MetLife Names Darla Finchum Head of MetLife Auto & Home®
Posted today (3 hours ago)
MetLife, Inc. (MET) has named Darla Finchum as Head of MetLife Auto & Home®, the company’s U.S. property & casualty business, effective immediately. Finchum, who has been serving in this role on an interim basis since August, 2018, will be responsible for driving smart growth and sound management of the company’s personal and small commercial lines as well as transforming the business to meet the needs of today’s technology-focused consumers. Prior to taking on the interim leadership role, Finchum served as Chief Claims Officer for MetLife Auto & Home, where she was responsible for the claim quality, efficiency and customer experience for $2 Billion of indemnity spend annually.
See what the IHS Markit Score report has to say about Metlife Inc.
# Metlife Inc ### NYSE:MET View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is extremely low for MET with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MET. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $10.43 billion over the last one-month into ETFs that hold MET are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. Although MET credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
MetLife, Inc. -- Moody's upgrades MetLife's Series C preferred stock rating to Baa2(hyb) from Baa3(hyb)
NYSE:MET, senior debt at A3, stable) $1.5 billion 5.250% fixed-to-floating rate non-cumulative preferred stock, Series C to Baa2(hyb) from Baa3(hyb) due to the phase out of mandatory "meaningful" triggers effective January 1, 2019.
Are Investors Undervaluing MetLife (MET) Right Now?
Posted on Jan 14, 2019 (2 days ago)
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
MetLife to Hold Conference Call for Fourth Quarter and Full Year 2018 Results
Posted on Jan 10, 2019 (5 days ago)
MetLife, Inc. (MET) today announced that it will hold its fourth quarter and full year 2018 earnings conference call and audio webcast on Thursday, Feb. 7, 2019, from 9-10 a.m. (ET). The call will follow MetLife’s issuance of its fourth quarter and full year 2018 earnings news release and release of its Fourth Quarter 2018 Financial Supplement on Wednesday, Feb. 6, 2019, after the market closes. The news release and Fourth Quarter 2018 Financial Supplement will also be available on the MetLife Investor Relations web page at www.metlife.com.
At the moment, insurance stocks look like an intriguing group for value investors looking for stocks to buy. Financials across the board have fallen, with several insurers hitting multi-year lows in the past few months. Yet, looking forward, there are reasons to expect the group to outperform. Interest rates should rise, recent Fed commentary aside, and financials and insurers typically win when that happens. Higher rates mean higher returns on an insurance company's 'float' -- and more profits for shareholders. Insurance stocks also are defensive -- an attractive characteristic in a volatile market. And while investor attention since the US election has been focused on high-growth tech and booming cyclicals, there's a case that insurers simply have been forgotten. In a more cautious market, that should no longer be the case. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors All told, the insurance group looks intriguing. Investors can play the space through ETFs such as the SPDR S&P Insurance ETF (NYSEARCA:KIE). But these three insurance stocks to buy should get at least a long look as well. Source: Shutterstock ### The Hartford Financial Services Group (HIG) The case for The Hartford Financial Services Group (NYSE:HIG) is reasonably simple. First, HIG stock is cheap, trading at less than 9x 2019 EPS estimates. Even in the context of a sector that usually gets low multiple, that valuation looks far too conservative. Hartford also has benefits on the way from its pending acquisition of The Navigators Group (NASDAQ:NAVG), a marine-focused insurer. With 2020 EPS - boosted by a full year of Navigators Group financials - likely to clear $5, HIG trades at something like 8x earnings while offering a dividend yield that could reach 3% next year. There are risk. First, Hartford's property and casualty business has benefited from lower catastrophe costs of late - which may reverse. The company's mutual fund business gives it exposure to the equity markets - which have been roiled of late. And competition remains intense, which can pressure both pricing and revenue. Still, with HIG touching a 30-month low last