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
|
$309,700,000 (2006) |
Net income
|
$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 |
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.
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
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 |
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 / |