Thursday, November 11, 2010

Life Insurance Stocks In Spotlight (MFC, AGO, LNC)

Manulife Financial Corporation (USA) (NYSE:MFC) added 0.60% to $15.20. Last week, the company said that it lost C$947 million, or 55 Canadian cents a share, in the quarter ended Sept. 30. That compared with a loss of C$172 million, or 12 Canadian cents a share, in the year-before period.

Analysts polled by Thomson Reuters had expected, on average, a loss of 73 Canadian cents a share

The stock went down more than 17% year-to-date.

Assured Guaranty Ltd. (NYSE:AGO) went up 0.32% to $19. The company said late Thursday that third-quarter net income came in at $180.9 million, or 96 cents a share, versus a third quarter 2009 net loss of $35 million, or 22 cents a share.

Operating income, which excludes net realized investment gains and losses, was $222.8 million, or $1.19 a share. Excluding two items related to a recent acquisition, operating profit would have been 89 cents a share, the company added.

The company was expected to make 89 cents a share, according to the average estimate of analysts polled by FactSet.

Over the past 52-week, the stock traded within the range of $12.63-$28.14. The stock went down more than 12% year-to-date.

Lincoln National Corporation (NYSE:LNC) surged 1.56% to $24.81. The company said last week that third-quarter net income was $246 million, or 75 cents per common share, compared to net income of $153 million, or 44 cents a share, in the same period a year earlier.

Income from operations, which excludes net realized investment gains and losses, was $206 million, or 63 cents per common share, in the latest period. Lincoln was expected to make 87 cents a share, according to the average estimate of analysts in a FactSet survey.

Over the past 52-week, the stock traded within the range of $20.65-$33.55. The stock went down more than 1% year-to-date.

http://blog.wallstreetgrand.com/2010/11/life-insurance-stocks-in-spotlight-mfc-ago-lnc/

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