month, much of the bad news looks priced in. Sector-wide and M&A tailwinds are not. At the moment, HIG looks like one of the better "buy the dip" candidates among financials. Source: Pictures of Money via Flickr ### Chubb (CB) The case for Chubb (NYSE:CB) is similar to that for HIG - with perhaps lower risk and lower rewards. Like The Hartford, Chubb is a property and casualty insurer. Like HIG, CB stock has pulled back, dropping 18%+ from early 2018 highs and touching a multi-year low late last year. But Chubb is larger - and could potentially take market share from smaller players like The Hartford. Chubb also has a long history of being more conservative - which gives some comfort as its price-to-book ratio nears 1.1x. * 7 Stocks to Buy That Are Run By Billionaires With a dividend yield of 2.3%, CB isn't going to make investors rich overnight. But there's a nice case here of a fair - and maybe cheap - price for a wonderful business. Chubb increases its dividend every year, generally grows earnings, and should hold up even if broad markets take another leg down. It's a nice combination for near-term - and long-term - outperformance. Source: Shutterstock ### MetLife (MET) Investors looking for more risk, and higher potential gains, in financials and insurers should look to MetLife (NYSE:MET). MetLife ran into trouble beginning in late 2017. The company said it had lost some 600,000 customers who were owed pension payments, which sparked investigations from state regulators. A month later, the company had to delay its earnings report as it disclosed material weakness in internal controls. For an insurer, that type of error obviously raises red flags: MET stock unsurprisingly slid on the news. And MET stock has continued sliding for much of 2018. But the news actually has been better. Earnings, starting with a Q4 report that answered at least some of the concerns, have been solid. The pension issue appears mostly resolved. A new CEO will bring fresh eyes next year. Meanwhile, MET stock trades at a noted discount to past valuation, with price-to-book just 0.84x and the dividend yield near 4%. Again, this is a high-risk play by the standards of the insurance space. There's the obvious "never one cockroach" concern after the accounting issues. But the rewards here are big too: if MetLife can convince investors it's back on track, shareholders will be getting not just a strong dividend, but a stock that has appreciated nicely. As of this writing, Vince Martin has no positions in any securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 3 Insurance Stocks to Invest In Now appeared first on InvestorPlace.
[$$] MetLife CEO Steven Kandarian to Retire in April
Posted on Jan 8, 2019 (7 days ago)
MetLife Inc. President and Chief Executive Steven Kandarian is turning over the reins of the nation’s second-biggest life insurer by assets to a top lieutenant, Michel Khalaf, as he sets April 30 for his retirement. Mr. Khalaf won’t take Mr. Kandarian’s chairman title, however. In another development, MetLife said it is creating the position of nonexecutive chairman, and the post will be held by its current independent lead director, Glenn Hubbard, dean of the Graduate School of Business at Columbia University.
Stocks making the biggest moves after hours: JCPenney, H&R Block and more
Posted on Jan 8, 2019 (7 days ago)
JCPenney JCP shares rose as much as 8 percent after hours as the company announced its same-store comparable sales decreased 3.5 percent during the holidays. The U.S. government has said it will still distribute federal income tax refunds despite the government shutdown. The government has been shut down since December 22 as President Donald Trump and Congress engage in a standoff over funding for a wall along the U.S.-Mexico border.
MetLife Inc. said Tuesday that chief executive Steven Kandarian will retire on April 30. Kandarian served eight years in the role and a total of 14 years with the New York-based insurer. MetLife named Michel Khalaf, currently president of U.
CEOs With Global Flair Underpin MetLife, Prudential Push Abroad
Posted on Jan 8, 2019 (7 days ago)
Promotions for Michel Khalaf, named MetLife Inc.’s chief executive officer Tuesday, and Charles Lowrey, who took the helm at Prudential Financial Inc. in December, underscore the industry’s heightened emphasis on global markets. Khalaf, who takes over in May, currently runs his company’s U.S. and Europe, Middle East and Africa businesses, while Lowrey ran international operations before becoming CEO.