07:21 AM
After waiting a half-year, six insurers were cleared to receive up to $22B in TARP funds late Thursday. Hartford Financial (HIG) was approved for $3.4B; Lincoln National (LNC) said it may receive $2.5B; also approved were Allstate (ALL), Prudential Financial (PRU), Principal Financial Group (PFG), and Ameriprise Financial (AMP).
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Monday, May 11, 2009
08:40 AMCapital One (COF), U.S. Bancorp (USB), BB&T (BBT) and Principal Financial Group (PFG) announce plans to raise capital and hope to pay back TARP loans. COF to sell 56M shares. USB to offer $2.5B in common stock. BB&T to sell $1.5B in shares. PFG to raise $1B in stock sales. Premarket: COF -8.2%. USB -4.9%. BBT -3.8%. PFG -7.2%.
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Monday, May 4, 2009
18:05 PMPrincipal Financial Group (PFG): Q1 EPS of $0.63 misses by $0.03. Revenue of $2.18B vs. $2.51B. Assets under management down 22% from a year ago to $237B. Shares +1.6% AH. (PR)
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01:09 AM
Battered along with the rest of the life insurance sector, Barron's says Principal Financial Group (PFG) has been unduly punished. Investors could see shares rise 50% within a year.
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08:36 AM
Insurance stocks are higher premarket after reports the Treasury will extend bailout funds to struggling life-insurance companies: LNC +25%. GNW +24%. HIG +23%. PFG +23%. PRU +12%. MET +10%. XL +8%.
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Thursday, April 2, 2009
14:20 PM
Four months after asking for bailout funds, Hartford Financial (HIG), Protective Life Corp. (PL) and Principal Financial Group (PFG) are among a dozen insurers still waiting for an answer.
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Tuesday, March 24, 2009
13:15 PM
S&P leaders at midday: ACAS +32.5%. IP +12.7%. AGN +10.9%. MTG +10.3%. HSP +8.4%. PFG +7.7%. MS +8%. X +7.8%. ASH +8.1%. JDSU +7.1%. Laggards: DYN -11.8%. HBAN -8.6%. MKC -8%. CME -6.7%. NWL -6.8%. MTB -6.2%
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