Company Overview and News
The largest five individual stock positions are Cisco Systems, Berkshire Hathaway, Baidu Inc., Johnson & Johnson, and Alphabet, and they account for ~44% of the portfolio. (558-0)
Berkshire Hathaway increased Apple, Monsanto, and Synchrony Financial while reducing International Business Machines and Charter Communications. (573-4)
Manulife Financial Corporation (MFC - Free Report) reported third-quarter 2017 core earnings of $0.9 billion (C$1.1 billion), up 9% year over year. The quarter witnessed double-digit core earnings and new business value growth in Asia and emerges as the 31st straight quarter of positive net flows in global Wealth and Asset Management business. (12-0)
Primerica, Inc. (PRI - Free Report) reported third-quarter 2017 operating income of $1.46 per share, beating the Zacks Consensus Estimate of $1.37 by nearly 6.6%. Also, the bottom line improved 19% year over year. The quarter witnessed solid results at both Term Life Insurance and Investment and Savings Products. Share buybacks too offered an additional upside to the bottom line. (36-0)
LONDON, UK / ACCESSWIRE / November 6, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Torchmark Corp. (NYSE: TMK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TMK, following the Company's disclosure of its financial results on October 24, 2017, for the third quarter fiscal 2017 (Q3 FY17). The McKinney, Texas-based Company's quarterly EPS from continuing operations grew 7% y-o-y, outperforming market consensus estimates. (17-0)
Good day. And welcome to the Torchmark Corporation Third Quarter 2017 Earnings Release Conference Call. Today's conference is being recorded. For opening remarks and introductions, I would like to turn the conference over to Mike Majors, VP, Investor Relations. Please go ahead.
The third-quarter earnings season is gaining pace with 17.4% members of the elite S&P 500 Index having reported solid quarterly numbers so far. The Finance sector (one of the 16 Zacks sectors) has delivered a strong performance till now. About 50.7% of the sector’s market cap in the S&P 500 index that have reported results so far shows 7.8% earnings growth on 3.3% increase in revenues, both on a year-over-year basis. (3-0)
The Travelers Companies, Inc. (TRV - Free Report) is slated to report third-quarter 2017 results on Oct 19, before the market opens. Last quarter, the company delivered a negative earnings surprise of 7.25%. Let’s see how things are shaping up for this announcement. We expect a high level of losses arising from catastrophic events like Hurricanes Harvey, Irma and Maria and Mexico earthquakes. These calamities are likely to leave a significant impact on the underwriting results of the company, which in turn is anticipated to weigh heavily on the property and casualty (P&C) insurer’s overall performance. (16-0)
We expect Progressive Corporation (PGR - Free Report) to surpass expectations in third-quarter 2017 results before the opening bell on Oct 17. Why a Likely Positive Surprise? Our proven model shows that Progressive has the right combination of two key ingredients to beat estimates. Zacks ESP: Progressive has an Earnings ESP of +2.14%. This is because the Most Accurate estimate of 41 cents per share is pegged higher than the Zacks Consensus Estimate of 40 cents. (84-0)
MCKINNEY, Texas, Oct. 4, 2017 /PRNewswire/ -- Torchmark Corporation (NYSE: TMK) will release Third Quarter 2017 earnings after the market closes on Tuesday, October 24, 2017. At that time a copy of the Company's Q3-2017 earnings press release and any other financial and statistical information about the quarter will be available on the Company's website at www.torchmarkcorp.com on the Investors page. (2-0)
Manulife Financial Corporation (MFC - Free Report) has offered $588.5 million (C$750 million) of 3.049% fixed or floating subordinated debentures that are scheduled to mature on Aug 20, 2029. The offering is anticipated to be completed by Aug 18, 2017. The debentures will bear a fixed interest rate of 3.0% till Aug 20, 2024 and thereafter a rate of 1.1% for the three months at Canadian dollar offer rate.
Berkshire Hathaway increased Bank of New York Mellon, General Motors, and Liberty Sirius XM, while reducing International Business Machines.
The largest five individual stock positions are Cisco Systems, Berkshire Hathaway, Johnson & Johnson, Baidu, and Alphabet, and they account for ~43% of the portfolio.
LONDON, UK / ACCESSWIRE / August 7, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Torchmark Corp. (NYSE: TMK), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TMK, following the Company's release of its second quarter fiscal 2017 (Q2 FY17) on July 26, 2017. The McKinney, Texas-based Company's quarterly EPS from continuing operations grew 7% y-o-y, outperforming market consensus estimates.
If you want a Stock Review on MFC, TMK, AEG, or AEL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Today's research on DailyStockTracker.com is centered on the Life Insurance industry, which includes firms that provide the financial means to preserve one's way of life, or that of his/her family, in the event of an accident, serious illness, or even death.
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