Appointments, Acquisitions, Reinsurance Deals, Disaster Preparedness Tips, and Divestitures - Analyst Notes on AIG, MasterCard, PNC, Prudential and PHH
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NEW YORK, July 11, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding American International Group, Inc. (NYSE: AIG), MasterCard Incorporated (NYSE: MA), PNC Financial Services Group Inc (NYSE: PNC), Prudential Financial, Inc. (NYSE: PRU) and PHH Corporation (NYSE: PHH). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4676-100free.
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American International Group, Inc. Analyst Notes
On July 8, 2014, American International Group, Inc. (AIG) announced that its AIG Financial Distributors has appointed John D. Stout as its first Senior Vice President of Sales Training and Development, effective immediately. The Company stated that in this new role, Mr. Stout will be in charge of launching and leading the Company's Financial Distributors University, implementing strategies aimed at developing current sales professionals and training future financial advisors and agents. According to AIG, prior to his new role, Mr. Stout headed JD Stout Consulting, LLC, where he provided comprehensive consulting services for life and annuity companies. "John will put into motion our vision to further develop the most knowledgeable and best-trained team in the industry." commented AIG Financial Distributors President and CEO Steve Maginn. The full analyst notes on AIG are available to download free of charge at:
http://www.analystsreview.com/Jul-11-2014/AIG/report.pdf
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MasterCard Incorporated Analyst Notes
On July 1, 2014, MasterCard Incorporated (MasterCard) announced that it has completed the acquisition of Pinpoint Pty. Ltd. - Australia's leading provider of loyalty and reward services across the Asia Pacific region. MasterCard stated that the acquisition, which is expected to strengthen the Company's loyalty and rewards offerings, highlights its commitment of delivering exceptional services to its customers. MasterCard Loyalty Solutions Group Head for Asia/Pacific Chris Fendley commented, "At MasterCard, we are committed to providing cardholders and customers with topnotch innovative rewards solutions tailored to their interests and needs. With the completion of the acquisition, we will continue to focus on creating synergies to better serve our customers and cardholders. And with Pinpoint's growing presence across Asia Pacific, we are excited for what the future holds for our issuers, merchants and cardholders." The full analyst notes on MasterCard are available to download free of charge at:
http://www.analystsreview.com/Jul-11-2014/MA/report.pdf
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PNC Financial Services Group Inc Analyst Notes
On July 3, 2014, PNC Financial Services Group Inc. (PNC) shared a number of disaster preparedness tips with its customers, stating that although safety and security should be the primary goal during calamities, it is also important to get educated about the tools and services offered by the bank in the event of a natural calamity. The Company's suggestions include: creating an emergency plan; registering for mobile banking to enable customers to have continuous access to their accounts, and keeping cash on hand, among others. The full analyst notes on PNC are available to download free of charge at:
http://www.analystsreview.com/Jul-11-2014/PNC/report.pdf
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Prudential Financial, Inc. Analyst Notes
On July 4, 2014, Prudential Financial, Inc. (Prudential) announced that it will reinsure BT Pension Scheme's longevity risk transfer deal. The Company informed that it was selected by BT Pension Scheme to reinsure approximately $27.7 billion of pension liabilities, covering the risk associated with potential increases in the life expectancy of the plan participants. Amy Kessler, Vice President and Head of Longevity Reinsurance for Prudential Retirement commented, "This is a landmark pension risk transfer transaction that is the first of its kind in terms of size and complexity. This milestone is proof of the depth of the global longevity risk transfer market and provides a clear path for the world's largest pension plans to manage longevity risk and enhance retirement security for plan participants." The full analyst notes on Prudential are available to download free of charge at:
http://www.analystsreview.com/Jul-11-2014/PRU/report.pdf
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PHH Corporation Analyst Notes
On July 7, 2014, PHH Corporation (PHH) announced the completion of its previously disclosed sale of its Fleet Management Services business to Element Financial Corporation for $1.4 billion amount in cash. The Company expects $821 million in net proceeds from the transaction. PHH Corporation President and CEO Glen A. Messina commented, "Completion of the sale of our Fleet Management Services business is an important step forward for PHH." Messina added, "We now have the financial flexibility to return significant capital to shareholders, accelerate the reduction of our unsecured debt, re-engineer our Mortgage business and pursue opportunities to improve profitability through increased scale." The Company also announced that its Board of Directors has ratified up to $450 million in share repurchases, including a $200 million accelerated stock repurchase program, which is expected to commence after the release of the Company's second quarter earnings. The full analyst notes on PHH are available to download free of charge at:
http://www.analystsreview.com/Jul-11-2014/PHH/report.pdf
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