Acquisitions, Survey Results, Upcoming Earnings and Conference Call Schedules, and Completion of Investment - Analyst Notes on Huntington, Allstate, Hartford, AMG and Ameriprise
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NEW YORK, April 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Huntington Bancshares Incorporated (NASDAQ: HBAN), The Allstate Corporation (NYSE: ALL), Hartford Financial Services Group Inc. (NYSE: HIG), Affiliated Managers Group Inc. (NYSE: AMG) 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/1161-100free.
Huntington Bancshares Incorporated Analyst Notes
On April 9, 2014, Huntington Bancshares Incorporated (Huntington) announced that the Company has entered into a definitive agreement under which Huntington National Bank ("Huntington Bank") - the banking subsidiary of the Company, will buy 11 branches in Central and East Michigan from Bank of America Corporation. According to Huntington, post the acquisition, the number of branches will be 173 branches, statewide, including 80 locations in the East Michigan region. Further, the Company will purchase nearly $450 million in deposits at a premium of 3.5% based on balances of deposits at the time of close of the transaction. The above transaction does not include loans and is expected to close in H2 2014, subject to the fulfillment of customary closing conditions, including regulatory approvals. The full analyst notes on Huntington are available to download free of charge at:
http://www.analystsreview.com/1161-HBAN-.pdf
The Allstate Corporation Analyst Notes
On April 9, 2014, Junior Achievement USA® (JA) and The Allstate Foundation, a part of The Allstate Corporation (Allstate) announced the results of the 2014 Teens & Personal Finance Survey on gender gap among teenagers' views and habits on college plans and future earning power. According to the survey results, about 91% of girls, aged between 13 and 18, plan to attend college or trade school after they graduate from high school, compared to 86% of their male counterparts. Further, of teens planning to attend college, girls are more concerned about how they will financially achieve their goals. Nearly 79% of girls between the age of 13 and 18 plan to use scholarships or grants to pay for college, compared to 66% of boys of the same age group. The full analyst notes on Allstate are available to download free of charge at:
http://www.analystsreview.com/1161-ALL-.pdf
Hartford Financial Services Group Inc. Analyst Notes
On April 1, 2014, Hartford Financial Services Group Inc. (Hartford) announced that the Company plans to release its Q1 2014 earnings on April 28, 2014, following the close of the market. On April 29, 2014, the Company will host a webcast at 9:00 a.m. EDT to discuss the results. According to Zacks Investment research data, the consensus EPS forecast for Q1 2014 is $0.93. For Q4 2013, the Company reported total revenues of $6.1 billion, down 20.9% YoY, while net income came in at $456 million. According to Zacks, the Company reported Q4 2013 operating earnings per share of $0.94 beating Zacks consensus estimate of $0.90 driven by decline in losses in Property and Casualty segment and improved margins in the Company's Commercial and Group Benefits segment. The full analyst notes on Hartford are available to download free of charge at:
http://www.analystsreview.com/1161-HIG-.pdf
Affiliated Managers Group Inc. Analyst Notes
On March 31, 2014, Affiliated Managers Group Inc. (AMG) announced the completion of investment in SouthernSun Asset Management, LLC (SouthernSun). SouthernSun offers industry-leading U.S. small- and mid-cap strategies and a recently launched global investment strategy. Further, SouthernSun's Small Cap Fund has a rating of five stars by Morningstar in the small blend category and was named as 'Best Fund over Three Years' in the Small-Cap Core Funds category of the 2013 Lipper Fund Awards. According to the terms of the transaction, SouthernSun's senior professionals have entered in to long-term commitments with the firm, as the SouthernSun funds have become part of AMG Funds, the Company's U.S. retail distribution business. The terms of the transaction were not disclosed by the Company. The full analyst notes on AMG are available to download free of charge at:
http://www.analystsreview.com/1161-AMG-.pdf
Ameriprise Financial Inc. Analyst Notes
Ameriprise Financial Inc. (Ameriprise) posted on the Events section of its website that it will announce its Q1 2014 financial results on April 28, 2014, followed by a conference call and webcast on the next day. According to Zacks Investment Research Data, the consensus EPS forecast for the quarter is $1.88. The full analyst notes on Ameriprise are available to download free of charge at:
http://www.analystsreview.com/1161-AMP-.pdf
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