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AMP

Ameriprise

$111.96

0.69 (0.62%)

, PRU

Prudential

$85.52

0.54 (0.64%)

07:40
01/09/19
01/09
07:40
01/09/19
07:40

Barclays downgrades Life Insurance sector to Neutral from Positive

Barclays analyst Jay Gelb downgraded the U.S. Life Insurance sector to Neutral from Positive because he doubts valuations will improve in a volatile environment. A sub-3% yield on 10-year Treasuries, a flat yield curve, declining equity markets and long-term care insurance risks are viewed as factors in the "substantial de-rating of life insurer valuations," Gelb tells investors in a research note. The analyst prefers the Property and Casualty sector based on its "lower beta and less exposure to a volatile macro environment." As part of the sector rating change, the analyst upgraded Ameriprise Financial (AMP) to Overweight from Equal Weight. He also continues to see value in Prudential (PRU), Unum Group (UNM) and Lincoln National (LNC). His Underweight rated names are Brighthouse Financial (BHF) and Torchmark (TMK).

AMP

Ameriprise

$111.96

0.69 (0.62%)

PRU

Prudential

$85.52

0.54 (0.64%)

UNM

Unum Group

$31.61

0.19 (0.60%)

LNC

Lincoln National

$53.18

-0.44 (-0.82%)

BHF

Brighthouse Financial

$32.71

0.06 (0.18%)

TMK

Torchmark

$78.83

0.92 (1.18%)

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    Feb

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    Feb

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    Feb

  • 05

    Jun

AMP Ameriprise
$111.96

0.69 (0.62%)

12/20/18
SBSH
12/20/18
NO CHANGE
Target $140
SBSH
Buy
Ameriprise added to Focus List at Citi
Cit analyst Suneet Kamath added Ameriprise Financial (AMP) to his firm's Focus List. The analyst says Ameriprise and Prudential (PRU) appear the most undervalued in Life & Health Insurance based on a sum-of-the-parts analysis. He lowered his price target for Ameriprise to $140 from $161 and keeps a Buy rating on the shares.
01/02/19
SDLR
01/02/19
UPGRADE
Target $120
SDLR
Buy
Ameriprise upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst John Barnidge upgraded Ameriprise to Buy from Hold and increased its price target to $120 from $114 saying the sell-off is overdone.
01/02/19
SDLR
01/02/19
UPGRADE
SDLR
Buy
Sandler says insurance selloff overdone, ups Ameriprise, Brighthouse and MetLife
As previously reported, Sandler O'Neill analyst John Barnidge upgraded Ameriprise (AMP), Brighthouse Financial (BHF) and MetLife (MET), all to Buy from Hold, stating that the recent selloff in the insurance space has been overdone and lead to a disconnect between fundamental trends and valuations. For all three, he believes Q4 earnings will be "noisy," but followed by a realization that their underlying businesses remain intact and that their valuations are "exceedingly attractive." Also for all three companies, Barnidge noted that they have share repurchase programs in place and anticipates they would have been materially repurchasing shares during the quarter. He raised his price target on Ameriprise shares to $120 from $114, maintained his $34 price target on Brighthouse and increased his price target on MetLife to $46 from $43.
01/09/19
LEHM
01/09/19
UPGRADE
Target $135
LEHM
Overweight
Ameriprise upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Jay Gelb upgraded Ameriprise Financial to Overweight while lowering his price target for the shares to $135 from $165.
PRU Prudential
$85.52

0.54 (0.64%)

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).
11/16/18
SBSH
11/16/18
NO CHANGE
SBSH
Buy
Citi opens positive catalyst watch on Prudential
Citi analyst Suneet Kamath opened at Positive Catalyst Watch on Prudential saying he expects a "constructive" 2019 outlook call from the company on December 6. He expects Prudential to raise its near-to-intermediate term return on equity target to 13%-14% from 12%-13% and offer 2019 operating earnings per share guidance of $12.85-$13.35. Prudential trades at ~20% discounts to absolute and relative price-to-earnings ratios ahead of prior outlook calls, Kamath tells investors in a research note. He keeps a Buy rating on the shares.
01/08/19
WELS
01/08/19
INITIATION
Target $105
WELS
Outperform
Prudential resumed with an Outperform at Wells Fargo
Wells Fargo analyst Elyse Greenspan resumed coverage of Prudential with an Outperform rating and $105 price target. The analyst sees the company as a franchise name among global life insurers given its "dominant market position" in the large-case pension risk transfer business and diversified business mix. Further, the analyst views Prudential as undervalued relative to peers following the recent selloff in shares since the end of September.
UNM Unum Group
$31.61

0.19 (0.60%)

