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There Could Be Management Changes Or Divestitures At AIG After P&C Improvement Plan Miss
Thursday, February 16, 2017 - 2:40pm | 490Read More...Evercore ISI expects American International Group Inc (NYSE: AIG) to miss its current accident year loss ratio guidance for 2017 and suggests the insurer may consider management changes or divestitures. The comments came after a $5.6 billion reserve charge led AIG to report a bigger loss of $3.04...
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Despite Activists, AIG Core Seen As 'Weaker' By Analysts
Friday, February 12, 2016 - 11:03am | 329Read More...Credit Suisse’s Thomas Gallagher maintained a Neutral rating for American International Group Inc (NYSE: AIG), while reducing the price target from $65 to $61. The company reported its 4Q net operating loss at $1.10 per share, mainly on account of its previously announced $3.6 billion of...
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Credit Suisse Believes 'Carl Icahn Benefit' Already Priced Into AIG
Wednesday, December 2, 2015 - 8:29am | 299Read More...Shares of American International Group Inc (NYSE: AIG) have appreciated 14.48 percent year-to-date, trading close to their 52-week high on December 1. Thomas Gallagher of Credit Suisse has maintained a Neutral rating on the company, with a price target of $65. Gallaghar believes that the...
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Credit Suisse Reiterates Outperform, Lowers Price Target On Prudential Financial Following 4Q14 Earnings Miss
Thursday, February 5, 2015 - 10:28am | 191Read More...In a report published Thursday, Credit Suisse analyst Thomas Gallagher reiterated an Outperform rating on Prudential Financial (NYSE: PRU), but lowered the price target from $97.00 to $94.00. In the report, Credit Suisse noted, "PRU reported a 4Q 14 earnings miss of $2.12, compared to our estimate...
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UPDATE: Credit Suisse Downgrades American International Group On Good Market Position
Thursday, January 8, 2015 - 10:02am | 249Read More...In a report published Thursday, Credit Suisse analyst Thomas Gallagher downgraded the rating on American International Group Inc (NYSE: AIG) from Outperform to Neutral, and lowered the price target from $60.00 to $59.00. In the report, Credit Suisse noted, “We are downgrading our rating of AIG to...
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UPDATE: Credit Suisse Reiterates On Voya Financial Following Recent Management Meeting
Friday, November 14, 2014 - 11:21am | 189Read More...In a report published Friday, Credit Suisse analyst Thomas Gallagher reiterated an Outperform rating on Voya Financial (NYSE: VOYA), and raised the price target from $44.00 to $48.00. In the report, Credit Suisse noted, “Following our recent meeting with management, our review of the 3Q 10-Q, and...
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UPDATE: Credit Suisse Reiterates On Protective Life On Announced Dai-Ichi Life Deal
Wednesday, June 4, 2014 - 10:04am | 181Read More...In a report published Wednesday, Credit Suisse analyst Thomas Gallagher reiterated a Neutral rating on Protective Life (NYSE: PL), and raised the price target from $53.00 to $70.00. In the report, Credit Suisse noted, “We view the announced deal as a positive for the rest of the sector as a company...
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UPDATE: Credit Suisse Initiates Coverage on Fidelity & Guaranty Life
Wednesday, January 22, 2014 - 8:51am | 157Read More...In a report published Wednesday, Credit Suisse analyst Thomas Gallagher initiated coverage on Fidelity & Guaranty Life (NYSE: FGL) at Outperform, establishing a $21.00 price target. According to the report, the analyst's target price implies that FGL trades at .93x their estimate of 2015 book...
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Credit Suisse Reports Positive N-T Outlook for US Life Insurance; AIG Top Pick
Monday, January 6, 2014 - 5:51pm | 299Read More...In a report published Monday, Credit Suisse analyst Thomas Gallagher analyzed the 2014 U.S. Life Insurance sector forecast. Credit Suisse has a positive view the near-term (3-6 months) and a market weight or neutral view beyond the mid-point of 2014. Gallagher noted, “We believe 2013 was the year...
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UPDATE: Credit Suisse Initiates ING US at Neutral on EPS Estimates
Tuesday, June 11, 2013 - 10:45am | 122Read More...In a report published Tuesday, Credit Suisse analyst Thomas Gallagher initiated coverage on ING US (NYSE: VOYA) with a Neutral rating and $28.00 price target. In the report, Credit Suisse noted, “We are initiating coverage on VOYA with a Neutral rating and a $28 target price. Our sum-of-the-...
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UPDATE: Credit Suisse Raises PT on Prudential Financial Following Management Meeting
Wednesday, May 29, 2013 - 9:08am | 228Read More...In a report published Wednesday, Credit Suisse analyst Thomas Gallagher reiterated an Outperform rating on Prudential Financial (NYSE: PRU), and raised the price target from $70.00 to $75.00. In the report, Credit Suisse noted, “PRU seems more optimistic about the future capital framework for...
