EdgeWater 11/18/2010 11:28:18 PM
News / Business

Top Traded NYSE Financial Stocks (HIG, XL, CBL)

Top Traded NYSE Financial Stocks

Hartford Financial Services (NYSE:HIG) added 0.25% to $23.68. This month, the company reported better-than-expected quarterly profit. Core earnings, which exclude net realized investment gains and losses, were $1.43 a share versus the average analyst forecast of 98 cents a share. The results included a so-called positive DAC unlock of $166 million, or 34 cents a share, driven by global equity-market appreciation, Hartford said.

Over the past 52-week, the stock had traded within the range of $18.81-$30.46. At today`s closing market price, the market capitalization of the company stood at $10.53 billion.

XL Group plc (NYSE:XL) slid 0.81% to $19.55. The company said this month that third-quarter net income came in at $77.5 million, or 23 cents per ordinary share. That compares to a net loss of $11.4 million, or 3 cents a share, in the third quarter of 2009.

XL was expected to make 61 cents a share, according to the average estimate of analysts in a FactSet survey. Net investment income for the latest quarter was $296.7 million compared to $327.1 million in the prior year quarter.

Over the past 52-week, the stock had traded within the range of $15.59-$22.51 and is up more than 6% year-to-date.

CBL & Associates Properties, Inc. (NYSE:CBL) went up 1.39% to $16.08. For the third quarter, the company, this month, reported FFO of $89.5 million, or 47 cents a share, compared with $94.2 million, or 50 cents a share, a year ago.

Analysts on average were expecting 44 cents a share.

The company raised its full-year FFO view to $1.93-$1.99 a share, up from its prior estimates of $1.87-$1.90. Analysts on average were expecting $1.96 a share, according to Thomson Reuters.

Over the past one month of trading sessions, the stock went up more than 9%.

Article published by Wall Street Grand. Visit the Wall Street Grand Club today.

SAFE LINK

Disclaimer:

For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html