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Metlife Inc Add to portfolio

INX:MET, Aug 17, 03:48 UTC

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MetLife Ties Up With State Street to Buoy Investment Business

MET STT

Per the multi-year agreement, MetLife Investment Management and its affiliates will originate and service for State Street affiliates up to $2 billion in commercial mortgage loans. This latest deal with State Street will further aid the unit to grow its real estate platform by offering a wider range of real estate financing options to its borrowers. Increasing interest rate along with easing regulatory pressures leads to a favorable environment for growth of investment management business. After years of low interest rates and regulatory challenges, MetLife is eagerly trying to build this business.Meanwhile, MetLife has been busy streamlining its business to focus on low risk and low capital intensive business, and the one that provides a steady stream of revenue flows.

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Yesterday


News

MetLife, State Street Strike $2 Billion Mortgage Partnership

MET STT

MetLife Inc.’s asset manager struck a deal with State Street Corp. to originate and service as much as $2 billion in commercial mortgages. The companies will co-lend each loan under the multiyear agreement, New York-based MetLife said Thursday in a statement. “This is an important step in growing our real estate platform,” Robert Merck, global head of real estate and agriculture at MetLife’s asset manager, said in the statement. MetLife Investment Management originated $14 billion in commercial mortgages last year, bringing the total of those loans managed by the company to a record $57 billion.

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News

MetLife Investment Management and State Street Enter into a $2 Billion Commercial Mortgage Co-Lending Agreement

MET STT

“This MetLife-State Street partnership offers customers access to two highly respected, leading financial institutions,” said Robert Merck, senior managing director and global head of real estate and agriculture, MetLife Investment Management. “We are pleased to partner with MetLife to source new investment opportunities, as well as add commercial real estate mortgages to our broad suite of lending options, and we plan to lend in concert with our many asset management clients,” said Paul Selian, head of global credit finance for State Street Global Markets. The partnership with State Street complements MetLife Investment Management’s commitment to growing its business across new fixed income strategies and in new markets. MetLife Investment Management leverages a disciplined credit research and underwriting process to provide institutional investors with asset origination and acquisition opportunities and proprietary risk management analytics across traditional fixed income strategies, commercial real estate debt and equity investing, agricultural financing and private placements, among others. For more information, visit www.metlife.com/investments.

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News

MetLife to Hold Investor Conference in Asia

MET

MetLife, Inc. (MET) today announced that it will hold an investor conference in Tokyo on Thursday, Sept. 27, 2018 from 2:00 p.m. until approximately 4:30 p.m. (JST). A replay of the conference will be available at MetLife’s website beginning shortly after the conference ends on Thursday, Sept. 27, 2018, until 11:59 p.m. (JST) on Thursday, Oct. 4, 2018. The conference and accompanying presentation materials will include statements relating to the business, operations and financial results of MetLife’s Asia business as well as certain projections regarding the company’s future performance. MetLife, Inc. (MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world.

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Wednesday, August 15


News

MetLife Declares Third Quarter 2018 Preferred Stock Dividends

MET

MetLife, Inc. (MET) today announced that it has declared the following preferred stock dividends:. Initial quarterly dividend of $394.53125 per share on the company’s 5.625% non-cumulative preferred stock, Series E, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.39453125 per depositary share (NYSE:METPrE). MetLife, Inc. (MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Many factors will be important in determining the results of MetLife, Inc., its subsidiaries and affiliates. Forward-looking statements are based on our assumptions and current expectations, which may be inaccurate, and on the current economic environment, which may change.

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Friday, August 10


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MetLife’s Global Innovation Challenge Returns to Japan: collab 4.0

MET

MetLife Japan, today launched “collab 4.0,” an open innovation platform inviting entrepreneurs and insurtechs globally to scale their business with MetLife while solving some of the insurer’s biggest innovation challenges across its Japan business. Created by LumenLab, MetLife Asia’s innovation center, collab 4.0 follows three successful collab programs, including one in 2017 which saw MetLife Japan award contracts to three innovative companies: Montoux, a product pricing solution; WorkFusion, an AI-driven automation solution, and Japan-based Moneytree, a leading personal finance management app. “Collab is about building partnerships that help us innovate ahead of tomorrow’s challenges. As we enter its fourth iteration, we see how innovation is solving today’s business challenges and helping us have an ever-greater impact on those we serve,” said Zia Zaman, LumenLab’s chief executive officer and chief innovation officer of MetLife Asia. Following a rigorous selection process, MetLife will determine six finalists and pair them with MetLife Japan employee champions who will provide tailored mentoring to solve MetLife Japan’s business challenges. Since its inception in 2016, collab has attracted 398 applications from more than 50 countries and MetLife has awarded USD 700,000 worth of contracts through the program.

