MetLife, Inc. (MET) is slated to release second-quarter 2024 results on Jul 31, after the closing bell. Estimates The Zacks Consensus Estimate for MET's second-quarter earnings per share is pegged at $2.13, which indicates an improvement of 9.8% from the year-ago quarter's reported figure. The estimate was revised downward by one analyst in the past month against five in the opposite direction, resulting in a decrease of 4 cents from $2.17 per share. The consensus mark for revenues is $18.2 billion, indicat ...

The upcoming report from MetLife (MET) is expected to reveal quarterly earnings of $2.13 per share, indicating an increase of 9.8% compared to the year-ago period. Analysts forecast revenues of $18.19 billion, representing a decrease of 2.4% year over year.The current level reflects a downward revision of 1.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Prio ...

MetLife, Inc.’s (MET) institutional asset management arm, MetLife Investment Management (“MIM”), recently launched its second private equity fund, MetLife Investment Private Equity Partners II, securing around $1.2 billion in commitments. This new fund, aimed at institutional clients, includes a portfolio of about $860 million in private equity and co-investment interests. Combined with funded and unfunded commitments, the total reaches $975 million.The transaction was anchored by Lexington Partners L.P., t ...

MetLife, Inc. (MET) recently teamed up with the international health solutions provider for the Blue Cross Blue Shield companies, GeoBlue, to introduce Globaline. GeoBlue is supported by 15 Blue Cross Blue Shield companies and Bupa.Being an expatriate benefits solution, Globaline has been devised with the collective expertise of two global benefits leaders and combines health and ancillary insurance under a single roof. While medical, dental, vision, prescription, wellness, an international employee assista ...

MetLife, Inc. (MET) recently announced expanding its collaboration with Micruity, a leader in retirement technology solutions. Both companies will work on the development of MET’s Universal Digital Retirement Platform, aiming to provide accessible and simple retirement income solutions.This move bodes well for MetLife as it will be able to streamline and simplify the way plan sponsors can offer its retirement income solutions in their Defined Contribution plans. MET’s Institutional Income Annuities business ...

MetLife, Inc.’s (MET) unit, Metropolitan Tower Life Insurance Company, recently inked a deal with the American multinational conglomerate, 3M. As a result, the MetLife subsidiary will assume defined benefit pension obligations of around $2.5 billion and deliver annuity benefits to roughly 23,000 retirees and beneficiaries of the 3M Employee Retirement Income Plan.A group annuity contract was bought from Metropolitan Tower Life this month. However, the monthly pension benefits received by retirees, their spo ...

For Immediate ReleaseChicago, IL – June 14, 2024 – Today, Zacks Equity Research discusses MetLife Inc. (MET) , American International Group Inc. (AIG) , Prudential Financial Inc. (PRU) , The Hartford Financial Services Group (HIG) and Old Republic International Corp. (ORI) .Industry: Multi-line InsuranceLink: https://www.zacks.com/commentary/2287921/5-multiline-insurers-to-watch-amid-rising-insurance-demandProduct diversification helps Zacks Multiline Insurance industry players lower concentration risk, ens ...

MetLife, Inc. (MET) is reportedly in talks to acquire Hayfin Capital Management, a London-based private credit specialist, per Bloomberg. The potential deal might value Hayfin Capital Management at $1.3 billion. The company has been looking to divest its operations for the past year and has even attracted interest from several parties.Hayfin Capital Management was founded in 2019 by former Goldman Sachs executives Tim Flynn and Mark Tognolini. The company invests across the private credit spectrum, focusing ...

MetLife, Inc. (MET) is reportedly in talks to acquire Hayfin Capital Management, a London-based private credit specialist, per Bloomberg. The potential deal might value Hayfin Capital Management at $1.3 billion. The company has been looking to divest its operations for the past year and has even attracted interest from several parties.Hayfin Capital Management was founded in 2019 by former Goldman Sachs executives Tim Flynn and Mark Tognolini. The company invests across the private credit spectrum, focusing ...

Core Insights - MetLife, Inc. has launched My Leave Navigator, a digital tool aimed at improving the employee experience during leave, addressing various life events such as family expansion, caregiving, or illness recovery [1][2] - Research indicates that 62% of employees lack confidence in their understanding of available benefits, and 38% feel neglected due to insufficient information about beneficial programs [1] - The introduction of My Leave Navigator is expected to enhance employee loyalty and productivity by providing cohesive support throughout the leave process [2] Product Features - My Leave Navigator is tailored to meet individual employee needs, helping them understand their options and ensuring support during the leave process [2] - The tool integrates disability insurance with employer-sponsored programs like Paid Family Medical Leave and Family Medical Leave Act, offering a seamless experience [2] Market Performance - MetLife's shares have increased by 39.2% over the past year, outperforming the industry growth of 24.5% [4] - The company currently holds a Zacks Rank of 3 (Hold) [5] Comparisons with Peers - Other better-ranked stocks in the finance sector include Ambac Financial Group, Brown & Brown, and Root, each with a Zacks Rank of 2 (Buy) [6] - Ambac Financial's current-year earnings estimate is $1.45 per share, with a significant average surprise of 893.5% over the past four quarters [6] - Brown & Brown's earnings estimate is $3.61 per share, reflecting a 28.5% year-over-year growth, with a consistent record of beating earnings estimates [6] - Root's current-year earnings are expected to improve by 35.6%, with a notable average surprise of 34.1% in the past four quarters [7]