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ATH

Athene Holding

$39.91

-0.99 (-2.42%)

, LNC

Lincoln National

$56.38

-1.32 (-2.29%)

08:12
12/10/18
12/10
08:12
12/10/18
08:12

Athene announces block reinsurance transaction with Lincoln National

Athene Holding (ATH) has announced nearly $1B of combined capital deployment through a block reinsurance transaction with Lincoln Financial Group and a new share repurchase authorization. Athene's subsidiary, Athene Life , has entered into a reinsurance agreement with The Lincoln National Life Insurance Company, a subsidiary of Lincoln Financial Group (LNC). Under the agreement, ALRe agreed to reinsure an 80% quota share of a $9.6B in-force block of fixed deferred and fixed indexed annuities on a modified coinsurance basis. In total, approximately $7.7B of statutory reserves will be ceded to ALRe, supported by a diversified portfolio of assets. Lincoln will continue to service and administer the in-force policies within the block. In order to consummate the transaction, Athene has deployed approximately $700M of capital in aggregate, which includes capital to support the block and a ceding commission paid by ALRe. The transaction was dated on December 7, 2018 with an effective date of October 1, 2018. The transaction is expected to be accretive to the company's 2019 adjusted operating income per share. At a later date, ALRe may elect to cede a minority share of the liabilities from this transaction to an affiliate.

ATH

Athene Holding

$39.91

-0.99 (-2.42%)

LNC

Lincoln National

$56.38

-1.32 (-2.29%)

  • 11

    Dec

  • 12

    Dec

ATH Athene Holding
$39.91

-0.99 (-2.42%)

10/03/18
BOFA
10/03/18
INITIATION
Target $67
BOFA
Buy
Athene Holding reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Ian Ryave reinstated Athene with a Buy and $67 price target citing above average earnings growth, underappreciated competitive advantages, and valuation.
09/21/18
UBSW
09/21/18
NO CHANGE
Target $75
UBSW
Buy
Athene Holding reiterated as top pick at UBS
UBS analyst John Nadel attended the Athene investors day and concluded consensus estimates are too low, valuation is cheap, its balance sheet is high quality, organic growth is robust, and the company has a deep and strong management team with which to execute. Nadel reiterated his Buy rating and $75 price target on Athene shares.
09/21/18
KBWI
09/21/18
NO CHANGE
Target $68
KBWI
Outperform
Athene Holding price target raised to $68 from $64 at Keefe Bruyette
Keefe Bruyette analyst Ryan Krueger raised his price target for Athene Holding to $68 saying the company's analyst day was "constructive." Athene highlighted its "strong" organic/inorganic growth opportunities, earnings momentum and durable balance sheet, and its relationship with Apollo, Krueger tells investors in a research note. The analyst reiterates an Outperform rating on the shares.
08/06/18
MSCO
08/06/18
NO CHANGE
MSCO
Boeing, Tesla, Nvidia make Morgan Stanley 'key man risk' list
Morgan Stanley equity strategist Mark Savino noted that about 12% of CEO jobs among S&P 500 companies turned over in 2017, noting that this was the highest level of CEO departures since before the financial crisis. The 59 stocks of S&P 500 companies that had CEOs depart in 2017 underperformed the market by 11% over the next 12 months, or since the departure for instances that were less than 12 months ago, noted Savino. In cooperation with the firm's U.S. analysts, Savino and his team identified the companies in each sector they believe face the greatest level of "key man risk," which includes: Boeing (BA), Tesla (TSLA), ADT Inc. (ADT), Moody's (MCO), TransUnion (TRU), Arista Networks (ANET), Church & Dwight (CHD), Coca-Cola (KO), Monster Beverage (MNST), Coupa Software (COUP), Salesforce (CRM), FireEye (FEYE), MongoDB (MDB), Microsoft (MSFT), New Relic (NEWR), XPO Logistics (XPO), Hilton (HLT), Las Vegas Sands (LVS), Best Buy (BBY), Ulta (ULTA), Aflac (AFL), Athene Holding (ATH), Lincoln National (LNC), Arthur J. Gallagher (AJG), Chubb (CB), Amazon.com (AMZN), Activision Blizzard (ATVI), Facebook (FB), Alphabet (GOOGL), Apple (AAPL), Terex (TEX), Cleveland-Cliffs (CLF), Freeport McMoRan (FCX), FleetCor (FLT), Global Payments (GPN), Square (SQ), Jazz Pharmaceuticals (JAZZ), Cheesecake Factory (CAKE), Broadcom (AVGO), Nvidia (NVDA), Chegg (CHGG), DXC Technology (DXC), Medidata (MDSO), Pluralsight (PS), RealPage (RP), Shopify (SHOP) and T-Mobile (TMUS).
LNC Lincoln National
$56.38

