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SFG $114.97

SFG target price
114.97
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StanCorp Financial Group
Type
Subsidiary
Industry insurance
Founded 1906
Headquarters Standard Plaza
Portland, Oregon,
United States
Key people
J. Gregory Ness (CEO)
Products group life insurance, annuities, group dental insurance, group retirement plans
Revenue $2,492,900,000 (2006)
Operating income
Increase $309,700,000 (2006)
Net income
Increase $203,800,000 (2006)
Number of employees
3,280
Parent Meiji Yasuda Life Insurance Company
Subsidiaries Standard Insurance Company, The Standard Life Insurance Company of New York, StanCorp Investment Advisers, Inc., StanCorp Mortgage Investors, LLC, Standard Retirement Services, Inc.
Website www.StanCorpFinancial.com
Footnotes / references
financial data

StanCorp Financial Group, Inc. is an insurance and financial services company based in Portland, Oregon, United States. In 2006 it ranked as number 731 on the Fortune list with in excess of $2 billion in annual revenues. Founded in 1906, the company's main subsidiary is Standard Insurance Company. From 1999 until 2016, StanCorp was publicly traded on the New York Stock Exchange.

The company was founded in Oregon in 1906. On February 24, Leo Samuel founded the Oregon Life Insurance Company. In 1946 the company name was changed to Standard Insurance Company. Then in 1962, the company moved its headquarters into the newly constructed Standard Plaza building. Thirty years later, Standard Insurance acquired the Georgia-Pacific Building in 1982 when Georgia-Pacific moved its headquarters to Atlanta, GA. Then in 1998, StanCorp Financial Group, Inc. was created as the holding company for all the business divisions of the company. The following year the company went public, trading on the New York Stock Exchange.

StanCorp's Standard Insurance purchased part of Teachers Insurance and Annuity Association (TIAA) group life and disability portfolio in 2002 for $75 million. In May 2004, Ron Timpe was succeeded by CEO Eric Parsons as the company’s chairman of the board of directors. In January 2006, StanCorp was named to the Platinum 400 by Forbes magazine for the fourth year. Later in 2006, the company purchased investment services firm Invesmart for $85 million.

In 2007, StanCorp made the Fortune 1000 list at number 746. The company purchased several retirement plan administrators in July 2007 to add to their Retirement Services division. As of 2007, all of the divisions employ a total of 3,280 people at approximately 90 offices across the United States. They are headquartered in the Standard Insurance Center and the Standard Plaza buildings in downtown Portland.

Meiji Yasuda Life Insurance Company announced it would purchase StanCorp for $5 billion in July 2015. The deal was completed in March 2016.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-07-15 Reiterated Rating Deutsche Bank Hold $69.00 to $71.00
2015-07-15 Reiterated Rating Deutsche Bank AG Hold $69.00 to $71.00
2015-07-08 Reiterated Rating Deutsche Bank Hold
2015-07-02 Reiterated Rating Deutsche Bank Hold
2015-06-01 Initiated Coverage Piper Jaffray Neutral $81.00
2015-06-01 Initiated Coverage Piper Jaffray Cos. Neutral $81.00
2015-04-27 Boost Price Target Jefferies Group Hold $70.00 to $75.00
2015-04-14 Downgrade Bank of America Neutral to Underperform $68.00
2015-04-14 Downgrade Bank of America Corp. Neutral to Underperform $68.00
2015-01-30 Lower Price Target Morgan Stanley $67.00 to $64.00
2015-01-29 Initiated Coverage Jefferies Group Hold $70.00
2015-01-07 Lower Price Target DA Davidson Hold $68.00 to $67.00
2014-10-13 Upgrade Sterne Agee CRT Neutral to Buy $66.00 to $74.00
2014-09-03 Initiated Coverage Deutsche Bank Hold $67.00
2014-07-24 Reiterated Rating Credit Suisse Neutral $65.00 to $63.00
2014-07-24 Reiterated Rating Credit Suisse Group AG Neutral $65.00 to $63.00
2014-04-30 Upgrade Morgan Stanley Underweight to Equal Weight
2014-04-25 Upgrade Sterne Agee CRT Underperform to Neutral $67.00
2014-04-24 Reiterated Rating Credit Suisse Neutral $65.00
2014-04-24 Reiterated Rating Morgan Stanley Underweight $64.00
2014-02-03 Downgrade Goldman Sachs Neutral to Sell $66.00
2014-01-30 Upgrade Bank of America Underperform to Neutral $68.00 to $59.00
2013-11-04 Boost Price Target FBR & Co. Market Perform $53.00 to $57.00
2013-10-23 Reiterated UBS Sell $46 to $52
2013-10-23 Boost Price Target Credit Suisse Neutral $55.00 to $60.00
2013-09-20 Upgrade Goldman Sachs Sell to Neutral $47.00 to $55.00
2012-10-25 Downgrade McAdams Wright Ragen Buy to Hold
2011-07-25 Reiterated Wunderlich Hold $47 to $40
2011-07-25 Reiterated McAdams Wright Ragen Buy $52 to $41
2011-04-15 Reiterated McAdams Wright Ragen Buy $60 to $52
2011-01-03 Initiated McAdams Wright Ragen Buy $60
2010-04-23 Reiterated Wunderlich Buy $51 to $55
2015-07-15 Reiterated Rating Deutsche Bank Hold $69.00 to $71.00
2015-07-15 Reiterated Rating Deutsche Bank AG Hold $69.00 to $71.00
2015-07-08 Reiterated Rating Deutsche Bank Hold
2015-07-02 Reiterated Rating Deutsche Bank Hold
2015-06-01 Initiated Coverage Piper Jaffray Neutral $81.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In SFG 4 funds of 2213 total. Show all

Fund name Ticker shares
MANAGED ACCOUNT ADVISORS LLC 0.13M
BAIRD ROBERT W & CO INC /WI/ 25352
Sandell Investment Services LLC 8388
VTL Associates, LLC 4796

Major Shareholders

Name Relationship Total Shares Holding stocks
THORNE MICHAEL G 0.05%  (22157) SFG /
Fallis Stanley R 0.03%  (13397) SFG /
Harbolt James B. VP Insurance Services Group 0.03%  (13208) SFG /
Puentes George J 0.01%  (6296) NWN / SFG /