Back to top

Press Releases

The Zacks Analyst Blog Highlights: Aflac, Goldman Sachs Group, Mizuho Financial Group, Morgan Stanley and JP Morgan Chase

AFL GS MFG MS JPM

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.


For Immediate Release

Chicago, IL – June 10, 2013 – 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 Aflac Inc. (AFL - Analyst Report)-Free Report), Goldman Sachs Group Inc. (-(GS - Analyst Report)-Free Report), Mizuho Financial Group Inc. (MFG - Snapshot Report)-Free Report), Morgan Stanley (MS - Analyst Report)-Free Report) and JP Morgan Chase & Co. (JPM - Analyst Report)-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday’s Analyst Blog:

Aflac Values $700M Notes

Earlier this week, Aflac Inc. (AFL - Analyst Report)-Free Report) announced the pricing of long-term fixed rate notes worth $750 million in order to redeem the prior debt and gain capital flexibility.

Accordingly, this tranche of 10-year fixed rate senior notes worth $700 million is issued at a price of $100.00. Moreover, both the coupon rate and expected yield for the notes are pegged at 3.625%.

Further, Aflac has appointed Goldman Sachs & Co. of Goldman Sachs Group Inc. (-(GS - Analyst Report)-Free Report), Mizuho Securities USA Inc. of Mizuho Financial Group Inc. (MFG - Snapshot Report)-Free Report), Morgan Stanley & Co. LLC of Morgan Stanley (MS - Analyst Report)-Free Report), and J.P. Morgan Securities LLC of JP Morgan Chase & Co. (JPM - Analyst Report)-Free Report) as its joint book-running managers.

Meanwhile, management plans to use the proceeds from the sale of these notes to prepay Aflac’s 1.47% Samurai notes worth $347 million (28.7 billion yen) that is due in Jul 2014 along with its interest of 5.5 billion yen.

Additionally, Aflac plans to redeem long-term notes worth $300 million, bearing an interest of 3.45%, which are scheduled to mature in Aug 2015. The remaining amount of the proceeds is expected to inject ample liquidity over the next two years by utilizing funds for general corporate and capital purposes.

On the other hand, ratings agency A.M. Best has cast an “a-” debt rating on the issued notes with a stable outlook. Last month, the ratings agency had also reiterated its credit and insurance strength ratings on Aflac. A.M. Best remains confident about the company’s core operating strength.

Along with a strong brand name, Aflac enjoys a solid business model and healthy risk-based capitalization with reduced asset impairments. Healthy financial leverage and interest-coverage ratios also reflect a minimal risk exposure and strong solvency ratio.

While Aflac, Goldman and Morgan Stanley carry a Zacks Rank #3 (Hold), JP Morgan and Mizuho Financial are pegged at Zacks rank #2 (Buy).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on AFL - FREE

Get the full Report on GS - FREE

Get the full Report on MFG - FREE

Get the full Report on JPM - FREE

Get the full Report on MS - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
SKECHERS USA SKX 38.53 +4.50%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDS ENLC 36.29 +1.60%