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CIGNA CI Stock News

CIGNA Corporation (NYSE: CI)

CIGNA wasn’t off to the best of days in the market today. In fact, the stock was trading well into the red when the trading session opened. Through the morning, it eventually made it back up to the breakeven point, only to lay flat for a while and then start falling again. However, minutes ago, the stock started spiking upward in a big way. Below, we’ll talk about what we’re seeing from CI, why, and what we’ll be watching for ahead.





What We’re Seeing From CI

As mentioned above, today wasn’t looking like it was going to be a great one for CIGNA early on in the session. Unfortunately, the stock started the day in the red, and while it fought to get back to the breakeven point, it seemed as though it was destined to land red for the day. That is, until minutes ago when the stock started spiking. Currently (10:53), CI is trading at $145.65 per share after a gain of $3.89 per share (2.74%) thus far today.

Why The Stock Is Headed Up

Our partners at Tradespoon were the first to inform us of the spike on CI. As soon as they did, the CNA Finance team started digging to see what was causing the movement. In this case, the answer to our question was found on Twitter. At the moment, the merger between CIGNA and Anthem looks like it may hit a snag.


A message on Twitter pointed out that the New York Post says that it sees the merger being blocked. While many agreed with the merger, many were against it as well. Nonetheless, it’s not over until the figurative fat lady sings, and we’re nowhere near that point just yet.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching the story surrounding the potential merger between CI and ANTM incredibly closely. While it looks like it may have hit a snag, nothing is final quite yet. We’ll be watching the news closely and bringing it to you as it breaks!

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OneBeacon Insurance Group, Ltd. OB Stock News

OneBeacon Insurance Group, Ltd. (NYSE: OB)

OneBeacon Insurance Group was off to what seemed to be a relatively normal day in the market today. After starting in the red at the start of the session, the stock went on a steady path for the green. From there, we’ve seen a continuation of slow, yet steady movement, but nothing that would be considered exciting. However, minutes ago, that all changed as the stock spiked upward. Below, we’ll talk about what we’re seeing from OB, why, and what we’ll be watching for ahead.





What We’re Seeing From OB

As mentioned above, OneBeacon was off to a normal day in the market at the open today. When the bell rang, the stock started slightly in the red. Throughout the day, we’ve seen slow, yet steady movement, pushing the stock in the green and beyond. Nonetheless, nothing about it was exciting. That is, until minutes ago when the stock started spiking upward in a big way. Currently (11:31), OB is trading at $16.80 per share after a gain of $1.64 per share (10.82%) thus far today.

Why The Stock Is Climbing

Our partners at Trade Ideas were the first to notify us of the spike on OB. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this case, it didn’t take long to find the story. In fact, the movement seems to be the result of a Bloomberg report that was released just minutes ago.


In the report, Bloomberg says that OneBeacon Insurance Group is currently exploring the possibility of being acquired. Of course, if the company is indeed sold, shareholders would likely receive tremendous value, as acquisitions tend to happen at strong premiums. As a result, the stock is spiking!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on OB. In particular, we’ll be watching for news associated with this potential acquisition. This could be a big win for all investors involved. We’ll watch the news closely and bring it to you as it breaks!

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Hartford Financial Services Group Inc HIG Stock News

Hartford Financial Services Group Inc (NYSE: HIG)

Hartford Financial Services Group was off to a relatively normal day in the market today. When the opening bell rang, the stock was slightly in the red. From there, the stock quickly recovered, making it green. Since then, we’ve seen a continuation of slow, yet steady movement upward. However, minutes ago, that slow movement turned into a mad dash as the stock spiked upward. Below, we’ll talk about what we’re seeing from HIG, why, and what we’ll be watching for ahead.





What We’re Seeing From HIG

As mentioned above, Hartford Financial Services Group was off to what seemed to be a normal start to today’s trading session. When the opening bell rang, the stock was trading slightly in the red. However, it didn’t take very long to recover. Since then, we’ve seen a continuation of gains at a relatively slow pace. Nonetheless, minutes ago, things changed as the stock started spiking upward. Currently (10:47), HIG is trading at $48.99 per share after a gain of $0.45 per share (0.93%) thus far today.

