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Last $50.66 USD
Change Today -0.47 / -0.92%
Volume 3.8M
MET On Other Exchanges
Symbol
Exchange
Berlin
Mexico
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

metlife inc (MET) Snapshot

Open
$51.05
Previous Close
$51.13
Day High
$51.28
Day Low
$50.51
52 Week High
07/3/14 - $57.57
52 Week Low
01/30/15 - $46.10
Market Cap
56.7B
Average Volume 10 Days
5.7M
EPS TTM
$5.63
Shares Outstanding
1.1B
EX-Date
02/4/15
P/E TM
9.0x
Dividend
$1.40
Dividend Yield
2.76%
Current Stock Chart for METLIFE INC (MET)

metlife inc (MET) Details

MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, including private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, as well as mutual funds and other securities products. It also offers group insurance products, such as variable, universal, and term life products; dental, group short- and long-term disability, and accidental death and dismemberment coverages; and voluntary and worksite products consisting of personal lines property and casualty insurance, as well as LTC, prepaid legal plans, and critical illness products. In addition, the company provides annuity and investment products comprising guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets; and structured settlements and products to fund postretirement benefits and company-, bank- or trust-owned life insurance, as well as health insurance, group medical, credit insurance, endowment, retirement, and savings products. It serves individuals and corporations, as well as other institutions and their employees. The company sells its products through sales forces, third-party organizations, independent agents, and property and casualty specialists, as well as through career agency, bancassurance, direct marketing, brokerage, and e-commerce channels. MetLife, Inc. was founded in 1863 and is based in New York, New York.

68,000 Employees
Last Reported Date: 03/23/15
Founded in 1863

metlife inc (MET) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $637.5K
President of Americas
Total Annual Compensation: $768.8K
President of Asia
Total Annual Compensation: $737.5K
Executive Vice President of Global Technology...
Total Annual Compensation: $625.0K
Compensation as of Fiscal Year 2014.

metlife inc (MET) Key Developments

MetLife, Inc. Starts Construction on New Global Headquarters for its Investments Business in Hanover, N.J

MetLife, Inc. announced that construction has begun on a new global headquarters for its investments business in Hanover, N.J. The new, four-story office complex will be LEED Gold-certified and is expected to be completed in the summer of 2016. MetLife Investments will move all 850 employees from its current location in Morristown, N.J., where it has been located for 15 years. The new headquarters will be about 2.5 miles from the current location. In addition to its headquarters in New Jersey, MetLife Investments has regional offices throughout the United States as well as in Europe, Asia and Latin America.

MetLife Inc., AXA Equitable Life Insurance Co. and Lincoln National Corp. Face Class-Action Lawsuits over Shadow Insurance Allegations

MetLife Inc., AXA Equitable Life Insurance Co. and Lincoln National Corp. are facing class-action lawsuits related to certain practices involving reinsurers. MetLife and AXA Equitable each face two lawsuits, while Lincoln National is facing one. Four of the cases were reportedly filed in the U.S. District Court in New York, while the fifth was filed in the U.S. District Court in New Jersey. Plaintiffs in the lawsuit against Lincoln National alleged that the insurer used a practice called two-step transactions through which it was able to hide its shadow insurance practices. The law suit, in such a transaction the New York-based insurance company transfers risk to its non-New York-based affiliate. The affiliate then retrocedes such risk to a captive reinsurer affiliated with the original New York-based company. That process allows the New York-based insurance company to report that it did not transact directly with the captive, the news outlet said. The suit against Lincoln National further claims that this practice allowed the company to use assets to pay higher salaries to executives, acquire other life insurers or declare higher dividends instead of preserving such assets to pay claims. One of the lawsuits against AXA Equitable reportedly alleged that the insurer engaged in shadow insurance practices related to its life insurance business, resulting in materially misleading representations of its financial condition. The other lawsuit, which pertains to the company's variable annuity business, alleges that the company's shadow insurance practices resulted in misrepresentations about its financial condition, which it used to market guaranteed benefits insurance riders and other life insurance products. In one of the complaints against MetLife, it is alleged that the company is engaging in practices that places the financial futures of its policyholders, their beneficiaries and even the public at risk.

MetLife, Inc. Announces Bill Wheeler to Retire as President of the America, Effective August 2015

MetLife, Inc. announced that Bill Wheeler, President of the Americas since 2011, will retire effective August of 2015.

 

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Industry Analysis

MET

Industry Average

Valuation MET Industry Range
Price/Earnings 9.4x
Price/Sales 0.8x
Price/Book 0.8x
Price/Cash Flow 9.1x
TEV/Sales NM Not Meaningful
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