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Wednesday, August 08


News

Consolidated Research: 2018 Summary Expectations for First Foundation, CME Group, MetLife, D.R. Horton, Rexahn Pharmaceuticals, and 1st Source — Fundamental Analysis, Key Performance Indications

MET DHI +1 more MET DHI CME

Horton, Inc. (DHI), Rexahn Pharmaceuticals, Inc. (RNN), and 1st Source Corporation (SRCE) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. The report will be for the fiscal period ending September 30th, 2018. CME Group's Recent Financial Performance. For the three months ended June 30th, 2018 vs June 30th, 2017, CME Group reported revenue of $1,059.60MM vs $924.60MM (up 14.60%) and basic earnings per share $1.67 vs $1.23 (up 35.77%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, CME Group reported revenue of $3,644.70MM vs $3,595.20MM (up 1.38%) and basic earnings per share $12.00 vs $4.55 (up 163.74%).

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Monday, August 06


News

Mortgage Startup Blend to Offer MetLife Policies With New Unit

MET

Blend Labs Inc., a startup that first became known by helping big banks make it easier for homebuyers to get a mortgage online, is branching out into a new industry: insurance. Much like its mortgage platform, the firm will leverage partnerships with large insurers to scale its business by pairing the offerings. “Blend is the type of partner that we are looking for because our visions are very aligned,” said Kevin Chean, vice president of group auto and home at MetLife, adding the company is looking to strengthen its digital presence to meet changing consumer preferences. “For the consumer, insurance is a major piece of getting your mortgage and purchasing your home,” said Greg Isaacs, who’s leading Blend’s new venture with a team of roughly 20 employees.

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Thursday, August 02


News

MetLife Gets More Cautious About High-Yield Credit, Muni Markets

MET

Bloomberg. MetLife Gets More Cautious About High-Yield Credit, Muni MarketsBy. August 2, 2018, 11:25 AM EDT. CEO Kandarian points to surge in BBB-rated corporate debt. Insurer still not sounding alarm bells, investment chief says.

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News

MetLife (MET) Q2 Earnings & Revenues Top Estimates, Rise Y/Y

MET

MetLife (MET) Q2 Earnings & Revenues Top Estimates, Rise Y/Y. MetLife, Inc.’s MET second-quarter 2018 operating earnings of $1.30 per share beat the Zacks Consensus Estimate of $1.17 by 11.1%. Adjusted premiums, fees & other revenues were $673 million, up 8% reportedly and 5% on constant currency basis.MetLife HoldingsOperating earnings from MetLife Holdings came in at $280 million, up 18% year over year owing to U.S. tax reform.Operating premiums, fees & other revenues were $1.3 billion, down 6%, primarily due to Brighthouse separation-related impacts.Corporate & OtherCorporate & other incurred an operating loss of $219 million, wider than $145 million loss in the prior-year quarter due to the negative impact of U.S. tax reform.Financial UpdateVariable investment income decreased to $176 million from $222 million in the year-ago quarter, attributable to lower private equity and hedge fund income.Book value per share decreased 21% year over year to $50.28 as of Jun 30, 2018, largely due to the separation of Brighthouse Financial, Inc. and its subsidiaries.Adjusted tangible return on equity expanded 400 basis points to 12.2%. Among other firms from the insurance industry having reported second-quarter earnings so far, the bottom line of Radian Group Inc. RDN, The Hartford Financial Services Group, Inc. HIG and MGIC Investment Corporation MTG surpassed the respective Zacks Consensus Estimate.Today's Stocks from Zacks' Hottest StrategiesIt's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.And this outperformance has not just been a recent phenomenon.

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