Hines, the international real estate firm, and MetLife Inc (NYSE:MET) announced that they will develop a multifamily housing complex along 5.83 acres of waterfront in Quincy, MA. MetLife will own a majority equity stake in the project. Hines will develop and co-invest. Metlife Inc (NYSE:MET) net profit margin is 5.30% and weekly performance is 2.00%. On last trading day company shares ended up $56.15. Analysts mean target price for the company is $61.13. Metlife Inc (NYSE:MET) distance from 50-day simple moving average (SMA50) is 8.89%.
On June 16, 2014 — Genworth Financial, Inc. (NYSE:GNW) has kicked-off a national real-life research and education program aimed at creating conversations around a pressing issue confronting many Americans: determining a way to plan and pay for long term care needs for an aging population. Genworth Financial Inc (NYSE:GNW) shares advanced 2.08% in last trading session and ended the day on $17.66. Its return on assets is 0.60 %. Genworth Financial Inc (NYSE:GNW) quarterly performance is 3.21%.
On MAY 23, Following a strong first-quarter 2014, the board of Lincoln National Corporation (NYSE:LNC) has sanctioned an increase in its shares and securities to a total of $1.0 billion. This replaces the previous one approved in Aug 2012, wherein Lincoln National had amplified its repurchase activity by up to $1.0 billion. Over the last couple of years, Lincoln National has exceeded its buyback target by repurchasing shares worth $575 million in 2011, $492 million in 2012 and $450 million in 2013. Lincoln National Corporation (NYSE:LNC) shares moved up 3.21% in last trading session and was closed at $52.09, while trading in range of $50.37 – $52.20. Lincoln National Corporation (NYSE:LNC) year to date (YTD) performance is 1.56%.
On may 1, Manulife Financial Corporation (USA) (NYSE:MFC) announced that the nominees listed in the proxy circular dated March 11, 2014 were each elected as a director of Manulife Financial Corporation at the Annual and Special Meeting held earlier in Toronto. Manulife Financial Corporation (USA) (NYSE:MFC) ended the last trading day at $19.24. Company weekly volatility is calculated as 1.27% and price to cash ratio as 2.78. Manulife Financial Corporation (USA) (NYSE:MFC) showed a positive weekly performance of 0.79%.
Dutch bank ING Groep NV (ADR) (NYSE:ING) unveiled pricing details for the initial public offering of its NN Group insurance business, saying it expects to raise €1.3 billion to €1.5 billion ($1.76 billion to $2.04 billion) through the sale of a 26.4% stake in one of Europe’s biggest stock market flotations this year. ING Groep NV (ADR) (NYSE:ING) net profit margin is 24.50 % and weekly performance is -2.40%. On last trading day company shares ended up $14.25. Analysts mean target price for the company is $14.42. ING Groep NV (ADR) (NYSE:ING) distance from 50-day simple moving average (SMA50) is 1.79%.