-1.32 (-2.29%)

11/05/18
KBWI
11/05/18
UPGRADE
Target $80
KBWI
Outperform
Lincoln National upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Ryan Krueger upgraded Lincoln National to Outperform with a price target of $80. The company is producing "consistent" results while trading at a discount, Krueger tells investors in a research note.
10/03/18
JPMS
10/03/18
NO CHANGE
JPMS
JPMorgan sees attractive risk/rewards for life insurance stocks
Life insurance stocks offer attractive risk/reward profiles at current share levels, JPMorgan analyst Jimmy Bhullar tells investors in a research note. The analyst, who's been cautious on the sector for the past two years, says that while his fundamental view "remains mixed," the macro environment has improved, investor sentiment has become negative, and valuation levels are more reasonable following the group's significant underperformance. He maintains Overweight ratings on Aflac (AFL), Lincoln National (LNC), and Prudential (PRU) and reiterates his negative stance on Brighthouse Financial (BHF).
09/10/18
GSCO
09/10/18
UPGRADE
Target $70
GSCO
Neutral
Lincoln National upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Alex Scott upgraded Lincoln National to Neutral and raised his price target for the shares to $70 from $69. The analyst, who is now more constructive on life insurers, sees less headwinds from net outflows in the company's variable annuity business. Further, he believes Lincoln's transaction with Liberty Mutual is improving margins faster than expected.

TODAY'S FREE FLY STORIES

SG

Sirius International Insurance Group

$7.75

0.4 (5.44%)

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CRWD

Crowdstrike

$51.35

4.34 (9.23%)

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CrowdStrike Holdings call volume above normal and directionally bullish »

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  • 05

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QGEN

Qiagen

$32.98

0.72 (2.23%)

, TMO

Thermo Fisher

$298.97

2.89 (0.98%)

15:43
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15:43
Hot Stocks
Qiagen shares surge as Thermo Fisher reportedly weighs purchase »

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QGEN

Qiagen

$32.98

0.72 (2.23%)

TMO

Thermo Fisher

$298.97

2.89 (0.98%)

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  • 02

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QGEN

Qiagen

$33.09

0.83 (2.57%)

15:39
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15:39
Hot Stocks
Breaking Hot Stocks news story on Qiagen 

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  • 07

    Dec

CTAS

Cintas

$254.89

-4.01 (-1.55%)

15:38
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15:38
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15:38
Recommendations
Cintas analyst commentary  »

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TMO

Thermo Fisher

$298.79

2.71 (0.92%)

, QGEN

Qiagen

$33.03

0.77 (2.39%)

15:35
11/13/19
11/13
15:35
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15:35
Periodicals
Thermo Fisher considering purchase of Qiagen, Bloomberg reports »

Thermo Fisher has…

TMO

Thermo Fisher

$298.79

2.71 (0.92%)

QGEN

Qiagen

$33.03

0.77 (2.39%)

03/08/13
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  • 02

    Dec

  • 07

    Dec

QGEN

Qiagen

$33.03

0.77 (2.39%)

