Financial Results and Agreements - Research Report on Lincoln Financial Group, Genworth, Omega, ING, and Healthcare Realty Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 1, 2014 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Lincoln National Corp. (NYSE: LNC), Genworth Financial Inc. (NYSE: GNW), Omega Healthcare Investors Inc. (NYSE: OHI), ING Groep NV (NYSE: ING), and Healthcare Realty Trust Inc. (NYSE: HR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lincoln National Corp. Research Report
On October 30, 2013, Lincoln National Corp. (Lincoln Financial Group) reported its financial results for Q3 2013 with revenues of $3.0 billion, up 1.9% YoY. Lincoln's net income for Q3 2013 was $337 million or $1.23 per diluted share, versus $428 million or $1.51 per diluted share in Q3 2012. Q3 2013 income from operations was $367 million or $1.34 per diluted share, versus $362 million or $1.27 per diluted share in Q3 2012. Dennis R. Glass, President and CEO of Lincoln Financial Group, said, "Lincoln delivered another quarter of strong earnings growth driven by strong sales, positive net flows and favorable equity markets. Long-term ROE development is being helped by the sales growth of re-priced products, the change in new business mix to higher return products and significant share repurchase activity. The ability to sell more products at higher prices demonstrates the capacity of our franchise to build long-term value. In addition, our new $4 billion variable annuity living benefit reinsurance agreement is evidence of our industry leading innovation and commitment to product risk diversification." The Full Research Report on Lincoln National Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Genworth Financial Inc. Research Report
On October 29, 2013, Genworth Financial Inc. (Genworth) reported its financial results for Q3 2013. Genworth's net income was $108 million or $0.22 per diluted share in Q3 2013, compared to $35 million or $0.07 per diluted share in Q3 2012. Net operating income for Q3 2013 was $119 million or $0.24 per diluted share, compared to $111 million or $0.22 per diluted share in Q3 2012. Tom McInerney, President and CEO, said, "Genworth is moving forward and rebuilding shareholder value through solid operating performance from our divisions, the increasing impact of long term care rate actions and continued achievement of key milestones. We have increased our cash balance, established a new credit line, and addressed our near term debt maturities, which have strengthened our balance sheet and increased financial flexibility." The Full Research Report on Genworth Financial Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Omega Healthcare Investors Inc. Research Report
On October 31, 2013, Omega Healthcare Investors Inc. (Omega) reported its financial results for Q3 2013, with total operating revenues of $103.3 million, reflecting a growth of 18.6% YoY. Omega also declared Funds from Operations (FFO) available to common stockholders of $70.3 million or $0.59 per common share during the quarter, which also includes a $2.3 million provision for uncollectible straight-line accounts receivable and $1.5 million of non-cash stock-based compensation expense. The Full Research Report on Omega Healthcare Investors Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
ING Groep NV Research Report
On November 1, 2013, ING Groep NV (ING) reported that it has entered into an agreement with the Dutch State on the unwinding of the Illiquid Assets Back-Up Facility (IABF). According to the Company, the facility was established in 2009, in order to reduce the risk and uncertainty for ING from a portfolio of US Alt-A mortgage securities. ING informed that market developments now authorize the unwinding of the facility, along with selling the securities, with a cash profit for the Dutch State. Ralph Hamers, CEO of ING Group, said, "While we are grateful for the support the Dutch State extended to us in 2009, we are pleased that today we can announce the end of the Alt-A arrangement. Over the past years we have worked hard to make ING stronger and simpler and to limit risks. We are looking ahead to take ING through the last phase of our restructuring and work on further focusing our company on serving our customers." The Full Research Report on ING Groep NV - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Healthcare Realty Trust Inc. Research Report
On October 30, 2013, Healthcare Realty Trust Inc. (Healthcare Realty) reported its financial results for Q3 2013, with revenues of $84.8 million, up 10.2% YoY, and net income attributable to common stockholders of $19.8 million, up 239.9% YoY. Among the few other highlights of the quarter- Healthcare Realty purchased two medical office buildings totaling 286,000 square feet for a total purchase price of $77.5 million; in September 2013, Healthcare Realty successfully purchased the orthopedic surgical facility in Springfield, Missouri for $102.6 million; and it also declared a dividend of $0.30 per common share, which is 88.2% of normalized FAD. The Full Research Report on Healthcare Realty Trust Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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