Prudential Financial, Inc.
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Is This Newly Traded Insurance Company a Good Buy?
By Anh HOANG - May 24, 2013 | Tickers: VOYA, MET, PRU
Recently, I have come across the newly traded life insurer, ING U.S. (NYSE: VOYA), which was spun off from ING. What makes this spinoff interesting is the fact that ING has to gradually sell ING U.S. even if it does not want to do so. In order to receive the capital injection from the Dutch government in 2008, ING was forced to restructure itself, including the sale of more »
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Investment Ideas From Appaloosa Management’s 13F Filing
By Aubrey Tabuga - May 23, 2013 | Tickers: CMCSA, MET, PRU, RIG
The biggest items in Appaloosa Management’s shopping cart in the latest quarter are Comcast (NASDAQ: CMCSA), Transocean (NYSE: RIG), Prudential Financial (NYSE: PRU), and MetLife (NYSE: MET). The portfolio of this one-time Hedge Fund Firm of the Year based on the latest 13F filing may not necessarily be reflective of its most recent position. By the time the filings reach the SEC, the hedge fund may have already shorted more »
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Three Reasons to be Bullish About Genworth Financial
By Anh HOANG - May 22, 2013 | Tickers: GNW, MET, PRU
I have been bullish about Genworth Financial (NYSE: GNW) since the end of 2012. For the past five months, Genworth has experienced a significant rise of more than 45.6% on the market. Interestingly, this insurance company is in the portfolios of many successful investors, including John Paulson, Bruce Berkowitz, Ray Dalio and Jeremy Gratham. There are three reasons that I still like this insurance company even after its recent more »
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Time to Get Insured?
By Marshall Hargrave - May 14, 2013 | Tickers: GNW, LNC, MFC, PRU
Prudential Financial (NYSE: PRU) was up 11% over the past week after first quarter operating earnings surpassed consensus and year ago results. Could this be a sign of things to come for other insurers?
Prudential is a financial services company, with operations in the United States, Asia, Europe and Latin America. Through its subsidiaries and affiliates, the insurer offers an array of financial products and services, including life insurance, annuities more »
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3 Undervalued Companies That Deserve Your Attention
By Daniel Paterson - April 22, 2013 | Tickers: AEG, GLW, PRU
With the market firing on all cylinders and the indices hitting new all time highs on what seems like a weekly basis, there might be some cause for concern that the market is overvalued. If you are leaning towards this inclination, you may be more likely to hold your cash in a low interest savings account instead of taking a plunge into the market, and I believe you would be more »
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Why These Insurance Stocks Are the Best Bets
By Shweta Dubey - April 15, 2013 | Tickers: MET, PRU, SLF
The various economic pressures in recent times marked a tough period for the insurance companies to generate profits organically. The companies were challenged to increase their market share, and were forced to resort to mergers and acquisitions to tap international growth.
These opportunities should help them grow globally in terms of earnings and market share. Discussed below are three insurance stocks which are heavily focusing on expansion via mergers and more »
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Will the Insurance Giants Survive the Japanese Tsunami?
By Adnan Khan - April 14, 2013 | Tickers: AFL, AIG, GNW, MET, PRU
The first quarter of the current year saw a few events that had significant impact on the operating performances of the US life insurance giants. In this article you will see how the events impacted different insurers and what analysts are expecting the insurers will report at the end of the first quarter of the current year.
What Happened During 1Q13?
Some of the events include the negative impact from more »
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3 Undervalued Companies that Deserve your Attention
By Daniel Paterson - April 6, 2013 | Tickers: AEG, GLW, PRU
With the market clicking on all cylinders and the indices hitting new all time highs on what seems like a weekly basis, there might be some cause for concern that the market is overvalued. If you are leaning towards this inclination, you may be more likely to hold your cash in a low interest savings account instead of taking a plunge into the market and I believe you would be more »
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Financial Firm Making Big Changes
By Mike Thiessen - April 4, 2013 | Tickers: GNW, PL, PRU
Genworth Financial (NYSE: GNW) announced it will divest its wealth management business on Wednesday, March 27. A partnership of Aquiline Capital Partners and Genstar Capital will pay $412.5 million in a deal expected to close in 2H13. Genworth stated that it will book an after tax loss in the neighborhood of $40 million with $35 million of that amount booked in 1Q13 and the remainder at the close of more »
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Financial Firm Making Big Changes
By Mike Thiessen - April 2, 2013 | Tickers: GNW, PL, PRU
Genworth Financial (NYSE: GNW) announced it will divest its wealth management business on Wednesday, March 27. A partnership of Aquiline Capital Partners and Genstar Capital will pay $412.5 million in a deal expected to close in 2H13. Genworth stated that it will book an after tax loss in the neighborhood of $40 million with $35 million of that amount booked in 1Q13 and the remainder at the close of more »
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Long-Term Care Insurers off to Fast Start in 2013
By Jesse Slome - March 22, 2013 | Tickers: AEG, GNW, MFC, MET, PRU, UNM
Compared to 2012, leading long-term care insurance companies recorded increases of 30%-55% in applications submitted during the first two months of the year.
