MetLife, Inc. (MET), the renowned insurance company, has witnessed incremental holdings from different investment management agencies. Both
Concurrent Investment Advisors LLC and
Hantz Financial Services Inc. have significantly boosted their stakes in MetLife.
MET has shown notable price strength indicating an improved IBD rating. Despite a downward trajectory for
earnings in the past five years, investors grow bullish as the company's stocks saw a
3.2% increase. Jude Driscoll was appointed
President of MetLife Investment Management. The company has delved into
acquisitions, the notable one being Hayfin Capital Management and has been tasked with managing 3M's
$2.5B pension obligations. The firm had positive Q1 and Q2 results, with a rise in earnings year on year. MetLife's 2023 Sustainability Report showcases its commitment towards
financial stability and
wellness. With promising strategies in place, it is widely considered an attractive insurance play. The company also unveiled
Connected Benefits for employers and
Globaline for expatriate benefits. It declared its
third-quarter dividends, reasserting investors' faith.
Q1 2024 revenue beat estimates with a surge in net income, leaving scope for further growth.
Metlife MET News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 01 Sep 2024 10:10:55 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -2
