All Posts Tagged With: "PRU"
(AIG) American International Group Upped to Neutral
Last week, we upgraded our recommendation on American International Group Inc. (AIG) to Neutral from Underperform based on its improving capital flexibility. Besides, asset disposals and repayment of a chunk of debt appears to be favorable for the new stock buyback program. AIG...
14Jan2012 | 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(AIG) American International Group Loss Soars on Weak Dynamics
American International Group Inc. (AIG) reported third quarter operating loss per share of $1.60, which came in way higher than the Zacks Consensus Estimate of a loss of 8 cents and 84 cents reported in the year-ago quarter. Consequently, operating loss of $3.0 billion increased...
6Nov2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Dropped to Underperform
We downgraded our recommendation on American International Group Inc. (AIG) to Underperform from Neutral based on the critical sustainability factor given the weak global cues, sluggish insurance dynamics and consistent cash outflow. Despite raising funds in the past few quarters...
15Aug2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Misses Expectations – Rebound to Come
American International Group Inc. (AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the year-ago quarter, due to an additional 1.655 billion shares issued to...
8Aug2011 | 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(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(MCO) Prudential Financial Upgraded by Moody’s
Last week, credit rating agency Moody’s Investors’ Service, a subsidiary of Moody’s Corp. (MCO), affirmed the debt rating of Prudential Financial Inc. (PRU) at “Baa2” and upgraded its outlook to positive from stable. Prudential has one of the best collections of businesses...
27Jun2011 | vitalstocks | 0 comments | Continued(AIG) American International Group’s Nan Shan Deal Back on Track
American International Group Inc.’s (AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted...
16Jun2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Nan Shan Deal Back on Track
American International Group Inc.’s (AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted...
11Jun2011 | 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(AIG) American International Group Suffers From Catastrophe Losses
American International Group Inc. (AIG) reported first quarter operating income of $2.03 billion or $1.30 per share, well ahead of the Zacks Consensus Estimate of a loss of 15 cents per share and earnings of $637 million or 95 cents per share in the year-ago quarter. On a GAAP...
6May2011 | vitalstocks | 0 comments | Continued(AGN) Company News for May 5, 2011 – Corporate Summary
• R.R. Donnelley & Sons (NYSE:RRD) reported Q1 EPS of $0.33, missing the Zacks Consensus Estimate of $0.36 per share. Revenues for the quarter rose 7% year-over-year to $2.58 billion, lower than the Zacks Consensus Estimate of $2.634 billion • The Williams...
5May2011 | vitalstocks | 0 comments | Continued(AIG) American International Group to Sell Rail Unit
Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday American International Group Inc. (AIG) announced its decision to sell the company’s rail car leasing unit, AIG Rail Services Inc. to an affiliate of Perella Weinberg Partners...
25Apr2011 | 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 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(AIG) American International Group Posts Slightly Smaller Loss Then Forecasted
American International Group Inc. (AIG) reported fourth quarter operating loss of $2.21 billion or $16.20 per share, slightly below the Zacks Consensus Estimate of a loss of $16.98 per share but higher than the net loss of $1.34 billion or $9.88 per share in the year-ago quarter. On...
28Feb2011 | 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 $41 million or 13 cents per...
7Feb2011 | vitalstocks | 0 comments | Continued($AIG) AIG Announces Sale of Japan-based Star & Edison Units
After the successful completion on the recapitalization front last month, yesterday American International Group Inc. (AIG) announced the sale of its Japan-based AIG Star Life Insurance Co. (Star) and AIG Edison Life Insurance Co. (Edison) to Prudential Financial Inc. (PRU) for...
3Feb2011 | vitalstocks | 0 comments | Continued(AIG) American International Group Settles $146 Million Lawsuit
Recently, American International Group Inc. (AIG) negotiated with the insurance regulators and settled a multi-state workers compensation probe for $146.5 million. This comprises about $100 million in fines and other penalties to resolve claims and about $46.5 million in additional...
29Dec2010 | vitalstocks | 0 comments | Continued(AIG) American International Group to Sell Rail Unit – Fitch Rates Debt
Going ahead with its asset disposal strategy to repay the U.S. government bailout loan, yesterday, American International Group Inc. (AIG) announced its intention to vend its rail-car leasing wing, AIG Rail Service Inc, according to Wall Street Journal. While the price of sale...
22Dec2010 | vitalstocks | 0 comments | Continued(GNW) Genworth Financial Issues $400 Million in Senior Notes
Genworth Financial Inc. (GNW) sold senior notes worth $400 million, bearing a coupon of 7.20% and maturing on February 15, 2021. The company increased the offer size from $300 million planned earlier. The company has offered these notes at 99.659% of face value to yield 7.25%...
6Dec2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s Investors Service Rates Prudential’s Notes
The rating agency Moody’s Investors Service, an arm of Moody’s Corp. (MCO), has conferred a “Baa2” rating to senior unsecured notes worth $1 billion issued recently by Prudential Financial Inc. (PRU). The rating holds an investment grade status and carries a “stable”...
6Dec2010 | vitalstocks | 0 comments | Continued(AIG) American International Group Moves to Loss on High Charges
American International Group Inc. (AIG) reported third quarter operating loss of $200 million or $1.47 per share, dramatically behind the Zacks Consensus Estimate of $1.35 per share and operating income of $1.62 billion or $2.42 per share in the year-ago period. On a GAAP basis,...
15Nov2010 | vitalstocks | 0 comments | Continued(LNC) Lincoln National Investors Get Early Christmas
After successfully reconstructing its debt, Lincoln National Corp. (LNC) made yesterday eventful by outlining a number of ways to return wealth to shareholders, which includes a dividend hike, resumption of share repurchase program and redemption of preferred securities. The...
14Nov2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial to Buy AIG’s Japanese Life Insurance Units
US insurer Prudential Financial Inc. (PRU) has commenced the offering of 18.4 million of its common shares at a price of $54.50 each. The net funds of $970 million from the issue would be used to finance part of the acquisition of American International Group Inc.’s (AIG) two...
12Nov2010 | vitalstocks | 0 comments | Continued(AIG) American International Group’s AIA IPO Raises $17.9 Billion
On the back of strong demand and good positioning in the market, the American International Group Inc. (AIG) has raised $17.9 billion, as the company vended off the 58.4% stake in its Asian life-insurance unit, American International Assurance Group Ltd. (AIA) by offering 7.03...
25Oct2010 | vitalstocks | 0 comments | Continued(A) Company News for October 7, 2010 – Corporate Summary
• PepsiCo (NYSE:PEP) reported third-quarter earnings of $1.22, in-line with expectations, on a 40% revenue jump to $15.5 billion, above projections of $15.4 billion. The firm also lowered 2010 guidance to 10-11% growth • Marriott (NYSE:MAR) noted third quarter earnings...
7Oct2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Buys Units From American International Group
US insurer Prudential Financial (PRU) declared yesterday that it will be acquiring two of the Japanese life operations of American International Group Inc. (AIG) for $4.2 billion in cash by the first quarter of 2011. However, the total value of the deal will climb to $4.8 billion...
3Oct2010 | vitalstocks | 0 comments | Continued