All Posts Tagged With: "PRU"
(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...
8Feb2010 | vitalstocks | 0 comments | Continued(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 of the more noteworthy firms reporting are New York Times (NYT), Allstate (ALL),...
8Feb2010 | vitalstocks | 0 comments | Continued(CLI) Mack-Cali Realty Refinances Loan With Prudential Financial Unit
Mack-Cali Realty Corp. (CLI), a fully integrated real estate investment trust (REIT), has recently refinanced a $150 million secured loan with the Prudential Insurance Company of America, the insurance division of Prudential Financial Inc. (PRU), a premier financial service provider...
21Jan2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Analysts Initiate Coverage at Neutral
We are initiating our coverage on the shares of the Prudential Financial Inc. (PRU) with a Neutral recommendation. 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....
14Jan2010 | vitalstocks | 0 comments | Continued(MET) MetLife’s Global Funding Unit Begins Sale of $2.5Billion in Notes
Yesterday, MetLife Global Funding I, a unit of MetLife Inc. (MET), announced a two-part sale of its notes worth $2.5 billion. The first part includes $1 billion of notes at an issue price of $100, maturing on July 13, 2011. These 18-month floating-rate notes will bear a rate...
8Jan2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Concludes Wachovia Sale
Last week, Prudential Financial (PRU) announced that it has completed the previously announced sale of its minority interest in Wachovia Securities Financial Holdings to Wells Fargo & Co. (WFC) for $4.5 billion in cash. Apart from this the company has also received $418.4...
4Jan2010 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Sees Credit Rating Action
Earlier during the week, Fitch Rating affirmed the “BBB+” long-term issuer default and the “BBB” senior debt ratings on Prudential Financial Inc. (PRU) and improved its outlook to “stable” from “negative”. The rating action follows the...
27Dec2009 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Buys Prudential Financial Stake
On Tuesday, Wells Fargo & Co. (WFC) announced its intention to purchase the 38% stake of Prudential Financial Inc. (PRU) in its retail brokerage joint venture (JV), Wells Fargo Advisors, for a cash payment of $4.5 billion. The deal is likely to close by Dec 31, 2009. The...
17Dec2009 | vitalstocks | 0 comments | Continued($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...
7Dec2009 | vitalstocks | 0 comments | Continued(PRU) Prudential Financial Beats, Ups Guidance
Prudential Financial Inc.’s (PRU) third-quarter earnings of $1.59 per share was well ahead of the Zacks Consensus Estimate of $1.33. Results also topped prior-year period’s earnings of $1.02 per share. The upside was driven primarily by strong annuity sales and market appreciation. Prudential...
8Nov2009 | vitalstocks | 0 comments | Continued(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 basis in the year-ago quarter. The company experienced lower average...
1Nov2009 | vitalstocks | 0 comments | Continued(PRU) Nippon Life Insurance Invests in Prudential
The Prudential Insurance Company of America [PICA], an indirect wholly owned subsidiary of Prudential Financial, Incorporated (PRU) entered into a purchase agreement with Nippon Life Insurance Company on Sept. 16. According to the agreement, Prudential Insurance will issue and...
18Sep2009 | vitalstocks | 0 comments | Continued(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 to close around the year-end...
20Aug2009 | vitalstocks | 0 comments | Continued(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 Regulation said that it...
13Aug2009 | vitalstocks | 0 comments | Continued