|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||103.13 - 104.42|
|52 Week Range||73.96 - 105.36|
|PE Ratio (TTM)||14.40|
|Forward Dividend & Yield||1.48 (1.42%)|
|1y Target Est||N/A|
Allstate CEO Thomas Wilson discusses how the company is looking to insure people who rideshare and are passengers in driverless vehicles, at the Consumer Electronics Show.
MetLife’s (MET) US division posted total operating revenue of $24.2 billion in the first nine months of 2017 compared to $22.0 billion in the first nine months of 2016. Its operating revenue consists of premiums, net investment income, policy fees, and other revenues. A rise in the average premium per policy related to MetLife’s auto business compensated for a fall in its exposure, resulting in favorable momentum in its US division’s operating earnings in the first nine months of 2017 compared to the first nine months of 2016.
In its guidance call for 2018, MetLife (MET) stated that the operating earnings and PFO (premiums, fees, and other revenues) of its Latin America business are expected to witness a rise of 8%–9% annually (on a constant-currency basis) within a period of one to three years. MetLife’s EMEA (Europe, the Middle East, and Africa) division is expected to see a rise of 5%–6% in the current year because of its departure from the UK retirement market. The baseline operating earnings of MetLife’s EMEA division are expected to experience a rise of 8%–9% in the current year.
MetLife’s (MET) property and casualty (or P&C) business is expected to show an upward trend in 2018. Over the last 12 months, the property and casualty business’s combined ratio stood at 100%. In the current year, MET’s management has stated that the sales in its Asia business are expected to rise at a rate of 5%–6%.
MetLife (MET) has made an attempt to streamline its customer experience by announcing two InsurTech investment programs. The names of these programs are MetLife Digital Accelerator and MetLife Digital Ventures. According to the company’s management, globalization, increasing momentum in technology, and shifting consumer preferences toward the digital world are gaining momentum, in turn affecting performances across all industries.
MetLife’s (MET) total revenue stood at $46.3 billion in the first nine months of 2017 compared to $47.9 billion in the first nine months of 2016. In 2016, MetLife saw a gain related to its US retail advisor force divestiture. MetLife incurred total expenses of $43.8 billion in the first nine months of 2017 compared to $42.4 billion in the first nine months of 2016.
Zacks.com highlights: Reinsurance Group of America, SVB Financial Group, D.R. Horton and Allstate
The US Senate has approved cutting tax rate from 35% to 21%, which could present windfall gains to corporates and long-term adjustments in operating flow generation. Whereas the tax break will likely be profitable for equity investors such as Berkshire Hathaway (BRK.B), companies engaged in US exports have weakened due to growing expectations of a fiscal deficit and the domestic manufacturing sector. Berkshire is expected to benefit from lower taxes on its holdings.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting ALL. Over the last month, growth of ETFs holding ALL is favorable, with net inflows of $18.06 billion.
We have zeroed in on three bullish stocks to leverage investors' portfolio with a suggestion to avert AXIS Capital (AXS) at present.
The Allstate Corporation (NYSE:ALL) is currently trading at a trailing P/E of 13.9x, which is lower than the industry average of 17.1x. While this makes ALL appear like a greatRead More...
Property & casualty insurer Allstate Corp named Mario Rizzo as its new chief financial officer replacing Steven Shebik. Rizzo has been the senior vice president and chief financial officer of Allstate's ...
Allstate Corporation (ALL) is in a good position to beat earnings at its next report as it has a favorable Zacks Rank and positive Earnings ESP.
ALL operates in the insurance industry, which has characteristics that make it unique compared to other sectors. Understanding these differences is crucial when it comes to putting a value onRead More...
U.S. consumer spending is at two-year highs. Consumer confidence remains near 17-year highs. Credit card spending is now above pre-crash levels for the first time in nearly a decade. When two-thirds of your economy is dependent upon consumer spending, these are very good numbers.
Buy-and-hold investing is trickier than it looks. The increasing pace of technological change means even the most successful, dominant companies have to continually adapt to keep up. In any era, amassing a collection of retirement stocks simply buying the best companies and holding for years can be riskier than it seems. General Motors Company (NYSE:GM) was a classic “widows and orphans” stock … until last decade, when GM wound up going bankrupt.
Mobile apps have gotten so good at steering you to the fastest possible route to your job or your home because of all the notes they take about when traffic slows or stops. But that data can also be put to work to reduce a major cause of traffic: car crashes.