Nationwide Financial Services Inc. said Tuesday its management is considering refinancing $300 million in debt to help it meet long-term financial targets.
The company's management is speaking at an investor conference in New York Tuesday, where it is expected to set targets for sales growth of a low- to mid-teen percentage and operating earnings per share growth of more than 10 percent per year over the next two years.
In its annual report filed March 1, Nationwide's board approved the repurchase of up to $450 million in stock.
Nationwide shares slipped 21 cents to $53.41 in recent trading on the New York Stock Exchange.
