China's government said Wednesday that it would pump nearly 61 billion yuan ($9.7 billion) into Anbang. Beijing already seized control of Anbang in February and its former chairman is now on trial for fraud and embezzlement.
The Chinese insurance regulator said in a statement that the massive bailout was intended to shore up Anbang's business operations and protect its customers before the company seeks to raise new funds from private investors.
Anbang has drawn global attention in recent years for its aggressive pursuit of assets around the world under its former chairman, Wu Xiaohui, who built the firm up from a provincial car insurance business.
It's best known for its ambitious deal-making efforts overseas, including the $1.95 billion purchase of the Waldorf Astoria, a failed $14 billion bid for the Starwood hotel chain, and unsuccessful talks with the Kushner family business over a Manhattan office tower.
Best Financial Stocks To Own For 2019: Pilgrim's Pride Corporation(PPC)
Advisors' Opinion:- [By Ethan Ryder]
President Energy (LON:PPC)‘s stock had its “corporate” rating reissued by FinnCap in a report released on Monday.
Separately, Peel Hunt restated a “buy” rating and issued a GBX 10.50 ($0.14) target price on shares of President Energy in a report on Thursday, August 9th.
- [By Max Byerly]
BidaskClub upgraded shares of Pilgrim’s Pride (NASDAQ:PPC) from a strong sell rating to a sell rating in a report published on Tuesday.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Pilgrim’s Pride from a hold rating to a buy rating and set a $27.00 target price for the company in a research report on Thursday, March 15th. BMO Capital Markets dropped their target price on shares of Pilgrim’s Pride to $31.00 and set a market perform rating for the company in a research report on Friday, February 16th. Morgan Stanley set a $25.00 target price on shares of Pilgrim’s Pride and gave the stock a hold rating in a research report on Tuesday, February 27th. Vertical Group raised shares of Pilgrim’s Pride from a hold rating to a buy rating in a research report on Wednesday, March 14th. Finally, Mizuho reissued a buy rating and issued a $28.00 target price on shares of Pilgrim’s Pride in a research report on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $27.80.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Pilgrim’s Pride (PPC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Financial Stocks To Own For 2019: BAE Systems PLC (BAESY)
Advisors' Opinion:- [By Logan Wallace]
BEACH ENERGY Lt/ADR (OTCMKTS:BCHEY) and BAE SYS PLC/S (OTCMKTS:BAESY) are both oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their earnings, valuation, risk, institutional ownership, profitability, analyst recommendations and dividends.
- [By Lou Whiteman]
The Marine Corps has selected BAE Systems (NASDAQOTH:BAESY) to manufacture its next-generation amphibious combat vehicle, dealing a major setback to the diversification plans of Science Applications International (NYSE:SAIC).
- [By Ethan Ryder]
Get a free copy of the Zacks research report on BAE SYS PLC/S (BAESY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Rich Smith]
Britain's BAE Systems (NASDAQOTH:BAESF) (NASDAQOTH:BAESY) is a behemoth, doing more than $24 billion in annual business and valued in excess of $26 billion -- yet it's largely unknown to U.S. investors, a consequence of its stock being traded over the counter and not on major U.S. stock exchanges like the NYSE or Nasdaq. That could change, however, with BAE winning a big endorsement from investment megabank Morgan Stanley this morning.
- [By Jason Hall, Rich Smith, and Travis Hoium]
But that doesn't mean investors looking to add defense stocks to their portfolio should avoid the entire sector; there are opportunities to be had. These Motley Fool contributors have identified two companies with substantial military and commercial opportunities in AeroVironment, Inc. (NASDAQ:AVAV) and Boeing Co. (NYSE:BA), as well as undervalued British defense giant BAE Systems PLC (ADR) (NASDAQOTH:BAESY) as defense stocks worth watching closely this month.
Best Financial Stocks To Own For 2019: Investment Technology Group, Inc.(ITG)
Advisors' Opinion:- [By Joseph Griffin]
Investment Technology Group (NYSE:ITG) announced a quarterly dividend on Thursday, May 17th, RTT News reports. Investors of record on Wednesday, May 30th will be given a dividend of 0.07 per share by the financial services provider on Friday, June 15th. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%.
- [By Max Byerly]
SEI Investments (NASDAQ: SEIC) and Investment Technology Group (NYSE:ITG) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, profitability, dividends, analyst recommendations, valuation, risk and institutional ownership.
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