Definitive Agreements, Launch of New Insurance Products, Asset Acquisition, Dividends - Analyst Notes on Protective, AIG, Aviv, TCF Financial and EastGroup

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09 Jun, 2014, 05:50 ET from Analysts Review

NEW YORK, June 9, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Protective Life Corp. (NYSE: PL), American International Group, Inc. (NYSE: AIG), Aviv REIT, Inc. (NYSE: AVIV), TCF Financial Corporation (NYSE: TCB) and EastGroup Properties Inc. (NYSE: EGP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: -- Protective Life Corp. Analyst Notes On June 3, 2014, Protective Life Corp. (Protective) announced that it has entered into a definitive agreement with Dai-ichi Life Insurance Company, Limited (Dai-ichi Life) under which Dai-ichi Life will acquire all outstanding Company shares for $70.00 per share in cash or an estimated $5.7 billion in total transaction value. According to the Company, the transaction consideration represents a 34% premium over the Company's unaffected closing stock price of $52.30 as of May 30, 2014. Commenting on the news, John D. Johns, Protective's President and CEO, stated, "This transaction will enable Protective to deliver substantial, immediate cash value to our shareholders while maintaining our mission and continuing on our growth trajectory." Johns added, "This transaction is a testament to the talent, dedication and excellent execution by the Protective employees and management team, and we are thrilled to be combining with such a prestigious, financially strong company as Dai-ichi Life." The full analyst notes on Protective are available to download free of charge at: -- American International Group, Inc. Analyst Notes On June 2, 2014, American International Group, Inc. (AIG) announced the launch of Elite Survivor Index II. Tim Heslin, Vice President, Product Strategy and Implementation, AIG Global Consumer Insurance, stated, "Elite Survivor Index II provides the benefits of traditional universal life insurance along with the potential for greater growth in policy value. With increased cap rates, now at 13 percent, and higher participation rates, now at 70 percent, the product offers strong upside potential for growth if the market performs well. Further, a new Choice Loan option allows access to the funds while they remain eligible for index interest, so this is life insurance you don't have to die to use." According to the Company, the Elite Survivor Index II is a cost-effective joint and last survivorship index universal life insurance which features a built-in death benefit with a no-lapse guarantee plus upside potential and downside protection, along with the option to access the cash value of the policy anytime after the first year of issue. The full analyst notes on AIG are available to download free of charge at: -- Aviv REIT, Inc. Analyst Notes On June 2, 2014, Aviv REIT, Inc. (Aviv) announced that it has acquired a post-acute and long-term care skilled nursing facility (SNF) for $6.0 million. According to the Company, the SNF located in Kentucky, is a triple-net leased to existing Aviv operator Diversicare Healthcare Services. Aviv Chairman and CEO, Craig M. Bernfield, stated, "We have continued our strong and consistent pace of investment activity by closing our 9th acquisition in 2014, with our year-to-date investments now reaching $195 million. This represents our third follow-on acquisition with Diversicare in the past year and is another attractive off-market opportunity sourced by our business development team. We are optimistic about our ongoing growth prospects because of the strength of our operator relationships and our national network of industry contacts." The full analyst notes on Aviv are available to download free of charge at: -- TCF Financial Corporation Analyst Notes On June 4, 2014, TCF Financial Corporation's (TCF Financial) stock went up by 0.44%, closing at $16.06 per share. For the past three-day trading period, the Company's stock went up by 1.07%, compared to the Dow Jones Industrial Average which increased by 0.12% during the same trading period. The full analyst notes on TCF Financial are available to download free of charge at: -- EastGroup Properties Inc. Analyst Notes On May 29, 2014, the Board of Directors of EastGroup Properties Inc. (EastGroup) has declared a quarterly cash dividend of $0.54 per share, representing 138th consecutive quarterly dividend paid by the Company. According to the Company, the dividend is payable on June 30, 2014, to common shareholders of record as of June 20, 2014. Additionally, the EastGroup stated that the dividend represents an annualized dividend rate of $2.16 per share. The full analyst notes on EastGroup are available to download free of charge at: -- About Analysts Review We do things differently. Our goal is to provide the best content to our exclusive membership. 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