04/12/18
RHCO
04/12/18
NO CHANGE
Target $62
RHCO
Buy
Unum Group price target lowered to $62 from $69 at SunTrust
SunTrust analyst Mark Hughes lowered his price target on Unum Group to $62, citing general valuation pressure on the life insurance group. The analyst keeps his Buy rating however, noting that the favorable trend of fewer injured workers applying for government disability benefits that has been in place since 2011 has continued in Q1 and adding that the absolute number of monthly claims is down by nearly 30% in that time span.
05/03/18
RBCM
05/03/18
NO CHANGE
Target $44
RBCM
Sector Perform
Unum Group price target lowered to $44 from $54 at RBC Capital
RBC Capital analyst Mark Dwelle lowered his price target on Unum Group to $44 after its Q1 results, saying that while the earnings were in line, investors' concerns have turned to a high loss ratio in the quarter. The analyst keeps his Sector Perform rating despite the "attractive" valuation on the stock, noting that the overhang from the loss ratio will remain an overhang.
06/12/18
SBSH
06/12/18
NO CHANGE
Target $44
SBSH
Neutral
Unum Group price target lowered to $44 from $52 at Citi
Citi analyst Suneet Kamath lowered his price target for Unum Group to $44 citing greater long-term care uncertainty and potential for future related charges. While Unum's core group insurance business is attractive, it is already near peak returns, Kamath tells investors in a research note. He keeps a Neutral rating on the shares.
08/10/18
LEHM
08/10/18
DOWNGRADE
Target $42
LEHM
Underweight
Barclays double downgrades Brighthouse to Underweight on lack of catalysts
Barclays analyst Jay Gelb double downgraded Brighthouse Financial (BHF) to Underweight from Overweight and lowered his price target for the shares to $42 from $60. The analyst expects a "persistent low" return on equity profile for Brighthouse. Further, he sees a lack of potential catalysts now that the company has announced a share repurchase authorization faster than anticipated. Brighthouse's valuation is low, but other names in the space offer greater upside potential, Gelb tells investors in a research note. His Overweight-rated Life Insurance stocks include Prudential (PRU), Unum Group (UNM) and Principal Financial (PFG).
LNC Lincoln National
$53.18

-0.44 (-0.82%)

01/08/19
WELS
01/08/19
INITIATION
Target $63
WELS
Market Perform
Lincoln National resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Elyse Greenspan resumed coverage of Lincoln National with a Market Perform rating and $63 price target. The analyst thinks the stock's risk/reward is neutral given its "higher beta and market sensitivity compared to peers."
12/12/18
BMOC
12/12/18
NO CHANGE
Target $69
BMOC
Market Perform
Athene Holding price target raised to $69 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Athene Holding (ATH) to $69 and also raised his FY18 EPS view by 11c to $6.05 and FY19 view by 63c to $7.82. The analyst cites the company completing its $7.7B block reinsurance transaction with Lincoln Financial Group (LNC) - its second meaningful deal in two weeks - which he sees generating returns "near the low end" of the company's mid- to high-teens target return on deployed capital. Fotheringham also points to Athene Holdings' $250M buyback authorization, anticipating it to be 2%-3% accretive. The analyst maintains his Market Perform view on the shares, stating that while he is optimistic about its potential growth, he sees even better opportunities elsewhere in his coverage universe of large-cap banks, specialty lenders, and financial technology stocks.
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.
BHF Brighthouse Financial
$32.71

0.06 (0.18%)

10/03/18
BOFA
10/03/18
INITIATION
Target $47
BOFA
Neutral
Brighthouse Financial reinstated with a Neutral at BofA/Merrill
BofA/Merrill analyst Ian Ryave reinstated Brighthouse Financial with a Neutral and $47 price target citing valuation.
01/02/19
SDLR
01/02/19
UPGRADE
SDLR
Brighthouse Financial upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst John Barnidge upgraded Brighthouse Financial to Buy from Hold and maintained a $34 price target saying the sell-off is overdone.
TMK Torchmark
$78.83

0.92 (1.18%)

09/10/18
GSCO
09/10/18
DOWNGRADE
GSCO
Sell
Torchmark downgraded to Sell from Neutral at Goldman Sachs
Goldman Sachs analyst Alex Scott downgraded Torchmark to Sell and lowered his price target for the shares to $78 from $92. The analyst, who is more constructive on life insurers, believes declining union membership creates a deteriorating sales environment for Torchmark.
01/02/19
JPMS
01/02/19
UPGRADE
Target $88
JPMS
Overweight
Torchmark upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Jimmy Bhullar upgraded Torchmark to Overweight with an $88 price target. The analyst believes improving business trends and the recent pullback in the shares create an attractive setup.
01/02/19
JPMS
01/02/19
UPGRADE
Target $88
JPMS
Overweight
JPMorgan upgrades Torchmark to Overweight with $88 price target
JPMorgan analyst Jimmy Bhullar upgraded Torchmark to Overweight from Neutral with an unchanged price target of $88. The analyst's long-term fundamental outlook on life insurance stocks remains mixed, but he expects insurers to report improved results in 2019. This, coupled with more "downbeat sentiment and the sharp pullback in stocks," has created attractive risk/reward profiles, Bhullar tells investors in a research note. He believes Torchmark "offers the most upside among high-quality/low-beta life stocks."
03/26/18
BOFA
03/26/18
INITIATION
Target $97
BOFA
Buy
Torchmark reinstated with a Buy at BofA/Merrill
BofA/Merrill analyst Jay Cohen reinstated coverage of the U.S. Life insurance sector with a positive view, as he believes that the favorable macro backdrop, shifting product mixes, reasonable market conditions and restructuring should support solid performance for many in the sector. As part of that, he started Torchmark with a Buy rating and $97 price target.

