Posts for Ticker ‘PFG’

TARP Approved For Insurance Money: More Cash From The Taxpayer’s Pocket (LNC)(PRU)(HIG)(PFG)

bankThe Washington Post is reporting that the Treasury Department has granted approval for insurance companies to have access to TARP funds. It is not clear what that will do to the balance in the TARP “account.” By some estimates it is down to $115 billion. Some of the banks who have received funds plan to pay that money back in the coming months. Other banks may need additional capital from the TARP.

The news does mean that the financial bailout is spreading and that the Treasury must believe that there is some systemic risk to a failure of one or more of the large insurance companies.

Earlier reports are that the Hartford (HIG), Prudential (PRU), Lincoln National (LNC), and Principal Financial Group (PFG) will receive capital.

Now taxpayers can own shares in all of those companies, too.

Douglas A. McIntyre

Posted on: May 14, 2009 – 6:38 pm in Banking, Financial Stocks, , , ,

Top Anlayst Upgrades (CAH, CENT, CHS, GPS, HELE, PFG, STEC, TJX)

These are some of the top pre-market analyst comments and analyst upgrades from Wall Street early this Tuesday morning:

Cardinal Health (CAH) Started as Buy at Jefferies.
Central Garden (CENT) Raised to Hold at Jefferies.
Chico’s FAS (CHS) Raised to Equal Weight at Barclays.
Gap Inc. (GPS) Raised to Equal Weight at Barclays.
Helen of Troy (HELE) Raised to Hold at Jefferies.
Principal Financial (PFG) Raised to Neutral at Credit Suisse.
STEC (STEC) Raised to Overweight at Thomas Weisel.
TJX Cos. (TJX) Raised to Overweight at Barclays; Raised to Neutral at Credit Suisse.

JON C. OGG

Posted on: May 12, 2009 – 6:33 am in Analyst Calls, , , , , , , ,

FAS/FAZ Dealing With Billions of Dollars of Securities Sales from Members (FAS, FAZ, BBT, COF, PFG, WFC, USB)

Money Stack ImageThe triple leverage ETF’s, the Direxion Financial Bull 3X Shares (NYSE: FAS) and Direxion Financial Bear 3X Shares (NYSE: FAZ), are perhaps the most volatile of all financial-stock ETF’s.  This morning they are getting to deal with a wave of secondary offerings and capital offerings from constituent member banks and financial firms.  These ETF’s are reacting to major “raising cash” filings and offerings from BB&T Corp. (NYSE: BBT), Capital One Financial Corp. (NYSE: COF), Principal Financial Group Inc. (NYSE: PFG), Wells Fargo & Co. (NYSE: WFC), and US Bancorp (NYSE: USB).
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Posted on: May 11, 2009 – 8:50 am in Banking, Dividend, ETF, Financial Stocks, Secondary Offering, , , , , , ,

Top Analyst Downgrades (ACN, FCX, MBRX, NXY, PFG, RBA)

These are some of the top analyst downgrades or cautious research calls we have seen this Tuesday morning before the market opens:

Accenture (ACN) Cut to Hold at Argus.
Freeport-McMoRan (FCX) Cut to Sell at Deutsche Bank.
Metabasis (MBRX) Cut to Perform at Oppenheimer.
Nexen (NXY) Cut to Market Perform at Raymond James.
Principal Financial (PFG) Cut to Underperform at FBR.
Ritchie Brothers (RBA) Cut to Market Perform at Raymond James.

JON C. OGG

Posted on: March 31, 2009 – 7:12 am in Analyst Calls, , , , , ,

Top Pre-Market Analyst Upgrades (AER, AGU, CF, GVA, MFLX, OMRI, PM, PFG, TRA)

These are some the top pre-market upgrades from analysts we have seen with more than two hours until the market opens this Tuesday morning:

  • AerCap (AER) Raised to Buy at Citigroup.
  • Agrium (AGU) Raised to Buy at Citigroup.
  • CF Industries (CF) Raised to Buy at Citigroup.
  • Granite Construction (GVA) Raised to Neutral at Goldman Sachs.
  • Multi-Fineline Electronix (MFLX) Raised to Buy at Needham.
  • Omrix Biopharma (OMRI) Raised to Buy at UBS.
  • Philip Morris International (PM) Raised to Outperform at Credit Suisse.
  • Principal Financial (PFG) Raised to Market Perform at FBR.
  • Terra Industries (TRA) Raised to Buy at Citigroup.

Jon C. Ogg
November 3, 2008

Posted on: November 4, 2008 – 7:40 am in Analyst Calls, , , , , , , , ,

Top Pre-Market Analyst Upgrades (BXP, DWA, DUK, MET, MTB, PRXL, POR, PFG, PSA, UDR)

These are some of the top pre-market analyst calls we are seeing this Friday morning:

  • Boston Properties (BXP) Raised to Outperform at FBR.
  • DreamWorks Animation (DWA) Raised to Buy at Jefferies.
  • Duke Energy (DUK) Raised to Neutral at Goldman Sachs.
  • MetLife (MET) Resumed at Overweight at Morgan Stanley.
  • M&T Bank Corp (MTB) Raised to Neutral at Baird.
  • Parexel (PRXL) Raised to Outperform at William Blair.
  • Portland General (POR) Raised to Buy at Goldman Sachs.
  • Principal Financial (PFG) Raised to Equal-weight at Morgan Stanley.
  • Public Storage (PSA) Raised to Outperform at Wachovia.
  • UDR Inc. (UDR) Raised to Outperform at FBR.

Jon C. Ogg
October 10, 2008

Posted on: October 10, 2008 – 7:02 am in Analyst Calls, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (RATE, CE, CSCO, DCP, RL, PFG, RYAAY, AKH, VM, XL)

Below are some of the early bird analyst calls that are affecting shares in pre-market trading:

  • Bankrate Inc. (NASDAQ: RATE) upgraded to Buy from Hold at Citigroup.
  • Celanese (NYSE: CE) raised to Buy from Neutral at UBS.
  • Cisco Systems (NASDAQ: CSCO) downgraded to Neutral from overweight at JPMorgan; downgraded to Neutral at Baird; more to come.
  • Dyncorp international (NYSE: DCP) upgraded to Buy at Jefferies; upgraded to Outperform at Wachovia.
  • Polo Ralph Lauren (NYSE: RL) cut to Hold from Buy at Citigroup.
  • Principal Financial (NYSE: PFG) raised to Neutral from Sell at UBS.
  • Ryanair Holdings (NASDAQ: RYAAY) and Air France KLM (NYSE: AKH) were both raised to Buy at UBS.
  • Virgin Mobile USA (NYSE: VM) downgraded to Equal Weight at Lehman.
  • XL Capital (NYSE: XL) cut to Neutral from Overweight at JPMorgan.

Jon C. Ogg
February 7, 2008

Posted on: February 7, 2008 – 7:20 am in Analyst Calls, , , , , , , , , ,