15:34
11/13/19
11/13
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11/13/19
15:34
Hot Stocks
Breaking Hot Stocks news story on Qiagen »

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  • 07

    Dec

PUMP

ProPetro Holding

$7.49

-0.21 (-2.73%)

15:34
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Options
ProPetro Holding options imply 26.4% move in share price post-earnings »

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  • 14

    Nov

PTON

Peloton

$24.60

-0.12 (-0.49%)

15:21
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15:21
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Periodicals
Peloton said to plan cheaper treadmill, rowing machine for 2020, Bloomberg says »

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  • 14

    Nov

  • 09

    Dec

TNK

Teekay Tankers

$2.02

-0.055 (-2.66%)

15:19
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11/13
15:19
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15:19
Options
Teekay Tankers options imply 19.5% move in share price post-earnings »

Pre-earnings options…

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  • 14

    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
11/13/19
11/13
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15:16
Technical Analysis
NYSE market internals summary »

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DIS

Disney

$147.12

8.56 (6.18%)

, NFLX

Netflix

$284.22

-7.79 (-2.67%)

15:04
11/13/19
11/13
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On The Fly
Disney higher as Disney+ streaming service hits 10M subscribers after one day »

On Tuesday morning, The…

DIS

Disney

$147.12

8.56 (6.18%)

NFLX

Netflix

$284.22

-7.79 (-2.67%)

AAPL

Apple

$264.03

2.14 (0.82%)

03/08/13
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03/06/13
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  • 21

    Nov

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  • 10

    Dec

NTAP

NetApp

$60.15

0.03 (0.05%)

15:04
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Options
NetApp options imply 14.0% move in share price post-earnings »

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  • 13

    Nov

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    Dec

PDLB

PDL Community Bancorp

$13.78

-0.21 (-1.50%)

15:01
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Hot Stocks
PDL Community Bancorp to repurchase up to 878,835 shares of common stock »

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CRK

Comstock Resources

$6.86

-0.02 (-0.29%)

, CHK

Chesapeake

$0.70

0.0303 (4.52%)

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Periodicals
Jerry Jones confirms to Bloomberg that Comstock in talks for Chesapeake assets »

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CRK

Comstock Resources

$6.86

-0.02 (-0.29%)

CHK

Chesapeake

$0.70

0.0303 (4.52%)

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INST

Instructure

$50.73

2.75 (5.73%)

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Periodicals
Instructure exploring sale following activist pressure, Bloomberg says »

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  • 03

    Dec

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ILMN

Illumina

$297.27

1.39 (0.47%)

14:55
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Conference/Events
Illumina participates in a conference call with SVB Leerink »

Conference call with Dr.…

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  • 13

    Nov

CSCO

Cisco

$48.52

0.14 (0.29%)

14:49
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Options
Cisco options imply 7.1% move in share price post-earnings »

Pre-earnings options…

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  • 13

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  • 10

    Dec

LPSN

LivePerson

$34.88

-0.29 (-0.82%)

14:48
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Conference/Events
LivePerson management to meet with Jefferies »

Meeting to be held in…

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  • 14

    Nov

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    Dec

ESTA

Establishment Labs

$23.77

0.17 (0.72%)

14:46
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Conference/Events
Establishment Labs management to meet with Jefferies »

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  • 13

    Nov

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    Nov

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    Nov

CLDR

Cloudera

$8.47

-0.195 (-2.25%)

14:45
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Options
Cloudera call volume above normal and directionally bullish »

Bullish option flow…

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  • 09

    Dec

DIS

Disney

$145.75

7.19 (5.19%)

14:41
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Disney analyst commentary  »

Disney price target…

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DIS

Disney

$145.31

6.75 (4.87%)

14:38
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Hot Stocks
Disney confirms 10M sign-ups for Disney+ since yesterday's launch »

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14:35
11/13/19
11/13
14:35
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General news
Fedspeak continues Thursday, headlined by Chair Powell »

Fedspeak continues…

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