Why The Stock Is Spiking

As soon as our partners at Trade Ideas alerted us that HIG was making a run for the top, the CNA Finance team started digging to see exactly what was causing the movement. It didn’t take long to dig up the story in this case. While the company has not released any fundamental news that would lead to such gains, we were able to find an interesting rumor in the social space.


At the moment, regardless of which social network happens to be your favorite, if you do a search for Hartford Financial Services Group, chances are that you’ll find the rumor. It is that the company is being taken over. In this case, the rumor even names Chubb (CB) as the potential buyer. However, the rumor has not been confirmed from either side as of yet.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on HIG. In particular, we’re interested in learning if there is any validity to this rumor. After all, if the company is acquired, tremendous value would likely be returned to shareholders. Nonetheless, we’ll keep a close eye on the news and bring it to you as the story continues to unfold.

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CIT Group CIT Stock News

CIT Group (NYSE: CIT)

CIT Group was off to what seemed to be an overwhelmingly strong day in the market today. When the trading session opened, the stock was already trading green. From there, it started moving further and further upward. However, minutes ago, we started to notice a downward spike on the stock. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to CIT ahead.





What We’re Seeing From CIT

As mentioned above, CIT Group was off to what looked like a strong day in the market today. At the opening bell, the stock was already trading in the green and looking to go higher. Throughout the morning, we saw a continuation of positive movement, causing stronger and stronger gains. Unfortunately however, minutes ago, the stock took a turn for the worse as it started spiking downward. At the moment (10:29), CIT is trading at $41.83 per share after a gain of $0.38 per share (0.92%) thus far today.

Why The Stock Spiked Downward

In this case, our partners at Tradespoon were the first to alert us to the downward spike on CIT. As soon as they did, the CNA Finance team went to work to figure out just what was causing the movement. Unfortunately, we seem to have found what we were looking for, and it’s not good news. It seems as though the downward spike is the result of a possible investigation.


At the moment, there’s a rumor circling social media, that, if true, could prove to be very bad news for CIT Group. That rumor is that the company is under investigation by the New York Attorney General with regard to servicing practices. At this point, the rumor is unconfirmed. Nonetheless, if it is true, it can’t be good. The rumor also suggests that Nationstar Mortgage Holdings (NSM) is under investigation.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CIT. In particular, we’re interested in learning whether or not there is any validity to this rumor. We’ll keep a close eye on the news and be sure to update you as it breaks!

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Groupon GRPN Stock News

Groupon Inc Common Stock (NASDAQ: GRPN)

Groupon was having what seemed to be a rough day in the market today. When the trading session opened, the stock was trading slightly in the red. From there, we saw steady declines on the stock, bringing it further and further into the abyss. However, minutes ago, things changed as the stock started to spike upward. Below, we’ll talk about what we’re seeing from GRPN, why, and what we’ll be watching for ahead.





What We’re Seeing From GRPN

As mentioned above Groupon was off to what seemed to be a rough day in the market today. At the opening of the trading session, the stock was trading slightly in the red. However, things got worse as the morning progressed. It seemed as though the only direction the stock knew was down! Nonetheless, minutes ago, that all changed as the stock started spiking upward in a big way. Currently (11:33), GRPN is trading at $3.61 per share after a gain of $0.11 per share (3.14%) thus far today.

Why The Stock Is Spiking Upward

As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on GRPN. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this case, it didn’t take long. While we didn’t find any fundamental news released by the company that would lead to such gains, we did find something interesting in the social space.


At the moment, there’s a big rumor circling Groupon in the world of social media. That rumor is that Alibaba is going to make a bid to take the company over. This is a long awaited move, and it makes a whole lot of sense. However, it’s important to keep in mind that, at the moment, this is nothing more than a rumor. Nonetheless, it sure is getting investors excited.

What We’ll Be Watching Ahead

Moving forward, the CNA Finance team will be watching GRPN incredibly closely. In particular, we’re watching to see if there is any validity to the rumor. Of course, if Alibaba does indeed buy GRPN, it would be a great thing for investors. We’ll keep a close eye on the story and bring the news to you as it breaks!

