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Zacks Analyst Blog Highlights: Prudential, Hartford Financial Services Group, Allstate, Lincoln National Corp. and Principal Financial Group.

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June 02, 2009 | Comment(s): 0
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PRU | HIG | ALL | LNC | PFG

For Immediate Release

Chicago, IL – June 2, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Prudential (PRU - Analyst Report), Hartford Financial Services Group (HIG - Analyst Report), Allstate (ALL - Analyst Report), Lincoln National Corp. (LNC - Analyst Report) and Principal Financial Group (PFG - Analyst Report).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Monday’s Analyst Blog:

Prudential Chooses to Go It Alone

Last month, under the Treasury Department's Troubled Asset Relief Program (TARP) the major insurers, including Prudential (PRU - Analyst Report), Hartford Financial Services Group (HIG - Analyst Report), Allstate (ALL - Analyst Report), Lincoln National Corp. (LNC - Analyst Report) and Principal Financial Group (PFG - Analyst Report) were permitted to tap into the program for additional capital.

As of Friday, only ALL and AMP had declined to accept the government's offer of funds. However, earlier today PRU stated that it would not be taking funds from the government's financial rescue program. Instead, the company plans to raise $1.25 billion on its own through a common stock offering in order to beef-up its reserves.

Any additional funds will be used for general corporate purposes (including adding capital to its insurance subsidiaries for the repayment of short-term debt or for potential strategic initiatives). In addition, the underwriters of the offering have been granted a 30-day option to purchase an additional $188 million in shares.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

Read the full analyst report on PRU

Read the full analyst report on HIG

Read the full analyst report on ALL

Read the full analyst report on LNC

Read the full analyst report on PFG

 

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