UBS Maintains a 'Neutral' on National Financial (NFP); Raising PT After Solid 4Q Beat

UBS maintains a 'Neutral' on National Financial (NYSE: NFP) price target raised from $13 to $17.

UBS analyst says, "NFP reported $0.65 cash EPS, above our/consensus of $0.62: Cash EPS beat was largely due to lower than expected expenses and tax rate (each contributing $0.01 of the beat). NFP repurchased 1.03M shares for $13.2M in 4Q11 and has already bought back the remaining $8.2M authorized as of 2/6/12. Mgmt intends to continue capital deployment via new $50M buyback authorization and acquisitions."

"EPS beat was largely due to lower than expected expenses and tax rate (each contributing $0.01 of the beat). NFP repurchased 1.03M shares for $13.2M in 4Q11 and has already bought back the remaining $8.2M authorized as of 2/6/12. Mgmt intends to continue capital deployment via new $50M buyback authorization and acquisitions."

For an analyst ratings summary and ratings history on National Financial Partners click here. For more ratings news on National Financial Partners click here.

Shares of National Financial Partners closed at $15.92 yesterday.

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