On Wednesday, Northrop Grumman Corporation (NYSE:NOC)’s shares inclined 0.49% to $164.48.
The board of directors of Northrop Grumman Corporation (NOC) declared a quarterly dividend of $0.80 per share on Northrop Grumman common stock, payable Sept. 16, 2015, to shareholders of record as of the close of business Aug. 31, 2015.
Northrop Grumman Corporation, a security company, provides systems, products, and solutions in aerospace, electronics, information systems, and technical service areas to government and commercial customers worldwide. The company’s Aerospace Systems segment designs, develops, integrates, and produces manned aircraft, unmanned systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems.
SEI Investments Company (NASDAQ:SEIC)’s shares gained 2.75% to $48.49.
SEI Investments Company ( SEIC ) declared financial results for the second-quarter 2015. Diluted earnings per share were $.51 in second-quarter 2015 contrast to $.48 in second-quarter 2014.
Second-Quarter Business Highlights:
- Revenue growth was primarily driven by higher Asset administration, administration, and distribution fees from market appreciation and improved cash flows from new and existing clients.
- Sales events, net of client losses, during second-quarter 2015 totaled about $45.2 million and are predictable to generate net annualized recurring revenues of about $32.0 million when contract values are fully realized. Net annualized recurring and one-time revenues comprise a noteworthy sale of the SEI Wealth Platform to a current major U.S. client.
- Our average assets under administration, not taking into account LSV, raised $12.8 billion, or 8 percent, to $177.1 billion in the second-quarter 2015, as contrast to $164.3 billion during the second-quarter 2014.
- Our average assets under administration raised $47.7 billion, or 14 percent, to $396.2 billion in the second-quarter 2015, as contrast to $348.4 billion during the second-quarter 2014.
SEI Investments Co. is a publicly owned investment manager. The firm provides wealth administration and investment advisory services to its clients through its auxiliaries. Through its auxiliaries, it provides its services to corporations, financial institutions, financial advisors, high net worth families, banks and trust institutions, investment advisors, financial planners, not-for-profit organizations, and pension plans. The firm manages separate client-focused portfolios through its auxiliaries.
At the end of Wednesday’s trade, Aon Plc (NYSE:AON)‘s shares surged 3.58% to $92.62.
Impact Forecasting, Aon Benfield’s catastrophe model development team, recently launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during July 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (AON).
The report reveals that Typhoon Chan-hom tracked across much of the Western Pacific Ocean during the month, causing extensive damage in China, Japan’s Okinawa Island chain, South Korea, Taiwan and Guam, killing at least six people and injuring 30 others.
Total economic losses were estimated at more than USD1.6 billion, with China bearing the greatest impact; according to China’s Ministry of Civil Affairs, damage from Chan-hom had resulted in a CNY9.1 billion (USD1.5 billion) economic loss, mainly as a result of damage to agricultural interests and infrastructure.
Aon plc provides risk administration services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide. It operates through two segments, Risk Solutions and HR Solutions. The Risk Solutions segment offers retail brokerage services, counting affinity products, managing general underwriting, placement, captive administration services, and data and analytics; risk administration solutions for property liability, general liability, professional liability, directors’ and officers’ liability, workers’ compensation, and various healthcare products; and health and benefits consulting services comprising structuring, funding, and administering employee benefit programs. This segment also provides advisory services to technology, financial services, agribusiness, aviation, construction, health care, energy, and other industries.
ITC Holdings Corp. (NYSE:ITC), ended its Wednesday’s trading session with 1.28% gain, and closed at $32.36.
ITC Holdings Corp. (ITC) declared its results for the second quarter and six month period ended June 30, 2015.
Stated net income for the second quarter, measured in accordance with Generally Accepted Accounting Principles (GAAP), was $72.3 million, or $0.46 per diluted common share, contrast to $54.3 million or $0.34 per diluted common share for the second quarter of 2014. For the six months ended June 30, 2015, stated net income was $139.5 million, or $0.89 per diluted common share, contrast to $123.5 million, or $0.78 per diluted common share for the same period last year.
Operating earnings for the second quarter were $80.8 million, or $0.52 per diluted common share, contrast to operating earnings of $72.7 million, or $0.46 per diluted common share for the second quarter of 2014. For the six months ended June 30, 2015, operating earnings were $153.9 million, or $0.98 per diluted common share, contrast to operating earnings of $142.5 million, or $0.90 per diluted common share for the same period last year.
ITC invested $331 million in capital projects during the six month period ended June 30, 2015, counting $82.8 million at ITCTransmission, $51.2 million at METC, $182.9 million at ITC Midwest, $10.0 million at ITC Great Plains and $4.1 million of Development and Other.
ITC Holdings Corp., together with its auxiliaries, engages in the transmission of electricity in the United States. The company functions as conduit, allowing for power from generators to be transmitted to local distribution systems through its own systems or in conjunction with neighboring transmission systems. It owns and operates high-voltage transmission facilities in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, and Oklahoma.
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