Pinkerton Retirement Specialists and
Atomi Financial Group have increased their stakes in MetLife, while Empowered Funds, Illinois Municipal Retirement Fund, and ProShare Advisors reduced their position.
MetLife's health and retirement solutions won five new awards, and its MIM division secured $1.2B for its second private equity fund. It also partnered with GeoBlue and Micruity to enhance offerings. MetLife’s stocks increased by 11.4% over three months, hitting a new 52-week high. It met Q1 2024 earnings predictions and saw a surge in net income driven by a reduction in expenses.
MetLife's adjusted EPS beat estimates, and it declared a quarterly dividend of $0.55. The stock has an average rating of “Moderate Buy” by analysts. It announced a $3B share repurchase authorization and has reportedly pursued the acquisition of
Hayfin. Despite these successes, however, MetLife's ROE is seen as uninspiring and it has faced a downgrade to hold status by StockNews.com. Certain investors and analysts remain optimistic about further growth.
Metlife MET News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 04:03:34 GMT -
Rating 6
- Innovation 1
- Information 5
- Rumor -4
