MetLife Inc. (MET) shows strong performance as stock soars to all-time high, reaching $86.97. This comes after various Q3 earnings missed expectations due to weaknesses in the Group Benefits Unit. Despite falling profits, the insurer exhibited favorable underwriting results that boosted Q2 earnings. The company also declared its fourth quarter 2024 Preferred and Common Stock Dividends. MetLife has been expanding globally with Malaysian hub growing 360% in five years. Various entities are buying and selling MetLife shares, including Rockefeller Capital Management L.P., Public Sector Pension Investment Board, UBS Asset Management Americas LLC, and others. The company has also been recognized as one of Fortune's Top 25 Global Workplaces for 2024. It explores acquisition of Hayfin Capital management and has been named as the best life insurance stock by some analysts. Its initiative Upwise has been crucial in driving up benefits enrollment, engagement, and value. The company is consistently outperforming other financial stocks and is considered a great choice for dividends. Its strong shareholder returns amidst mixed opinions portrays it as a robust value stock for the long-term.
Metlife MET News Analytics from Fri, 03 May 2024 18:47:58 GMT to Sat, 30 Nov 2024 11:26:35 GMT -