Update: Alibaba announced it has no plans of acquiring GRPN.

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IEG Holdings IEGH Stock News

IEGH is continuing to attract market attention, recently grabbing the focus of ACF Equity Research, which has provided a value upgrade and share price target of $8.58 per share.

The value increase projected by ACF is based on the organic growth that IEGH is delivering in regard to booked loans, free cash flow models, and its aggressive and successful expansion into additional markets throughout the United States. The increased price target excludes the potential value from a completed acquisition of OneMain Holdings, which IEGH announced its intent on January 6, 2017.





Basis For Value Upgrade

The ACF upgrade was considered on several fronts. First, IEGH has confirmed its guidance to become free cash flow positive in Q1 of 2017E, benefiting from aggressive cost cutting and an efficient business model. Next, IEGH has announced its intention to commence paying a regular cash dividend beginning in 2017. And, finally, IEGH will be initiating a stock repurchase program that has been authorized by the board of directors. The stock repurchase program will purchase shares on the open market, utilizing an allocation of $2 million dollars for the program.

IEGH has been steadfast in delivering shareholder value, reaching its FCF positive position well ahead of forecast. The company has delivered record growth for the year ending December 31, 2016 and is on a path to expand its service base into 25 states by the middle of 2017.

Additional Value From OneMain Acquisition

Absent from the upgrade is the value that may be gained from its unsolicited all-stock acquisition offer for OneMain Holdings.


IEGH is working to educate OneMain investors as to the synergistic and long-term benefit of accepting the IEGH offer. IEGH believes that they can immediately cut over $1 billion dollars in unnecessary costs from a combined overhead, eliminate brick and mortar locations, and resize the combined company to efficiently take advantage of growing consumer demand for online loans. IEGH offers a simple and expedited lending experience, with a clear application process designed to provide complete lender transparency.

The terms of the offer call for two IEGH shares to be given for each single share of OneMain Holdings common stock. IEGH management believes that the offer can be immediately accretive and lead to a paramount shift for a combined IEGH/OneMain, delivering a combined profitable entity that will not be burdened with excessive executive and real property overhead.

Acquisition Opportunity

If IEGH shares continue to gain traction, the terms of the deal are not necessarily out of proportion. While on paper the two companies appear to be miles apart on valuation, it must be said that, while IEGH is delivering on its ability to deliver positive FCF, the same cannot be said of OneMain. Additionally, OneMain does not offer a dividend to shareholders at this time.

It may be worth the while of both companies to sit and discuss the streamlined benefits of a combined entity.

With brick and mortar clearly being phased out in a broad spectrum of commerce, OneMain should, perhaps, pay closer attention to what IEGH has to offer – as should their shareholders, who have the most to gain or lose.

CNA Finance will keep followers apprised of additional and real-time developments.

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Brookdale Senior Living BKD Stock News

Brookdale Senior Living, Inc. (NYSE: BKD)

Brookdale Senior Living didn’t look like it was having the best of days in the market today. When the opening bell rang, the stock was slightly in the red. From there, we saw slow and steady declines until about 10:15. While the stock has been slowly working to recover, it was in the red all day. That is, until minutes ago when it started spiking. Below, we’ll talk about what we’re seeing in the market, why, and what we’ll be watching for with regard to BKD ahead.





What We’re Seeing From BKD

As mentioned above, Brookdale Senior Living wasn’t off to the best of days in the market today. When the opening bell rang, the stock was slightly in the red. While it did remain in the red for most of the day, since about 10:15 it has been working to recover. Now, that recovery has been kicked into overdrive. Minutes ago, the stock started spiking. By 12:45, it was halted after reaching $15.02 per share folowling a gain of $2.17 per share (16.89%) thus far today.

Why The Stock Is Spiking

As is usually the case, our partners at Trade Ideas were the first to notify us of the gains on BKD. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this case, it didn’t take long to uncover the story. It seems as though the gains may be the result of a potential deal.


