Published On: Mon, Jan 20th, 2014

Financial Sector Mover – SLM Corp (NASDAQ:SLM), Brown & Brown, Inc. (NYSE:BRO), Tanger Factory Outlet Centers Inc. (NYSE:SKT)

SLM Corp (NASDAQ:SLM) performed  not well, shares lost -9.48% with trading volume of $18.46M shares. The stock settled at $24.47 after floating in a range of $24.42 to $25.83. The firm has declared its Q4 profit plunged 22% on better losses on derivative and hedging actions, masking lower loan-loss provisions and an increase in loan originations.

INSIDE FACTS: As firm has market capitalization of $10.50B, with enterprise value of $154.86M. The company has the price over sales value of $3.67 whereas its price over book value of $2.30 for the most recent quarter. SLM Corp has the total cash of $6.08B as compares to total debt of $150.44B for the most recent quarter with the current ratio of 11.01 for the most recent quarter.

Shares of Brown & Brown, Inc. (NYSE:BRO) after opening at $32.25 reached its day high price of $32.68 and then closed at $32.41 by shares raised 0.65% in last trading session. CEO and President of the firm, J. Powell Brown declared that Brown & Brown, Inc. has entered into a merger agreement to acquire The Wright Insurance Group, LLC.

AVERAGE ANTICIPATES: For fourth quarter of 2013, the consensus average estimates of street for the revenue are $348.20M, while 11 expert predicts $376.65M revenues for the first quarter of 2014. The firm sales growth (year/est) is calculated 15.00% in Current Qtr. (Dec 13) and for first quarter 2014 was predicted 12.40%.

Tanger Factory Outlet Centers Inc. (NYSE:SKT) fall -1.23% in last session as it has a market cap of $3.18B with outstanding shares of $94.48M. The firm expected to release its fourth quarter results on Feb 12, 2014. The firm is a fully integrated, self-administered, and self-managed real estate investment trust (REIT), which focuses on developing, acquiring, owning, operating, and managing outlet shopping centers.

RATING HISTORY: Stock analysts at Tanger Factory Outlet Centers downgraded/upgrade their rating on shares from “Buy” to “Hold” in a report issued on November, 13th. Previously Standpoint Research retreats its rating at “Fair Value.” The mean price target of the firm is predicted in range of $30.00 to $40.00.


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