- Best Insurance stock – AIG insurance stock rating overweight by Evercore Partners : American International Group (NYSE: AIG)‘s stock had its “overweight” rating restated by analysts at Evercore Partners in a research report issued to clients and investors on Tuesday. They currently have a $40.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of American International Group in a research note to investors on Wednesday, January 16th. They now have a $45.00 price target on the stock. Separately, analysts at FBR Capital initiated coverage on shares of American International Group in a research note to investors on Thursday, January 10th. They set an “outperform” rating and a $44.00 price target on the stock. Finally, analysts at Wells Fargo downgraded shares of American International Group from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 10th.Twelve research analysts have rated the stock with a buy rating, one has issued an overweight rating, and nine have issued a hold rating to the company. The stock has a consensus rating of “overweight” and an average target price of $40.43.American International Group traded up 1.11% on Tuesday, hitting $35.48. American International Group has a 1-year low of $24.66 and a 1-year high of $37.67. The stock’s 50-day moving average is currently $34.89. The company has a market cap of $52.379 billion and a price-to-earnings ratio of 2.42.American International Group last issued its quarterly earnings data on Thursday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.12. Analysts expect that American International Group will post $3.77 EPS for the current fiscal year.American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries.
- OK, so you have been through your rash driving phase in life and now drive very carefully. But can you ensure that everyone on the road is driving safely – unfortunately NO. There can be surprises and some of them might be unpleasant – why take chances when you have options. Not many flight accidents happen – but they do happen and there are passengers who get affected – you may also be one of them. At a small cost when you can ensure that your family is well taken care of, why not do it. There is nothing worse than you leaving your family in dire circumstances when you could have secured them at a small cost every year. Secure your family future with life insurance. Go in for the cheapest type of life insurance that has a high enough cover. This holds true for health insurancealso. Take adequate amount of health insurance so that your family can afford the best medical treatment available. Compare cheap insurance plans at MyInsuranceClub.com
- best insurance stocks today – Insurance stock focus today AIG, HIG shares : Financial Sector of Property & Casualty Insurance Industry stocks are in focus, as its stocks were gaining high volume during the previous trade. American International Group, Inc. (NYSE:AIG) remained a top volume gainer in its industry and was showing a negative trend during the previous trading session. Also, Hartford Financial Services Group Inc (NYSE:HIG) was in focus of investors and it was showing bearish movement during the previous trade.
American International Group, Inc. (NYSE:AIG) reported that, for the fourth quarter of 2012, a net loss of $4.0 billion, or $2.68 per diluted share, in comparison to the prior year same quarter net income of $21.5 billion, or $11.31 per diluted share. Net income was $3.4 billion, or $2.04 per diluted share, for the fiscal year 2012 versus the fiscal year 2011 of $20.6 billion, or $11.01 per diluted share.
Financial Sector stock, American International Group, Inc. (NYSE:AIG) reported the plunge of -3.62% and closed at $37.06 with the total traded volume of 26.91 million shares. The stock’s opening price was $38.89. The company has a total of 1.48 billion outstanding shares and its total market capitalization is $54.71 billion.
52-week price range of the stock remained $27.18 – $39.90, while during last trade its minimum price was $36.86 and it gained its highest price of $38.93.
Hartford Financial Services Group Inc (NYSE:HIG) declared for the fourth quarter 2012, a net loss of $46 million, or $0.13 per diluted share, in comparison to the prior year same duration net income of $118 million, or $0.23 per diluted share.
Property & Casualty Insurance company showing negative momentum during previous trade, Hartford Financial Services Group Inc (NYSE:HIG) reported the decline of -4.32% after opening at the price of $24.29, while its closing price for the day was $23.05.
HIG’s total trading volume for the day was 8.92 million shares, versus its average volume of 5.65 million shares. Company’s current market capitalization stands at $10.20 billion along with 442.50 million shares.