Here’s what we do know… It is a fact that the stock was in the red for most of the day. It is also a fact that the stock started spiking minutes ago before being halted. Now, why it was spiking is still a mystery, but it seems to be the result of a deal in progress according to social rumors. This may be an acquisition my friends!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BKD. In particular, we’re watching to see what the true reason for the halt is. If it does turn out to be an acquisition, we can expect a big jump when this thing reopens. We’ll watch the news closely and bring it to you as it breaks!

Update: Rumor is evolving – CSU is said to be the buyer.

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IEG Holdings IEGH Stock News

IEGH responded swiftly and with determination on Monday after OneMain Holdings made a public statement calling IEGH’s bid to acquire all of the outstanding shares of OneMain stock as “grossly inadequate”. Our partners at Trade Ideas provided a real time news alert after hours, bringing the IEGH response to our news desk.





IEGH Disagrees And Makes Case For Acquisition

Despite the strong rhetoric from management at OneMain Holdings, IEGH Chairman and CEO, Paul Mathieson, strongly disagrees with OneMain’s sentiment and insists that OneMain shareholders should be afforded a say in the matter.

Despite the difference in company valuation, IEGH may, in fact, be offering a better method of conducting business. In a generation where brick and mortar concepts are falling by the wayside, as evidenced by the continued erosion of mega-retail giants like Macy’s, Limited, and Aeropostale, IEGH’s belief that brick and mortar is becoming an antiquated method of conducting business is not without merit.


IEGH is bringing their case to all shareholders, offering a compelling value proposition to OneMain and IEGH shareholders, citing a plan to accelerate a route to transition from the archaic OneMain brick and mortar business model, to the modern online-only method of lending that IEGH is successfully implementing across the United States.

IEGH is making a case that by failing to take the offer seriously, the OneMain board of directors demonstrates that they remain out of touch with the trend in the industry and may place the company at risk, as the online lending sector continues to consolidate and will likely make continued profitability difficult for brick and mortar concepts.

IEGH Tells Investors Why

According to IEGH, key benefits of combining IEG Holdings and OneMain include:

  • Significant business synergies from combining the two businesses, including estimated cost savings of at least $1 billion per year from transforming the OneMain brick and mortar business model to IEG Holdings’ 100% online only distribution business model, resulting in the closure of over 1,700 OneMain offices, termination of over 11,000 employees, substantial cuts in advertising/marketing costs, and other significant cost cutting measures, including a cut in the Chief Executive Officer’s annual base salary to $1 per year and reduction in aggregate annual executive compensation by at least $40 million.
  • Improvement in combined business from re-branding of OneMain to the Mr. Amazing Loans brand, termination of low margin OneMain business segments with a new focus on high margin unsecured loans to near prime clients, focus on refinancing of existing high quality OneMain customers and termination of lending to sub-prime OneMain customers with FICO score of less than 600 to reduce OneMain loss levels.

IEGH Urges Negotiation

From its release, IEG Holdings urges OneMain to enter into negotiations with IEGH, rather than simply dismiss the synergies of transitioning its customers online and $1 billion per annum of cost savings that could be obtained from a merger of the two companies.

On January 5, 2017, IEG Holdings commenced a tender offer to purchase up to all of the outstanding shares of OneMain’s common stock, provided, however, that IEGH is willing to accept any number of shares of OneMain common stock, even if such shares, in the aggregate, constitute less than a majority of OneMain’s outstanding common stock. IEG Holdings is offering to exchange two shares of IEGH common stock for each outstanding share of OneMain common stock.

Paul Mathieson, IEGH Chairman and Chief Executive Officer, said, “We ask OneMain shareholders to consider whether they wish to move forward with an online business model aimed at the future or continue to support an outdated ‘brick and mortar’ model. We are surprised by OneMain’s dismissive response to IEGH’s offer. The response highlights the importance of our offer as history is littered with the relics of archaic ‘brick and mortar’ business models being overrun with an improved online variant, for example ‘Netflix’ versus ‘Blockbuster’.”

IEGH Reasons for the Offer

In a statement, IEGH said that the IEGH Board strongly refutes certain OneMain assertions and confirms that there is significant strategic rationale for combining IEG Holdings and OneMain. The two businesses are complementary with a similar core personal loan product (albeit delivered online by IEG Holdings), competing for similar customers in 19 of the same 43 states. IEG Holdings believes that significant shareholder value would be created by eliminating the majority of the redundant staff and office cost structure of the outdated OneMain business model while transitioning the existing customer base to the IEG Holdings online distribution business model.