According to the findings of a study released this week by the American Association for Long-Term Care Insurance, January and February were busy months for insurers. The organization based their report on data representing nearly 30,000 individual long-term care insurance policies submitted during the first more »
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Developments in Southeast Asian Insurance
By Peter Pham - March 9, 2013 | Tickers: HBC, EWH, MFC, PRU
During the last 5 years the South East Asians are increasingly coming to understand the merits of insurance. Thus, multinational insurance companies are now becoming more confident to make huge investments in these emerging SE Asian Markets. For instance, AIA Group (1299.HK), Manulife (NYSE: MFC) and Prudential PLC (NYSE: PRU) are now competing for mid-size acquisitions in the South East Asian region totaling up to $1 billion. And there more »
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Dominance For One Financial Firm
By Tyler Wofford - March 1, 2013 | Tickers: IVZ, LM, MET, PRI, PRU
Primerica Financial Services (NYSE: PRI) distributes financial products (life insurance, mutual funds, debt elimination) to the underserved middle class in the U.S., Canada, Puerto Rico, and Spain. Yes, the company only has a market cap of $1.8 billion, but recently joined the Standard & Poor's Mid Cap 400 index. Primerica has partnered with many companies from the time it was founded in 1977, but is its future as more »
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This Insurance Giant Beats Analyst Expectations
By Adnan Khan - February 15, 2013 | Tickers: MET, PRU
Metlife (NYSE: MET), with a history of over 140-years has grown to become a leading global insurance provider to over 90 million customers in over 50 countries. Besides holding leading market positions in the US, it has large presence in Japan, Latin America, Asia Pacific, Europe and Middle East. For the purpose of reporting, the company is divided into six segments; Insurance Products, Retirement Products, Corporate Benefit Funding and Auto more »
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This Insurer Belongs in Your Portfolio
By Matthew Frankel - February 15, 2013 | Tickers: AFL, HIG, PRU
AFLAC (NYSE: AFL) is the number one provider of worksite insurance in the United States, and their products are marketed at worksites and on TV (everyone knows the duck), intended to fill gaps in primary coverage. What a great deal of American investors don’t realize is that AFLAC is also the number one issuer of individual insurance policies in Japan, with over 50 million customers. In fact, about 80 more »
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News Flash: Market Near All Time Highs, Watch Out
By Reuben Brewer - February 1, 2013 | Tickers: ABX, GFI, PRU, RDS-B, TOT
On Friday January 25th, The New York Times sent out a “Breaking News Alert.” It seems that the S&P 500 “...ended trading Friday above 1,500, just 5 percent shy of the record high of 1565.15 hit in 2007.” The newspaper describes investors as pouring money into stocks because they are “more afraid of missing out than of misreading Wall Street again.” Unless this time is different, investors should be frightened by this kind of breaking news.
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Pension Funding Is an Increasingly Important Issue
By Reuben Brewer - January 29, 2013 | Tickers: T, F, GE, PRU
Dow-30 member AT&T (NYSE: T) recently announced that it had to take a one-time write off of $10 billion to shore up its employee pension plan. That's a big number and investors shouldn't just let this issue slide as a one-off event. In fact, more and more companies are likely to be in AT&T's predicament, so investors need to pay close attention.
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5 Insurance Companies With Attractive Dividends
By Robert Ciura - January 25, 2013 | Tickers: AFL, MCY, MET, PRU, TRV
Editor's Note: The original article references Prudential's annual dividend payment. As of Nov. 7, Prudential resumed their quarterly dividend payment schedule. This article has been updated.
Insurance companies enjoy a two-sided business model: they earn cash from premiums paid on the policies they write and then again through investing the large pools of their accumulated capital. Many insurance companies are trading at attractive price-to-earnings and price-to-book valuations that more »
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A Decent Move for This Insurance Company
By Anh HOANG - January 25, 2013 | Tickers: GNW, MET, PRU
Genworth Financial (NYSE: GNW) just popped as much as 14% in one trading day right after announcing its plan to separate the mortgage insurance business. I personally considered Genworth as a mis-priced insurance company, which had a near-term upside potential. The plan might be initiated by Thomas J. McInerney, who was recently appointed to be a President and CEO last month. Should investors get excited about the business separation plan more »
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Don't Miss These Insurers for Big Gains Ahead
By vikash agarwal - January 25, 2013 | Tickers: GNW, MET, PRU
According to a Swiss Re study, life insurance premiums are predicted to rise by approximately 3% in 2013 which could help the insurance companies to generate robust results. The insurance market in Asia and Latin America are quite developed so the life insurance companies are focusing on countries like India and Brazil that has great growth potential. The growing population coupled with the lack of health protection for individuals in more »
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