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Treasury Calls for Overhaul of Systemically Important Designation - WSJ

2017-11-17 wsj
WASHINGTON—The Trump administration is endorsing significant changes in the criteria for regulating large insurers and asset managers, sending a strong signal that firms such as MetLife Inc., Prudential Financial Inc. and BlackRock Inc. can worry less about strict rules from Washington. (43-0)

Prudential (PRU) and Units' Ratings Retained by Moody's

2017-11-16 zacks
Prudential Financial, Inc. (PRU - Free Report) and its life insurance units’ ratings were reiterated by Moody’s Investors Service. The rating agency affirmed the long-term debt ratings of Prudential and the A1 insurance financial strength (IFS) ratings of its lead operating company — Prudential Insurance Company of America — along with other affiliated US life insurance units (together knows as PICA). (35-0)

Strong Q3 Earnings Push Insurance ETFs Higher

2017-11-15 zacks
The insurance industry has performed well this reporting cycle with robust earnings from key players. Even damages from successive hurricanes Harvey and Irma have not taken the sheen away from the industry as predicted earlier (read: Insurance ETFs Back On Track Post Hurricane Irma). Prominent players such as MetLife (MET - Free Report) , Prudential Financial (PRU - Free Report) , Chubb Corp (CB - Free Report) , Allstate (ALL - Free Report) and Travelers (TRV - Free Report) surpassed both our earnings and revenue estimates. (82-0)

Dow falls 150 points as oil prices and GE slide again

2017-11-15 cnbc
U.S. stocks opened sharply lower on Wednesday as further losses in oil prices and General Electric shares shook investor sentiment. (19-0)

American Financial Issues Notes, Sees Rating Action

2017-11-14 zacks
American Financial Group, Inc. (AFG - Free Report) recently announced to offer $365 million senior notes in two tranches — 3.50% $125 million senior notes with maturity scheduled in August 2026 and 4.50% $240 million senior notes with maturity scheduled in June 2047. American Financial intends to deploy the proceeds along with cash to redeem 9-7/8% $350 million senior notes due in June 2019. The company will redeem these notes on Dec 11, 2017. (32-0)

Arthur J. Gallagher Boosts Brokerage Services With Buyout

2017-11-14 zacks
Arthur J. Gallagher & Co. (AJG - Free Report) recently purchased Associated Insurance Services, Inc., which will help to boost its brokerage operations and expand its geographical footprint. The financial details of the transaction, however, remain undisclosed. Details of the Transaction Westlake Village, CA-based Associated Insurance was established in 1962. The company operates as an independent commercial and personal lines property/casualty insurance agency, catering to construction industry, retail, hospitality and manufacturing clients. (40-0)

Hartford Financial Gains From Strategic Moves, Risks Remain

2017-11-14 zacks
The Hartford Financial Services Group, Inc’s (HIG - Free Report) strategic dispositions of its legacy run-off businesses have improved its risk profile. In addition, divesture of its non-core businesses along with strategic acquisitions and alliances have helped it concentrate on core U.S. operations. (35-0)

AIG Notes Get Rating Action From Moody's, Outlook Stable

2017-11-14 zacks
American International Group, Inc (AIG - Free Report) recently received rating action from Moody's Investors Service, a wing of Moody’s Corp. AIG’s $400 million of 30-year zero coupon senior unsecured notes issued in the Taiwan market has received Baa1 rating from the rating agency. (95-0)

Exclusive - Global regulators to ditch 'too big to fail' gauge for insurers: source

2017-11-10 in.reuters
WASHINGTON (Reuters) - Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American International Group and Prudential Financial Inc. (76-0)

Cramer Remix: My rule on Snap is ‘Use it, don’t own it!’

2017-11-07 cnbc
Snap Inc.'s earnings miss on Tuesday inspired CNBC's Jim Cramer to come up with a new saying to the tune of his enduring rule about the stock of Apple: "own it, don't trade it." (118-0)

Cramer's lightning round: Don't give up on Incyte

2017-11-07 cnbc
Incyte Corporation: "No. Let Incyte run. I mean, look, it's been a discouraging one, but a lot of these have been. Celgene's been discouraging. Don't give up the ship." (36-0)

Why HP Inc. (HPQ) Is A Strong Value Stock

2017-11-07 zacks
In today’s investing world, especially among retail investors, searching for growth stocks seems to have become paramount. The rise of tech powers like Facebook (FB - Free Report) and Netflix (NFLX - Free Report) only furthers this push to find companies that could jump from a small venture-funded firm to a $500 billion behemoth. (211-0)

Should You Buy Square (SQ) Ahead of Earnings?

2017-11-07 zacks
As Q3 earnings season starts to wrap up, investors are already starting to reflect on what has been a remarkable stretch of strong reports, especially in the tech sector. However, there are still a few market-moving tech companies left to announce their latest results, including mobile payments giant Square, Inc. (SQ - Free Report) . (58-0)

Beyond Tesla: 2 Lithium Stocks to Buy Now

2017-11-07 zacks
While the market for Lithium-ion (Li-ion) batteries has a ton of untapped potential, Tesla Inc.’s (TSLA - Free Report) decision to build a $5 billion Gigafactory to meet its requirement of lithium-ion battery packs brought glaring focus on the shortage of supply of this emerging energy storage technology. (44-0)

Bleak AMC Outlook Sends Movie Theater Stocks Falling

2017-11-07 zacks
Shares of AMC Entertainment Holdings (AMC - Free Report) plummeted to a new 52-week low in premarket market trading on Tuesday after the company reported a third-quarter net loss and updated its 2017 guidance, which painted a similarly bleak picture. The rest of the domestic movie theater industry fell following the announcement. (46-0)

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