Consummation of the offer is conditioned upon satisfaction of certain customary conditions. Shares that are tendered pursuant to a notice of guaranteed delivery but not actually delivered to the depository and exchange agent for the tender offer, Computershare Trust Company, N.A., prior to the expiration time of the offer will not be deemed to be validly tendered into the offer unless and until such shares underlying such notices of guaranteed delivery are delivered.

The offer is scheduled to expire at 12:00 Midnight Eastern time on Monday, February 6, 2017, unless the offer is extended or earlier terminated.

CNA Finance will keep followers apprised of further and real-time developments.

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Darden Restaurants DRI Stock News

Darden Restaurants, Inc. (NYSE: DRI)

Darden Restaurants was off to what seemed to be a rough day in the market today. When the opening bell rang, the stock started on a mad dash toward losses. However, over the past few minutes, we’ve watched as the stock started to spike. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to DRI ahead.





What We’re Seeing From DRI

As mentioned above, Darden Restaurants was off to what looked like it was going to be a bad day in the market. At the open, the stock took an immediate dive into the red. However, about an hour into the day, the stock reversed and started working its way back to the breakeven mark. Then, just minutes ago, it started to spike. Currently (11:12), DRI is trading at $71.85 per share after a gain of $0.30 per share (0.42%) thus far today.

Why The Stock Is Spiking Upward

As is nearly always the case, our partners at Trade Ideas were the first to inform us of the run on DRI. When they did, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it took no time at all to uncover the story. It seems as though the gains are being caused by an announcement that the company has canceled a trade show.


Any time a conference or trade show is canceled, investors tend to get excited. While there are many reasons that something like this can happen, the first thing investors seem to think is acquisition. After all, if the company is considering selling itself, it couldn’t do the trade show because it would be in a quiet period. Nonetheless, this could also mean that someone has the sniffles. At the end of the day, all we know is that DRI has canceled a trade show. The reason is still a mystery.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DRI. In particular, we’re looking for the reason for the trade show cancellation. While we will not jump to a conclusion, we are excited to see what comes of this. We’ll watch the news closely and bring it to you as it breaks!

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Best Buy BBY Stock News

Best Buy Co Inc (NYSE: BBY)

Best Buy was off to what seemed to be a normal day in the market today. When the opening bell rang, the stock made a run upward. From there, we saw some upward movement and some downward movement, but nothing was exciting enough to write home about. That is, until minutes ago when the stock started to spike. Below, we’ll talk about what we’re seeing in the market, why, and what we’ll be watching for with regard to BBY ahead.





What We’re Seeing From BBY

As mentioned above, Best Buy was having what seemed to be a relatively normal day in today’s trading session. When the market opened, the stock started working toward the top before hitting resistance and correcting. Since then, we’ve seen some movement upward and downward, but nothing too exciting. That is, until minutes ago when the stock started to spike. At the moment (10:30), BBY is trading at $43.19 per share after a gain of $0.42 per share (0.98%) thus far today.

Why The Stock Is Gaining

As is normally the case, our partners at Trade Ideas were the first to inform us of the run on BBY. As soon as they did, the CNA Finance team started digging to see exactly what was causing the spike. In this case, it didn’t take long to uncover the story. It seems as though the gains are the result of news out of the FBI.


Early this morning, there was a report released on TechDirt stating that the FBI is “Apparently Paying Geek Squad Members” to dig around in computers for evidence of criminal activity. Of course, we know that Geek Squad and Best Buy are essentially one and the same. So, investors are excited about the revenue.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BBY. In particular, we’re interested in finding out if the FBI is indeed paying Geek Squad, and if so, how much and for what exactly? We’ll keep a close eye on the news and bring it to you as it breaks!

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Thought Leader Discussions

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Aytu Bioscience Inc (OTCMKTS: AYTU) Recently, the CNA Finance team had an opportunity to speak with Josh Disbrow, CEO of Aytu Bioscience. Josh Disbrow has...