Several investors including **Marcum Wealth LLC**, **Massmutual Trust Co. FSB ADV**, and **Rise Advisors LLC** have increased their stake in **MetLife, Inc. (NYSE:MET)**, despite some reducing their stock position like Banque Cantonale Vaudoise, Los Angeles Capital Management LLC, and B. Riley Wealth Advisors Inc. MetLife has also seen several upgrades and positive evaluations such as being raised to buy at StockNews.com and called an attractive insurance play by experts.
MetLife has collaborated with **Micruity** for enhanced retirement solutions and is exploring the acquisition of **Hayfin Capital Management**. Reports revealed MET managing 3M's $2.5 billion pension obligations. However, CEO compensation proved contentious among shareholders.
On the financial side, MetLife’s Q1 earnings met expectations, rising year-on-year on lower expenses and its stocks increased 11.4% in 3 months. Its **adjusted EPS** beat estimates with net income surging, despite high costs and a weak EMEA unit bringing down Q4 earnings. Additionally, a new $3 billion share repurchase authorization has been announced by MetLife.
Finally, innovative steps like the introduction of their **My Leave Navigator** to improve leave experience and the extension of the lease at their Manhattan Headquarters Tower hint at an optimistic outlook for the company.
Metlife MET News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 11:04:50 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor -4
