Life Insurance Stocks on Investors' Radar -- Manulife Financial, Lincoln National, AEGON, and Principal Financial
Published on 2016-10-05 05:43:29 - Market Wire
Life Insurance Stocks on Investors’ Radar -- Manulife Financial, Lincoln National, AEGON, and
NEW YORK, October 5, 2016 /PRNewswire/ --
Stock-Callers.com's attention today moves to four Life Insurance equities, namely: Manulife Financial Corp. (NYSE: [ MFC ]), Lincoln National Corp. (NYSE: [ LNC ]), AEGON N.V. (NYSE: [ AEG ]), and Principal Financial Group Inc. (NYSE: [ PFG ]). According to a report released by German reinsurance company Munich Re in May 2016, low interest rates should remain a major challenge for life insurers in many industrialized countries. Additionally, premium growth is expected to remain moderate at around only 3% in 2016 and 2017. Learn more about these stocks by downloading their comprehensive and free reports at:
[ http://stock-callers.com/registration ]
Manulife Financial
At the close on Tuesday, shares in Toronto, Canada headquartered Manulife Financial Corp. rose 0.14%, ending the day at $14.10. The stock recorded a trading volume of 2.35 million shares, which was above its three months average volume of 2.15 million shares. The Company's shares have advanced 2.84% in the last one month and 9.46% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 3.67% and 3.66%, respectively. Moreover, shares of Manulife Financial, which together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the US, have a Relative Strength Index (RSI) of 58.36.
On September 29th, 2016, Manulife Asset Management, the investment management arm of appointed Neil Summers as Head of Europe, Middle East and Africa (EMEA) Client Service and Sales Support. He joined on 19th September, 2016. This is a new role for Manulife Asset Management, created as part of the firm's expansion in the EMEA region. MFC complete research report is just a click away and free at:
[ http://stock-callers.com/registration/?symbol=MFC ]
Lincoln National
Shares in Pennsylvania headquartered Lincoln National Corp. ended the day 1.38% higher at $47.80. A total volume of 2.09 million shares was traded, which was higher than their three months average volume of 1.97 million shares. In the previous three months, the stock has gained 27.94%. The Company's shares are trading above their 50-day and 200-day moving averages by 3.97% and 13.13%, respectively. Furthermore, shares of Lincoln National, which through its subsidiaries, engages in multiple insurance and retirement businesses in the US, have an RSI of 58.56.
On September 15th, 2016, Lincoln Financial Group, the marketing name for Lincoln National, announced its Retirement Plan Services business has been retained by NorthStar Anesthesia as the provider for its 401(k) defined contribution retirement plan. NorthStar Anesthesia's retirement plan services 1,500 participants, representing approximately $120 million in retirement savings. NorthStar Anesthesia has been with Lincoln since 2010.
On September 23rd, 2016, research firm Wells Fargo resumed its 'Market Perform' rating on the Company's stock. The complimentary report on LNC can be downloaded at:
[ http://stock-callers.com/registration/?symbol=LNC ]
AEGON
On Tuesday, shares in the Netherlands headquartered AEGON N.V. finished 0.78% higher at $3.88 with a total trading volume of 1.50 million shares. The stock has advanced 12.14% over the previous three months. The Company's shares are trading below their 50-day moving average by 2.80%. Additionally, shares of AEGON, which provides life insurance, pensions, and asset management services, have an RSI of 47.13.
On October 3rd, 2016, AEGON announced that it will repurchase 30,765,224 common shares to neutralize the dilutive effect of the 2016 interim stock dividend. These shares will be held as treasury shares and will be used to pay future stock dividends. AEGON stated that these transactions will commence on October 3rd, 2016, and are expected to be completed on or before November 11th, 2016. Sign up for your complimentary research report on AEG at:
[ http://stock-callers.com/registration/?symbol=AEG ]
Principal Financial Group
Iowa-based Principal Financial Group Inc.'s shares recorded a trading volume of 1.77 million shares at the end of yesterday's session, which was higher than their three months average volume of 1.32 million shares. The stock closed the day at $51.17, dropping 0.47%. The Company's shares have advanced 4.32% in the last one month, 29.35% in the previous three months, and 16.86% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.93% and 21.49%, respectively. Additionally, shares of Principal Financial Group, which provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide, have an RSI at 64.25.
On September 20th, 2016, Principal Financial Group® announced that, in preparation for the retirement of current chief financial officer and executive vice president Terry J. Lillis in April 2017, Deanna D. Strable-Soethout will assume the role of CFO effective February 14th, 2017. In addition, she is promoted to executive vice president of Principal® effective immediately. She will retain her current position as president of United States Insurance Solutions until her successor is named.
On September 23rd, 2016, research firm Wells Fargo resumed its 'Outperform' rating on the Company's stock. Get free access to your research report on PFG at:
[ http://stock-callers.com/registration/?symbol=PFG ]
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