Delphi Declares Share Buyback - Analyst Blog
12 8월 2011 - 9:30PM
Zacks
Earlier during the week, Delphi Financial Group
Inc. (DFG) announced a new $50 million
share repurchase authorization, which will replace the existing
authorization to buy back 1.0 million shares.
Delphi also announced regular quarterly dividend of 12 cents per
share, which will be payable on August 31, to the shareholders of
record as of August 17, 2011. During May, the company announced a
9% hike in quarterly dividend to 12 cents, marking a single cent
increase from the previous quarter. With the increased annual
dividend of 48 cents per share, Delphi ’s dividend yield stands at
1.6%. The company has been consistently increasing dividends since
its initiation of dividend payment in 2001. Delphi has grown its
annual dividend by an average of 16.7% over the past five
years.
Delphi’s balance sheet solidity is derived from its long-tail
and stable group insurance liability. Its low debt-to-capital
ratio, which currently stands at 17%, also accounts for its
inherent strength.
Delphi posted strong second quarter earnings, with revenue
increase of 12.6% year over year, led by increased fees and premium
income, higher net investment income and lower impairment losses.
Though the bottom-line earnings of 86 cents per share missed the
Zacks Consensus Estimate by 5 cents, it was up year over year by 7
cents per share.
Delphi competes with life as well as property and casualty
insurers. Reinsurance Group of America Inc.
(RGA), StanCorp Financial Group
Inc. (SFG), Torchmark
Corp. (TMK), and Unum
Group (UNM) are some of the life
insurance peers of Delphi. Its property and casualty competitors
include American Financial Group, Inc.
(AFG), American Safety Insurance Holdings
Ltd. (ASI) and W.R. Berkley
Corp. (WRB).
The stock of Delphi carries a Zacks Rank # 2, which implies a
‘Buy’ rating over the near term. However, over the longer term (6+
months), we carry a “Neutral” outlook on the stock.
AMER FINL GROUP (AFG): Free Stock Analysis Report
AMER SAFETY INS (ASI): Free Stock Analysis Report
REINSURANCE GRP (RGA): Free Stock Analysis Report
STANCORP FNL CP (SFG): Free Stock Analysis Report
TORCHMARK CORP (TMK): Free Stock Analysis Report
UNUM GROUP (UNM): Free Stock Analysis Report
BERKLEY (WR) CP (WRB): Free Stock Analysis Report
Zacks Investment Research
American Financial (NYSE:AFG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
American Financial (NYSE:AFG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024