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- best life insurers in Canada 2012 – There are many life insurers in Canada, but only those with the highest revenue, premium income, profits and asset value make the Top 20 in the country. According to the June 2012 issue of Financial Post Business Magazine, number 20 is:Penncorp Life Insurance Company. Penncorp specializes in disability insurance for Canada’s blue and grey collar self-employed individuals. The company just squeaked into the list with $132.6 million in revenue, $78 million in premium revenue, $11 million in profit and $474 million in assets.Blue Cross, Assumption Life and Primerica Life sit at 17, 18 and 19 respectively, while Equitable Life is just outside of the top 15. At the midpoint of number 15 sits BMO Life Assurance with $1,041,664,000 in revenue, $760,332,000 in premium income, $14,209,000 in profit and $5,390,191,000 in assets. Transamerica Life, The Co-operators, Rga Life Reinsurance Company of Canada and Foresters Life Insurance sit just outside the top 10 at 14, 13, 12 and 11.Once the top 10 is cracked, you start to see the country’s real major players in the insurance game. At ten sits Empire Life, which offers a range of individual life insurance products, as well as critical illness, group benefits and various wealth management options. They earned their spot by posting $1,557 billion in revenue, $758 million in premium income, $25.7 million in profit and over $10 billion in assets.Number nine gives us La Capitale Civil Service Mutual, which reported $1,666,822,000 in revenue, $1,353,612,000 in premium income, $50,496,000 in profits and $4,327,508,000 in assets. La Capitale is a Quebec-based life insurer with a 70-year history there and has now gone national.The eighth spot held by the life insurance division of the RBC Financial Group, RBC Insurance. It earned that with $1,727,154,000 in revenue. $1,108,977,000 in premium income, $39,317,000 in profit and $7,527,043 in assets. Just ahead, at seven, is a Quebec-based provider called Societe D’assurance-Vie Inc. with $2,089,300,000 in revenue, $1,906,700,000 in premium income, $40,500,000 in profit and $2,910,100,000 in assets.Standard Life is just outside the top five. The company has a 95% customer retention rate, proving that its customer service is among the best in the industry. They have many solutions when it comes to insurance, whether the focus is on protection or investment. One of their products, Perspecta Universal Life Insurance, offers the insured both asset protection and investment growth, while serving as a tax sheltering tool for families and businesses as well. For the sixth spot, Standard Life posted $3,333,538,000 of revenue, $932,377,000 of premium income, $243,678,000 of profit and $21,881,402,000 in assets.The top five starts with Desjardins Financial Security, which used to be ranked fourth, but has dropped to fifth since then. However, they are ranked first among Canadian health and life insurance providers in Quebec. Their fifth place finish was earned with $5,264,900,000 in revenue, $3,271,500,000 in premium income, $225,500,000 in profit and $18,272,800,000 in assets.Replacing Desjardins in fourth spot is Industrial Alliance. One of the 100 largest companies in Canada, this provider is known for a specialized product called the Peek-a-Boo, which is specially designed for newborn babies residing in Canada and protects against any unexpected accidents. It comes free of charge for the first year, so parents are not burdened with any initial cost. They posted $8,037,000,000 in revenue, $4,992,000,000 in premium income, $141,000,000 in profit and $37,441,000,000 in assets.In the top three there are no surprises, you start seeing the largest insurance companies in the country. In third place sits Sun Life Financial, a company that is so big, they claim that one in five Canadians have had business relations with them. Their huge organization put up $22,581,000,000 in revenue, $9,314,000,000 in premium income, $193,000,000 in profit and $218,027,008 in assets.Just missing the title, in second place, is Great-West Lifeco. One of the most interesting products within their retirement and investment planning division is the Residential Mortgage where customers are offered tailored products by the team’s mortgage planning specialists. Mortgage life insurance enables you to add life insurance to your mortgage. Their second place finish is because of their $29,898,000,000 in revenue, 17,293,000,000 in premium income, $2,118,000,000 in profits and $238,768,000,000 in assets.Finally, in top spot as the Top Life Insurer in Canada is Manulife Financial. This is no shock, as the company’s presence is global and they are renowned for their financial strength as a company and their extensive product portfolio that covers every corner of the insurance industry. The title was awarded to them, thanks to their $50,983,000,000 in revenue, $17,504,000,000 in premium income, $218,000,000 in profit and $462,102,016,000 in assets.
- It can be a great tool to ensure that you receive bulk amounts at pre-determined times of your lives or your children’s lives. So lets say, you know there is an expense which you would have to incur for your child’s higher studies, 15 years from now. So take an insurance plan which matures 15 years from now. It could be an aggressive investment plan or a plan which is more in debt instruments – the returns might be lower – but they are more certain for sure.
- RBS Direct Line Insurance stock down today : The shares of Royal Bank of Scotland (LSE: RBS ) (NYSE: RBS ) slipped 1 pence to 305 pence during early London trade this morning after the bank announced late last night that it would sell more shares in Direct Line Insurance (LSE: DLG ) .
Direct Line’s shares fell 4 pence, or 2%, to 206 pence during early trading, indicating RBS could raise about 470 million pounds from the disposal. The sale would take RBS’s remaining stake in Direct Line to just below 50%.
RBS said the process could involve selling a further 22.9 million shares depending on sufficient institutional demand.
RBS is essentially a forced seller of Direct Line, having agreed to dispose of the insurer as part of the commitment made to the European Commission following the bank’s taxpayer-funded bailout.
RBS sold 35% of Direct Line at 175 pence a share last year via a flotation and must sell the remainder before the end of 2014.
Within its annual results last month, Direct Line declared a maiden 8 pence per share dividend and implied the payout could have been 12 pence per share had the business operated separately from RBS throughout all of 2012.
Direct Line’s results also showed underlying net earned premiums falling 5% to 3.7 billion pounds and underlying operating profits advancing 9% to 461 million pounds.
Based on those results, Direct Line is valued at less than 10 times profits and offers a possible 5.8% dividend income.
Of course, whether that 5.8% income, RBS’s decision to sell more shares — as well as the general outlook for the insurance industry — actually combine to make Direct Line a buy remains your decision.
However, if you already own Direct Line shares and are looking for another dividend opportunity, this exclusive in-depth report reviews a solid income possibility within the FTSE 100.
Indeed, the blue chip in question offers a 5.7% income, might be worth 850 pence versus around 700 pence now — and has just been declared the “Motley Fool’s Top Income Stock For 2013!”