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InvestmentNews Index -1.8 Down 0.16% to 1149.40 S&P 500 +18.49 Up 1.74% to 1081.24 Dow Jones Industrials +108.65…

InvestmentNews Index -1.8 Down 0.16% to 1149.40

S&P 500 +18.49 Up 1.74% to 1081.24

Dow Jones Industrials +108.65 Up 1.29% to 8533.65

Winners

week ending 8/21 % change

1. SunAmerica Inc. 71.88 20.55

2. H.D. Vest Inc. 8.38 19.64

3. National Western Life Insurance 124.81 11.19

4. Ameritrade Holding Corp. 20.88 8.09

5. Nationwide Financial Services Inc. 50.56 7.01

6. Cigna Corp. 66.31 6.96

7. Data Broadcasting 6.44 6.19

8. Amvescap PLC 48.13 4.62

9. Phoenix Duff & Phelps Corp. 7.75 4.20

10. Household International Inc. 42.75 4.11

11. Reliastar Financial Corp. 48.50 3.74

12. Hartford Financial Services Group 51.56 3.64

13. Hoenig Group Inc. 7.75 3.33

14. Equitable Cos. Inc. 73.25 3.17

15. Barra Inc. 24.50 3.16

Losers

week ending 8/21 % change

1. Amresco Inc. 19.13 -25.18

2. Interstate/Johnson Lane Inc. 36.25 -11.59

3. Advest Group Inc. 23.19 -9.07

4. Stifel Financial Corp. 12.06 -8.96

5. Morgan Keegan Inc. 22.75 -7.85

6. Siebert Financial Corp. 7.50 -7.69

7. Dain Rauscher Corp. 49.69 -7.56

8. BankBoston Corp. 41.94 -7.45

9. Zions Bancorp. 43.00 -7.28

10. First Republic Bancorp 31.63 -7.16

11. E*Trade Group Inc. 25.75 -6.79

12. Unionbancal Corp. 87.00 -6.45

13. National Commerce Bancorp 18.88 -6.21

14. Lehman Brothers Holdings Inc. 60.63 -6.01

15. Allied Capital Corp. 18.69 -5.97

At a glance: Reliastar Financial Corp.

1997 revenues: $2.5 billion 1996: $2.2 billion

1997 earnings: $222 million 1996: $193 million

52-week high: $52.44 52-week low: $33.63

P/E: 17 Price/Book value: 2.2 Price/cash flow: 19.2

American International Group’s proposed acquisition of SunAmerica helped boost the stock prices of other variable annuity producers and life insurers. Minneapolis-based Reliastar, mentioned as a possible takeover candidate, gained 5% the day of the announcement, and five other insurance companies also joined SunAmerica on the winners list.

Sources: Nordby International and Bloomberg News

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