55.18 -0.02 (-0.04%)
After hours: 4:00PM EDT
|Bid||54.90 x 400|
|Ask||55.49 x 400|
|Day's Range||54.83 - 55.37|
|52 Week Range||52.42 - 67.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.28 (2.40%)|
|1y Target Est||N/A|
Prudential Financial’s (PRU) 4Q17 results were boosted by the Tax Cuts and Jobs Act. During the quarter, it had EPS (earnings per share) of $2.69, while peers (XLF) MetLife (MET), American International Group (AIG), and The Hartford (HIG) had EPS of $0.64, $0.57, and $0.81, respectively.
Prudential Financial’s (PRU) individual annuities segment’s adjusted operating income rose by $119 million to $541 million in 4Q17 from $422 million in 4Q16. However, this amount includes the impact of significant items. If this impact is excluded, its operating income rose $103 million, boosted by policy fees.
Prudential Financial (PRU) has a positive outlook for its 2017 results. Wall Street analysts’ high and low EPS (earnings per share) estimates for Prudential are $3.10 and $2.61, respectively, for 1Q18. Their average estimate of $2.97 implies a quarter-over-quarter and year-over-year rise. In comparison, peers (XLF) American International Group (AIG), MetLife (MET), and The Hartford (HIG) are expected to post EPS of $1.28, $1.17, and $1.09, respectively, in the March 2018 quarter.
The insurer currently writes business in Europe from UK-based insurance company AIG Europe Ltd, and has branches across the European Economic Area and Switzerland. AIG said it would transfer AIG Europe Ltd's existing insurance business to the UK and Luxembourg units.
American International Group Inc said it has formed two new entities in Luxembourg and the UK to ensure little disruption to the company's insurance coverage in Europe when Britain exits the European Union. The insurer currently writes business in Europe from UK-based insurance company AIG Europe Ltd, and has branches across the European Economic Area and Switzerland.
The Trump administration has initiated a trade war with its allies and China by levying duties on imported goods in order to protest unfair trade practices. President Donald Trump has indicated that he will prolong the war until China opens up to the import of goods and services and doesn’t resort to controlled currency strategy in order to boost exports. In the initial round of levying duties, China has countered the United States with 25% import duties.
As the broad markets (SPY) fell from their peaks in January 2018, analysts reviewed their price targets. Among major conglomerates and managers (XLF), Berkshire Hathaway (BRK.B) has a next-12-month price target of $349,000, implying a potential rise of 19.0% from its current price. Three out of five analysts have given Berkshire “buy” ratings, and the remaining two have given it “hold” ratings.
The Zacks Analyst Blog Highlights: General Dynamics, Verizon Communications, American International Group, Humana and eBay
In this article, I’m going to take a look at American International Group Inc’s (NYSE:AIG) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subjectRead More...
The insurance sector (IYF) has seen underwriting losses in 2H17 mainly due to higher claims resulting from hurricanes and other calamities. This has led to higher insurance revenues for many companies, including Berkshire Hathaway (BRK.B). Underwriting losses will largely depend upon claims arising in the upcoming quarters.
In 1Q18, Berkshire Hathaway (BRK.B) is expected to post EPS (earnings per share) of $3,115, a rise of 44% on a YoY (year-over-year) basis aided by lower taxes, targeted efficiencies in BNSF, and an expected decline in claims from its insurance business. Berkshire is expected to see a 9.9% fall in its top line to $58.7 billion in 1Q18 due to subdued growth in underwriting fees and the services sector. In 4Q17, Berkshire posted EPS of $2,029, which were affected by underwriting losses and the subdued performance of its energy subsidiary.
Hartford Financial's (HIG) efforts to check cyber threats are likely to bring improvement to the company's operating efficiency.
A decade ago, Delta and Northwest struck a deal to merge, setting off a decade of consolidation in the industry.
As it is more difficult for US insurers to grow organically, mid-cap insurers are joining forces to grab market share.
Prospects of merger & acquisition (M&A) activity and changes to cumbersome financial regulations are turning 2018 into The Year of the Financial Stock.
White Mountains is expected to fund the acquisition with cash, as well as with new debt issued by NSM Insurance Group, a company that previously attracted investment from private-equity firm Abry Partners ...
American International Group paid its new chief executive Brian Duperreault $43.1 million (£30.5 million) last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the compensation of former leader Maurice "Hank" Greenberg, had previously outlined the components of Duperreault's pay but not the total figure. Excluding one-time components, Duperreault earned $14.9 million after rejoining AIG in May, according to the company's annual proxy filing to the U.S. Securities and Exchange Commission.
American International Group paid its new chief executive Brian Duperreault $43.1 million last year, a securities filing showed on Tuesday. AIG, which during the financial crisis faced questions over the ...
American International Group Inc. paid $67.3 million to its chief executive officers in 2017, with part of the payment going to a man who resigned under pressure early in the year and another portion to attract his successor. In March 2017, former Chief Executive Peter Hancock stepped down under pressure from activist investors as his turnaround plan suffered setbacks. Mr. Duperreault, who ran three other firms before being recruited by AIG last year, racked up $43.1 million in compensation for 2017, according to AIG’s newly filed proxy.
American International Group Inc. awarded Brian Duperreault a $43.1 million pay package last year after he took over as the insurer’s chief executive officer.