44.70 +0.11 (0.25%)
After hours: 5:47PM EDT
|Bid||44.26 x 4000|
|Ask||45.79 x 2200|
|Day's Range||44.30 - 46.11|
|52 Week Range||37.76 - 51.16|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||7.34|
|Forward Dividend & Yield||1.76 (3.81%)|
|1y Target Est||N/A|
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
(Bloomberg) -- MetLife Inc.’s asset manager originated $7.7 billion in private placement debt in the first half of 2019, a record for a first-half and a 10% increase over the same period last year.Its investments included $5.1 billion in corporate private debt and $2.6 billion in infrastructure private debt, the company said in a statement Wednesday.In addition, MetLife Investment Management also placed $2.4 billion on behalf of third-party institutional investors -- a record for a first-half. It placed a total of $4.7 billion in 2018. MetLife Investment Management attributed the record origination to investor demand for less volatile debt and better returns in an environment of interest rate uncertainty and low yields.The company invested $900 million in Australia, almost $800 million in the U.K. and $800 million in the broader Europe, Middle East and Africa region, reflecting global appetite for private capital.“The growth in private placements is really two-fold, starting with investor demand,” John Wills, the company’s global head of private debt origination, said in a phone interview. “Our third-party clients are interested in private debt from the standpoint of diversification and a protected portfolio. And there is also growth on the issuer side due to the flexibility that the private market provides.”MetLife Investment Management’s private debt portfolio totaled $78.7 billion as of June 30, the company said.To contact the reporter on this story: Kelsey Butler in New York at email@example.comTo contact the editors responsible for this story: Natalie Harrison at firstname.lastname@example.org, Adam CataldoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
UDR, Inc. (NYSE: UDR ) said Monday it has entered into an agreement with Metlife Inc (NYSE: MET ) Investment Management to purchase a 50% interest in 10 UDR and MetLife joint venture operating communities valued ...
The 1.7-million-square foot complex in Bloomington quietly went on the market in late June, nearly five years after a joint venture of Met Life and Allstate paid $369 million for the property.
Shares of Metlife Inc. wavered between gains and losses in the extended session Wednesday after the insurer posted adjusted second-quarter profit and sales above forecasts. Metlife said it earned $1.7 billion, or $1.77 a share, in the quarter, compared with $845 million, or 83 cents a share, in the second quarter of 2018. Adjusted for one-time items, Metlife earned $1.3 billion, or $1.38 a share, compared with $1.3 billion, or $1.30 a share, a year ago. Revenue fell 17% to $17 billion. Analysts polled by FactSet had expected Metlife to report adjusted earnings of $1.34 a share on sales of $16.4 billion. In a separate press release, Metlife said its board OK'ed a new $2 billion share buyback. The shares ended the regular trading day down 1.2%.
MetLife (MET) delivered earnings and revenue surprises of 5.34% and -0.25%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
U.S. insurer MetLife Inc on Wednesday reported quarterly profit that doubled from a year ago, boosted by strong derivative gains. MetLife recorded $724 million in derivative gains in the second quarter, reflecting changes in equity markets and interest rates.
MetLife, Inc. (NYSE:MET) stock is about to trade ex-dividend in 4 days time. This means that investors who purchase...
Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region's insurance sector. FWD, controlled by Richard Li, the entrepreneur and son of Hong Kong's richest man Li Ka-shing, made headlines earlier this month with the $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc - a deal worth about $300 million, according to a person familiar with the matter.
MetLife (MET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Metlife Inc NYSE:METView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for MET with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MET. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MET are favorable, with net inflows of $6.79 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. MET credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Walaa Cooperative Insurance Company and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Serendipity Labs is working on a deal for over 50,000 square feet at the mid-rise office project, which stands along the border of million-dollar homes in Ansley Park and amid a bevy of new investment around 17th Street.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does MetLife (MET) have what it takes? Let's find out.
U.S. insurer MetLife Inc will sell its Hong Kong operations to FWD, the insurance firm owned by tycoon Richard Li, the companies said in a joint statement on Friday, without disclosing financial details. The deal is the latest in a series of acquisitions FWD has made in the region, and comes after MetLife shelved an earlier attempt to sell its Hong Kong business, worth over $500 million, to a mainland Chinese buyer. "The acquisition is another step towards fulfilling our ambition to build a leading pan-Asian life insurance platform," FWD Group Chief Executive Huynh Thanh Phong said.
U.S. insurer MetLife Inc will sell its Hong Kong operations to FWD, the insurance firm owned by tycoon Richard Li, the companies said in a joint statement on Friday, without disclosing financial details. The deal is the latest in a series of acquisitions FWD has made in the region, and comes after MetLife shelved an earlier attempt to sell its Hong Kong business, worth over $500 million, to a mainland Chinese buyer.
FWD Group, the insurance arm of Hong Kong tycoon Richard Li Tzar-kai's Pacific Century Group, has agreed to acquire MetLife Hong Kong's business, it said on Friday. Li is the younger son of Li Ka-shing, Hong Kong's richest businessman.The acquisition, the latest in a string of takeovers by FWD across Asia in recent years, will expand its business and, analysts expect, help pave the way for a potential listing."Having crunched the financials, the numbers will probably have told Mr Li this purchase will add to the size of the share price for the rumoured IPO of FWD in 2020," said Glenn Turner, chief operations officer at financial planning company Altruist Financial Group.The price for the deal, subject to regulatory approval, was not disclosed, but a Bloomberg report this week quoted a source as saying it would be less than US$400 million.FWD will honour all existing MetLife policies in Hong Kong. "MetLife Hong Kong is highly complementary to our existing business, and the acquisition is another step towards fulfilling our ambition to build a leading pan-Asian life insurance platform," Huynh Thanh Phong, FWD's chief executive, said. Victor Li and Richard Li work together for first time on heritage project"The acquisition signifies our confidence in the long-term growth potential of Hong Kong, and we will continue to commit substantial resources to grow our business in this compelling market."Rebecca Tadikonda, MetLife's head of strategic growth markets in Asia, said FWD was a well-positioned insurer, while it was committed to further grow its business, which made it the "right steward" for Metlife's customers, agents and staff.The takeover follows a wave of mergers and acquisitions in Hong Kong, as the industry expands partly because of an influx of mainland Chinese coming to Hong Kong to buy policies. In a first for Hong Kong, insurer FWD rolls out coverage for mental illnessesFWD itself was born from a takeover deal. In 2012, Dutch financial services company ING sold its Hong Kong business to Pacific Century Group. The insurer was renamed as FWD. It now has more than 2.8 million customers across Asia.FWD has spent at least US$361 million on six acquisitions across Asia over the past five years, according to data provider Dealogic.In its biggest deal before MetLife, FWD agreed to buy 80 per cent of PT Commonwealth Life, the Indonesian life insurance arm of Commonwealth Bank of Australia, for US$301 million in October last year.In three deals in 2016, the company spent US$21 million to take over Shenton Insurance in Singapore, US$36 million on Great Eastern Life in Vietnam; and US$3 million on American International Group's Japan insurance arm, Fuji Life."Quite a few insurance companies have changed hands in the past" for growth, either organically or through M&As;, which are the most popular ways of achieving this, said Gary Cheung, chairman of the Hong Kong Securities Association.This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.