to sell its asset management unit, Delaware Investments, to Macquarie Group for approximately $428 million in cash. Macquarie Group is a Sydney, Australia-based leading investment bank.
The deal is expected...
(HIG) Hartford – Analysts concerned with exposure to variable annuities and capital levels
Hartford Financial Services Group (HIG) agreed to refund $48.2 million to workers’ compensation policyholders in Florida as it earned excess profits on such policies it issued between 2004 and 2006.
On Wednesday, the Florida Office of Insurance...
(ABB) Zacks #5 Rank Additions for Tuesday – Zacks Tale of the Tape
Here are the stocks added to the Zacks #5 Rank (“strong sell”) List today:
- ABB Ltd (ABB)
- Actuant...
26May2009 | vitalstocks | 0 comments | Continued