|Bid||52.26 x 100|
|Ask||55.77 x 300|
|Day's Range||54.51 - 54.88|
|52 Week Range||38.87 - 58.09|
|PE Ratio (TTM)||-88.50|
|Dividend & Yield||1.60 (2.93%)|
|1y Target Est||N/A|
Heads of the U.S. financial regulatory agencies will meet behind closed doors next Friday to discuss MetLife Inc's (MET.N) lawsuit against them, according to a notice from Treasury, as the Trump administration wrestles with reforms put in place in response to the financial crisis. The regulators, who comprise the Financial Stability Oversight Council (FSOC), and MetLife both asked earlier this month for another pause in the long-running case in which the country's largest life insurer has challenged the federal government's decision to label it as "too big to fail." The appeals court has not yet said whether it will grant an abeyance. More than a year ago, U.S. District Judge Rosemary Collyer struck down the council's designation of MetLife as "systemically important," which signifies that it could devastate the financial system if it failed and which triggers stricter oversight.
MetLife, Inc. (MET) has officially received all necessary regulatory approvals for the spinoff of Brighthouse Financial. The U.S. Securities and Exchange Commission gave its final stamp of approval for the spinoff Thursday. MetLife’s board of directors previously approved the transaction.
Sandler O’Neill On July 7, after the market closed, MetLife announced it reached an agreement to acquire Logan Circle Partners from Fortress Investment Group for $250 million in cash. Logan Circle is Fortress’ (FIG) traditional fixed-income asset management business. Following the separation of Brighthouse Financial in August and incorporating Logan Circle’s assets under management (AUM), MetLife’s (MET) investment management business would have more than $560 billion in total AUM of which more than $140 billion would be managed on behalf of third parties.