FBL Financial Group (NYSE:FFG) is a $1 billion company that underwrites, markets, and distributes life insurance of fixed and indexed annuities in the western world. For yesteryear 52 weeks, this life insurance coverage company continues to be trading between $31.45 and $19.51 having a trailing 12 month earnings per share of $3.92 and a trailing [...]
STOCK MARKET MERGER: NASDAQ Buying NYSE?
Nasdaq OMX Group Inc could launch a rival bid for NYSE Euronext to avert being left about the sidelines, a resource said, as traditional exchanges race to merge to determine off upstart electronic rivals. This is one option Nasdaq, valued at $5.7 billion, is considering like a spate of deals shakes up an industry under [...]
The largest Internet IPO in history? Demand Media Worth More Than $1 Billion Following IPO
Demand Media is now officially a publicly traded company following its IPO on the New York Stock Exchange, in which it raised $151.3 million. The deal values the company at nearly $1.5 billion, making it one of the largest Internet IPOs in recent history. Early indications suggest that concerns over Demand — which owns sites [...]
Genworth Financial Downgraded
Due to higher loss at the U.S. Mortgage Insurance segment as well as weak results at Retirement and Protection and at International, we are downgrading Genworth Financial (GNW – Analyst Report) to Underperform. Genworth’s mortgage insurance business is experiencing losses as a result of the stressed economic conditions combined with elevated unemployment rates. Though the [...]
Genworth Drops Variable Annuities
Genworth Financial Inc. says it is discontinuing new sales of retail variable annuities and group variable annuities. Genworth, Richmond, Va. (NYSE: GNW), also is suspending sales of combination annuities linked to long term care insurance “until that market develops further,” the company says. Genworth will continue to sell linked benefit products that combine life insurance [...]
Genworth Ends Sales of All Variable Annuities
EW YORK—Genworth Financial Inc. is pulling out of the business of selling variable annuities to consumers, a retirement-income product that caused losses to many insurers during the 2008-09 stock-market meltdown and whose profitability now is hurt by low interest rates. On Thursday, Genworth alerted stock brokerages, financial advisers and other distributors that it would discontinue [...]
Have we made the changes to avoid Great Recession 2
I found this piece by Sy Harding. I’m of a different mind-set. Yes, we will likely have inflation. I hope so as a healthy alternative to deflation. No, we have not made all the changes–the structural deficits that were put in place between 2001-2008 remain. The structural deficits that preceded them are [...]
American Equity Investment Life (AEL) Stock Poised for Breakout
American Equity Investment Life (AEL) Showing Bullish Technicals With Resistance At $13.04 Posted: Wednesday, December 22, 2010 8:39 AM EDT American Equity Investment Life Holding (NYSE: AEL) closed Tuesday’s trading session at $12.95. In the past year, the stock has hit a 52-week low of $6.65 and 52-week high of $12.96. American Equity Investment Life [...]
CNBC’s Real-Time Stocks Dashboard for iPad
CNBC released a brand new iPad app late Monday, delivering the first truly useful, real-time market updates dashboard for the device. The free app is cleverly organized for quick access to the latest information on the markets, including real-time stock quotes and charts from the New York Stock Exchange (NYSE) and NASDAQ, as well as [...]
Assurances vs. Insurances AdvisorOne.com by Tom Hamlin
A couple of months ago I wrote Assurances vs. Insurances in my blog. I’ve used this mantra for many years as one of the ways to describe what we do that is different from most other advisors. I was then invited to write 1000 words for Research Magazine (AdisorOne.com) and I thought that this would [...]
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Genworth Annuity Rates are Increasing on Wednesday, June 19th, 2013
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Exciting Changes Coming to SpectraMark Riders in Most States!
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Six Costly Retirement-Saving Setbacks and How to Overcome Them
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EquiTrust Annuity-Product Training Required – ALL Agents/All States – June 1
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American Equity Lifetime Income Rate Changes — Effective June 3rd, 2013
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Six Costly Retirement-Saving Setbacks and How to Overcome Them
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Exciting Changes Coming to SpectraMark Riders in Most States!
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Genworth Annuity Rates are Increasing on Wednesday, June 19th, 2013