Acquisitions, Share Buyback, CSR Initiatives, Appointments, and Stock Price Movements - Analyst Notes on BB&T, American Capital, Chubb, Prudential Financial, and Ameriprise Financial
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NEW YORK, April 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding BB&T Corporation (NYSE: BBT), American Capital, Ltd. (NASDAQ: ACAS), The Chubb Corporation (NYSE: CB), Prudential Financial, Inc. (NYSE: PRU), and Ameriprise Financial Inc. (NYSE: AMP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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BB&T Corporation Analyst Notes
On March 27, 2014, BB&T Insurance Services, a subsidiary of BB&T Corporation (BB&T), announced plans to expand its presence on the Carolina coasts with the acquisition of Woodbury & Co. of Wilmington, N.C., and Myrtle Beach, S.C. Commenting on the acquisition, BB&T Insurance Holdings Chairman and CEO Wade Reece, said, "We could not be more pleased to welcome one of the oldest and most highly regarded agencies in the Southeast to our team. This will be a great combination and great addition to our Carolinas franchise given Woodbury's well-known reputation for insurance and risk management expertise, and superior client service." BB&T Insurance informed that it will combine its existing agencies in Wilmington and Myrtle Beach with Woodbury & Co. The terms of the deal were not disclosed by BB&T. The full analyst notes on BB&T Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04032014/BBT/report.pdf
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American Capital, Ltd. Analyst Notes
On March 31, 2014, American Capital, Ltd. (American Capital), a private equity firm and global asset manager, issued a press release disclosing the details of its share repurchase program. As per the press release, in Q1 2014, the Company made purchases of 8.9 million shares of American Capital common stock in the open market, representing 3.3% of the outstanding shares as of December 31, 2013. The shares were purchased at an average price of $15.38 per share, aggregating $137 million. The Company informed that the Board of Directors has decided to suspend the share repurchase program for an indefinite period. The full analyst notes on American Capital, Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/ACAS/report.pdf
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The Chubb Corporation Analyst Notes
On March 31, 2014, Chubb Group of Insurance Companies, part of The Chubb Corporation (Chubb), issued a press release in which they urged homeowners to take steps to help protect their homes from wildfires as warmer weather approaches. As stated in the press release, according to the data by National Interagency Fire Center, 47,579 reported wildfires burned 4.3 million acres in 2013, as compared to 67,774 wildfires affecting 9.3 million acres in the previous year. Christie Alderman, New Products and Services Manager for Chubb Personal Insurance, commented, "At one time, wildfires were more likely to start in the late summer and early fall-and you could warn homeowners about the approaching 'wildfire season. Now, we see wildfires threatening homes throughout the year, and it means homeowners must be more vigilant." Alderman recommended homeowners to sign up for a wildfire defense service, available only to eligible policyholders, which could help protect policyholders' property in the event of a wildfire. The full analyst notes on The Chubb Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04032014/CB/report.pdf
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Prudential Financial, Inc.Analyst Notes
On March 31, 2014, Prudential Fixed Income, a business segment of Prudential Financial, Inc. (Prudential Financial), announced that it hired a new senior portfolio manager for its investment grade corporate bond team and added an economist with expertise in Latin America to its global macroeconomic research team. According to Prudential, Filippo Arcieri has been appointed in the corporate bond team as a Principal and Senior Portfolio Manager, reporting to Principal Rajat Shah, and focusing on global corporate portfolios. On the research side, Francisco Campos-Ortiz, PhD., has been named Latin America Economist, reporting to Chief Economist Jürgen Odenius, who heads the global macroeconomic research group. In their previous assignments, Arcieri served as Co-Head of investment grade credit at Hartford Investment Management Company, while Campos-Ortiz worked as a research economist with the Mexican Central Bank. The full analyst notes on Prudential Financial, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/PRU/report.pdf
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Ameriprise Financial Inc. Analyst Notes
On March 31, 2014, the shares of Ameriprise Financial Inc. (Ameriprise) edged 1.16% higher, tracking gains in the broader market index, closing the day at $110.07. During the session, the Company's shares opened at $109.91 and oscillated in the range of $109.77 - $110.55. Ameriprise traded 1.59 million shares during the day, higher than its 30-day average trading volume of 1.10 million shares. Over the past 12 months, the shares of the Company increased 49.45%, beating the NYSE Composite which increased 15.60% during the same period. The full analyst notes on Ameriprise Financial Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04032014/AMP/report.pdf
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