|Bid||53.50 x 100|
|Ask||54.15 x 100|
|Day's Range||53.19 - 53.91|
|52 Week Range||44.18 - 55.91|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 31, 2018|
|Forward Dividend & Yield||1.60 (3.00%)|
|1y Target Est||56.93|
The MetLife holdings business reported premiums of $3.1 billion in the first nine months of 2017 compared to $3.3 billion in the first nine months of 2016. The rise in the holdings division’s operating earnings was offset by expenses related to MetLife’s separation from Brighthouse Financial (BHF). Its peers (XLF) Reinsurance Group of America (RGA), CNO Financial Group (CNO), and Allstate Corporation (ALL) have forward annual dividend yields of 1.3%, 1.4%, and 1.5%, respectively.
The division’s total operating revenue comprises net investment income, premiums, policy fees, and other revenues. The EMEA division garnered premiums of $1.53 billion in the first nine months of 2017 compared to $1.51 billion in the first nine months of 2016. Positive momentum in most European markets positively impacted the EMEA division’s operating earnings in the first nine months of 2017 compared to the first nine months of 2016.
Unfavorable fluctuations in foreign exchange rates negatively affected the division’s operating earnings in the first nine months of 2017 compared to the first nine months of 2016 as the Mexican and Argentine pesos weakened against the US dollar. The Latin America division’s other revenues fell from $26 million in the first nine months of 2016 to $24 million in the first nine months of 2017. The division’s premiums revenue saw a marginal rise from $1.9 billion in the first nine months of 2016 to $2.0 billion in the first nine months of 2017. MetLife has a market cap of $54.6 billion.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Financials sector is rising.
The Asia division saw a fall in its other revenue from $45 million in the first nine months of 2016 to $32 million in the first nine months of 2017. For the last 12 months, MetLife has an enterprise value-to-revenue ratio of 1.06x. Its peers (XLF) Allstate Corporation (ALL), Reinsurance Group of America (RGA), and CNO Financial Group (CNO) have enterprise value-to-revenue ratios of 1.15x, 1.02x, and 1.68x, respectively.
MetLife Inc. is seeking a sale of its Hong Kong insurance unit, joining international rivals including Axa SA and MassMutual that have pursued divestments in the Chinese territory, people with knowledge ...
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.
The U.S. government and MetLife Inc announced on Thursday they would jointly seek to dismiss an appeal over whether the insurance company should face stricter oversight as a key part of the financial system. MetLife and the Financial Stability Oversight Council (FSOC), a top federal panel of financial regulators, filed a joint motion to dismiss an earlier FSOC appeal, the company announced in a statement.
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, Inc. and the Financial Stability Oversight Council today filed a joint motion to dismiss FSOC’s appeal of the district court decision rescinding MetLife’s designation as a non-bank systemically important financial institution.
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.
MetLife, Inc. today announced that it intends to merge its subsidiary, General American Life Insurance Company, with and into another subsidiary, Metropolitan Tower Life Insurance Company.
Berkshire Hathaway (BRK.B) continues to garner higher expectations for its operating performance. Berkshire is expected to post EPS (earnings per share) of $2,633 in 4Q17, marginally lower than 4Q16’s $2,665 and a substantial improvement from 3Q17. The rise is expected due to lower losses in the insurance space and growth by BNSF Railway and the manufacturing sector. Earnings before taxes for Berkshire’s service, manufacturing, and energy divisions and BNSF Railway rose 1%–9% year-over-year in 3Q17.
The New Year has been dominated by cryptocurrencies and blockchain technology, with unlikely companies such as Kodak (KODK) jumping on the bandwagon after announcing its new KODAKCoin and KODAKOne platform.
To deliver digital solutions that offer a differentiated customer experience and disrupt the industry, today MetLife, Inc. , one of the world’s leading insurance companies, announced the launch of two InsurTech investment programs for start-up companies: MetLife Digital Ventures and MetLife Digital Accelerator powered by Techstars.
MetLife, Inc. today announced that its board of directors has declared a first quarter 2018 common stock dividend of $0.40 per share. The dividend will be payable on March 13, 2018, to shareholders of record as of Feb.
MetLife, Inc. today announced that it will hold its fourth quarter and full year 2017 earnings conference call and audio webcast on Thursday, Feb. 1, 2018, from 8-9 a.m. .
Jan.11 -- Drew Matus, MetLife Investment Management chief market strategist, discusses Wal-Mart paying forward tax benefits to workers in the form of higher wages and a one-time $1,000 cash bonus for eligible associates. He speaks on "Bloomberg Daybreak: Americas."