TODAY'S FREE FLY STORIES

LBY

Libbey

$5.75

0.15 (2.68%)

18:14
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LBY

Libbey

$5.75

0.15 (2.68%)

18:13
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Libbey reports Q4 EPS (18c), two estimates 24c »

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NetEase

$232.66

3.11 (1.35%)

18:07
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NetEase

$232.66

3.11 (1.35%)

18:05
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NTES

NetEase

$232.66

3.11 (1.35%)

18:04
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Earnings
NetEase reports Q4 EPS $2.66, consensus $1.54 »

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  • 20

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LEE

Lee Enterprises

$2.61

0.01 (0.38%)

18:04
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Lee Enterprises board approves $10M stock repurchase program »

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KRNY

Kearny Financial

$13.48

-0.01 (-0.07%)

18:03
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Kearny Financial raises quarterly dividend to 6c per share from 5c »

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CPRT

Copart

$53.43

0.11 (0.21%)

18:02
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CE

Celanese

$102.65

1.71 (1.69%)

18:02
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CPRT

Copart

$53.43

0.11 (0.21%)

18:01
02/20/19
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Earnings
Copart reports Q2 EPS 55c, consensus 51c »

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WPG

Washington Prime

$5.77

(0.00%)

17:50
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  • 21

    Feb

CPA

Copa Holdings

$89.89

-0.8 (-0.88%)

, GE

General Electric

$10.10

-0.03 (-0.30%)

17:49
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Copa Airlines picks GE Aviation for digital records management »

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CPA

Copa Holdings

$89.89

-0.8 (-0.88%)

GE

General Electric

$10.10

-0.03 (-0.30%)

BA

Boeing

$421.61

5.21 (1.25%)

ERJ

Embraer

$20.52

-0.14 (-0.68%)

03/08/13
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    May

WPG

Washington Prime

$5.77

(0.00%)

17:49
02/20/19
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Earnings
Washington Prime reports Q4 AFFO 38c, one estimate 39c »

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  • 21

    Feb

RMAX

RE/MAX Holdings

$40.54

0.11 (0.27%)

17:48
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RE/MAX Holdings raises quarterly dividend 5% to 21c per share »

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MSA

MSA Safety

$100.06

-1.13 (-1.12%)

17:46
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MSA Safety reports Q4 adjusted EPS $1.27, consensus $1.27 »

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TFX

Teleflex

$286.65

4.57 (1.62%)

, PINC

Premier

$38.05

-0.03 (-0.08%)

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$286.65

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PINC

Premier

$38.05

-0.03 (-0.08%)

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AGI

Alamos Gold

$4.87

0.05 (1.04%)

17:31
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  • 21

    Feb

NTR

Nutrien

$54.43

1.075 (2.02%)

17:30
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Nutrien intends to renew share repurchase program »

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AKRX

Akorn

$4.03

-0.42 (-9.44%)

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Fresenius SE

$0.00

(0.00%)

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Akorn 'strongly contests' Fresenius' proposed amended claims »

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AKRX

Akorn

$4.03

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FSNUY

Fresenius SE

$0.00

(0.00%)

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  • 28

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  • 01

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MESO

Mesoblast

$4.28

0.13 (3.13%)

17:26
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Mesoblast reports 1H19 $44.1M loss versus 1H18 profit of $6.7M »

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  • 20

    Feb

KODK

Kodak

$3.03

-0.045 (-1.47%)

17:21
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Kodak names Jim Continenza executive chairman »

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MIC

Macquarie Infrastructure

$43.17

-0.2 (-0.46%)

17:20
02/20/19
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Macquarie Infrastructure sees FY19 EBITDA $610M-$635M vs. $601.9M last year »

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  • 21

    Feb

MIC

Macquarie Infrastructure

$43.17

-0.2 (-0.46%)

17:19
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Earnings
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  • 21

    Feb

CAKE

Cheesecake Factory

$46.42

-0.07 (-0.15%)

17:16
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Breaking Hot Stocks news story on Cheesecake Factory »

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  • 20

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CAKE

Cheesecake Factory

$46.42

-0.07 (-0.15%)

17:16
02/20/19
02/20
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Earnings
Cheesecake Factory sees Q1 adjusted EPS 58c-62c, consensus 61c »

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