MetLife, Inc. (NYSE:MET), with its continuous endeavours towards providing value to investors, has been the center of multiple investment activities, including investments by Avanza Fonder AB and Silverberg Bernstein Capital Management, while others like Wedge Capital Management chose to reduce their stakes.
MetLife's Investment Management improved their strategy with the acquisition of Fixed Income and Equity Portfolio management teams from Mesirow, an addition of $6 Billion, and the purchase of PineBridge Investments. Despite the company missing Q3 earnings, their aggressive investment strategy, robust dividend returns and a new growth plan ensures their target of double-digit earnings per share. The company plans to hold a combined earnings and outlook conference call, signaling to investors their strong position. However, a noted data breach at an anonymous service provider poses potential risks. An optimistic outlook was presented by Barclays for MetLife, Inc., while analysts at Wells Fargo & Company reduced their price target. Several entities including Boston Common Asset Management LLC and West Oak Capital LLC increased their holdings in the company. MetLife's asset management arm expanded with the PineBridge purchase, expecting this venture to affect future financial performance in a significant way.
Metlife MET News Analytics from Tue, 25 Jun 2024 07:00:00 GMT to Sat, 18 Jan 2025 11:09:41 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 2
