Life insurance stocks fall as investors fret over Q1
February 7, 2010 – 7:40 pmShares of U.S. life insurers, including Lincoln National (LNC.N) and Prudential Financial (PRU.N), fell on Monday as investors grew concerned that the sector will report that it took another beating in the first quarter.
Investors in life insurers, which report quarterly results in a few weeks, “should brace for another highly challenging earnings season,” said Morgan Stanley analyst Nigel Dally, in a research note issued Monday titled “Earnings Outlook: More tough times…”
Reuters: Life insurance stocks fall as investors fret over Q1
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