Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Salomon Upgrades Amerus to 'Outperform'

Salomon Smith Barney upgraded Amerus Group (AMH) to outperform from in-line.

On Friday the life insurance company posted 92 cents fourth quarter earnings per share (excluding items). Analyst Lisa Fasano says she considers Amerus to be the best small-cap idea. She upgraded on increased comfort with the company's stable fundamentals, attractive valuation, solid capital base, and appealing business franchise. She notes Ameurs has grown into a top 15-ranked writer of fixed life insurance, and a top 10-ranked writer of fixed annuities (both based on sales). At the current valuation, she views the stock as compelling.

Fasano says her $34 target, at 8.9 times the esimated 2003 earnings per share, represents a 29% potential upside. She notes fourth quarter earnings per share is in line with her estimate.

blog comments powered by Disqus