Breakfast Technical Briefing on Insurance Stocks -- AEGON, American Equity Investment Life, Manulife Financial, and Torchmark
NEW YORK, October 17, 2017 /PRNewswire/ --
If you want a Stock Review on AEG, AEL, MFC, or TMK then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Today, DailyStockTracker.com takes a close look at the performance of AEGON N.V. (NYSE: AEG), American Equity Investment Life Holding Co. (NYSE: AEL), Manulife Financial Corp. (NYSE: MFC), and Torchmark Corp. (NYSE: TMK). Life Insurance companies provide financial protection and wealth management services to individuals and corporate customers. Many times, these firms operate through independent agents and distribution partners. Daily Stock Tracker published free research reports on these stocks today at:
http://dailystocktracker.com/register/
AEGON
The Hague, the Netherlands headquartered AEGON N.V.'s shares gained 0.52%, closing Monday's trading session at $5.75. The stock recorded a trading volume of 2.09 million shares. The Company's shares have advanced 1.05% in the last month, 7.88% over the previous three months, and 3.98% since the start of this year. The stock is trading 0.13% above its 50-day moving average and 6.33% above its 200-day moving average. Additionally, shares of AEGON, which provides life insurance, pensions, and asset management services, have a Relative Strength Index (RSI) of 52.77.
On September 28th, 2017, AEGON announced that it will repurchase 51,864,626 common shares to neutralize the dilutive effect of the 2016 final and 2017 interim stock dividends. These shares will be held as treasury shares and will be used to pay future stock dividends. The Company will commit to the repurchase of the common shares by engaging a third party to execute the transactions on its behalf. These transactions are expected to be completed on or before December 15th, 2017. See our free and comprehensive research report on AEG at:
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American Equity Investment Life Holding
On Monday, shares in West Des Moines, Iowa-based American Equity Investment Life Holding Co. recorded a trading volume of 279,033 shares. The stock rose 1.04%, ending the day at $30.13. The Company's shares have advanced 9.33% in the past month, 9.96% in the previous three months, and 33.67% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.12% and 16.97%, respectively. Furthermore, shares of the Company, which through its subsidiaries, develops and sells fixed index and fixed rate annuity products in the US, have an RSI of 74.79.
On September 25th, 2017, American Equity Investment Life Insurance Company, and Armed Forces Benefit Association ("AFBA") announced that they will partner to transition the former's National Guard and Fire Fighter group life insurance coverage to AFBA, effective January 01st, 2018. AFBA provides life insurance to over 140,000 National Guard members, retirees and family members, and over 130,000 First Responders, retirees and family members. AEL free research report is just a click away at:
http://dailystocktracker.com/registration/?symbol=AEL
Manulife Financial
Toronto, Canada headquartered Manulife Financial Corp.'s stock finished the day 0.24% higher at $20.77 with a total trading volume of 1.22 million shares. The Company's shares have advanced 4.32% in the last one month, 5.11% in the previous three months, and 16.55% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.05% and 10.92%, respectively. Additionally, shares of Manulife Financial have an RSI of 65.82.
On October 02nd, 2017, John Hancock, a division of Manulife Financial, announced the appointment of Anne McNally as Vice President, Head of Corporate Communications, effective that day. Based at the Company's Boston headquarters, Ms. McNally will oversee external and internal communications. She reports to Barbara Goose, Chief Marketing Officer. Sign up for your complimentary report on MFC at:
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Torchmark
Shares in McKinney, Texas headquartered Torchmark Corp. ended yesterday's session 0.54% higher at $82.05. The stock recorded a trading volume of 225,210 shares. The Company's shares have advanced 6.25% in the last one month, 5.07% over the previous three months, and 11.24% since the start of this year. The stock is trading 4.65% and 6.80% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Torchmark, which through its subsidiaries, provides various life and health insurance products, and annuities in the US, Canada, and New Zealand, have an RSI of 76.96.
On October 04th, 2017, Torchmark announced that it will release Q3 2017 earnings after the market closes on October 24th, 2017. In conjunction with the earnings release, a conference call will be held on October 25th, 2017, at 11:00 a.m. ET. The call will be broadcast live on the Company's website. Register for free on DailyStockTracker.com and download the latest research report on TMK at:
http://dailystocktracker.com/registration/?symbol=TMK
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