NEW YORK, October 13, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com directs investors' attention back to the following Life Insurance firms: Prudential PLC (NYSE: PUK), China Life Insurance Co. Ltd (NYSE: LFC), American Equity Investment Life Holding Co. (NYSE: AEL), and Torchmark Corp. (NYSE: TMK). These stocks belong to the Financials sector, which has risen to "Attractive" from "Unattractive" as per Zacks Strategist's most recent monthly market strategy report. Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Prudential
At the close on Wednesday, shares in London, the UK headquartered Prudential PLC rose 0.91%, ending the day at $35.41. The stock recorded a trading volume of 1.05 million shares, which was above its three months average volume of 798,750 shares. The Company's shares have advanced 2.92% in the previous three months. The stock is trading below its 50-day moving average by 2.16%. Moreover, shares of Prudential, which together with its subsidiaries, provides a range of retail financial products and services, and asset management services to individuals and businesses primarily in Asia, the US, and the UK, have a Relative Strength Index (RSI) of 43.15.
On September 21st, 2016, Jackson National Life Insurance Company®, an indirect subsidiary of Prudential announced the launch of Perspective Advisory, the company's first fee-based variable annuity. Perspective Advisory offers the same investments and optional benefits, for an additional charge, as Perspective II®, Jackson's flagship commission-based variable annuity. Access our complete research report on PUK for free at:
http://stock-callers.com/registration/?symbol=PUK
China Life Insurance
Shares in Beijing, China-based China Life Insurance Co. Ltd ended the day 0.23% higher at $13.33, with a total trading volume of 380,474 shares. In the last month and the previous three months, the stock has gained 3.98% and 19.23%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 5.42% and 11.84%, respectively. Furthermore, shares of China Life Insurance, which together with its subsidiaries, operates as a life insurance company in the People's Republic of China, have an RSI of 50.73.
On September 08th, 2016, the International WELL Building Institute™, China Life Insurance, and Sino-Ocean Group jointly announced the topping off of the Z13 office tower, China Life Financial Center, in the Core Area of Beijing Central Business District (CBD). China Life Asset Management Company and China Life Investment Holding Company, both subsidiaries of China Life Insurane, have both pledged to have offices in the building.
On September 29th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. The complimentary research report on LFC can be downloaded at:
http://stock-callers.com/registration/?symbol=LFC
American Equity Investment Life
On Wednesday, shares in West Des Moines, Iowa-based American Equity Investment Life Holding Co. finished 0.33% lower at $18.12, with a total trading volume of 452,256 shares. The stock has advanced 2.78% in the last one month and 13.18% over the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 5.50% and 12.01%, respectively. Additionally, 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 58.22.
As per notes filed with the SEC on October 03rd, 2016, American Equity Investment certain financial institutions as lenders and JPMorgan Chase Bank, N.A., as a Lender and as administrative agent for the Lenders, entered into a credit agreement on September 30, 2016, providing for a $150 million unsecured revolving credit facility and a $100 million term loan. The Revolving Facility maturity date is September 30th, 2021, and the Term Loan maturity date is September 30th, 2019. The Company used the proceeds of the Term Loan to make a contribution to the capital and surplus of a subsidiary, American Equity Investment Life Insurance Company.
On October 07th, 2016, research firm Credit Suisse initiated a 'Neutral' rating on the Company's stock. Register for free on Stock-Callers.com and get access to the latest PDF format report on AEL at:
http://stock-callers.com/registration/?symbol=AEL
Torchmark
McKinney, Texas headquartered Torchmark Corp.'s shares recorded a trading volume of 576,851 shares at the end of yesterday's session, which was above their three months average volume of 506,910 shares. The stock closed the day at $64.39, gaining 0.28%. Shares of the Company have advanced 0.17% in the last one month, 3.68% in the previous three months, and 13.72% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 1.51% and 10.64%, respectively. Additionally, 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 at 54.68.
On October 07th, 2016, research firm Credit Suisse initiated a 'Neutral' rating on the Company's stock. Download your free research report on TMK at:
http://stock-callers.com/registration/?symbol=TMK
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