Last $52.54 USD
Change Today +0.3201 / 0.61%
Volume 3.2M
MET On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 1:40 PM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

metlife inc (MET) Snapshot

Open
$52.29
Previous Close
$52.22
Day High
$52.73
Day Low
$51.88
52 Week High
07/3/14 - $57.57
52 Week Low
10/9/13 - $45.75
Market Cap
59.2B
Average Volume 10 Days
5.4M
EPS TTM
$5.39
Shares Outstanding
1.1B
EX-Date
08/6/14
P/E TM
9.8x
Dividend
$1.40
Dividend Yield
2.39%
Current Stock Chart for METLIFE INC (MET)

metlife inc (MET) Details

MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs 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.

65,000 Employees
Last Reported Date: 02/27/14
Founded in 1863

metlife inc (MET) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.2M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
President of Americas
Total Annual Compensation: $750.0K
President of Asia
Total Annual Compensation: $703.8K
President of the EMEA Division
Total Annual Compensation: $476.3K
Compensation as of Fiscal Year 2013.

metlife inc (MET) Key Developments

MetLife Introduces Universal Life Product That Combines Protection and Flexibility

MetLife, Inc. announced the launch of its new MetLife Secure Flex Universal Life(SM) product, which offers consumers a pair of guarantee provisions and strong cash value growth. The product's built-in death benefit guarantee provides consumers guaranteed coverage regardless of policy performance up to a certain age, and as late as 90 depending on issue age. As part of its innovative MetLife Ultimate Charge Guarantee feature, the product's policyholders will also receive a guarantee of current policy charges at the end of the death benefit guarantee period--letting them know as soon as they purchase the policy exactly how much cash value will be needed to continue coverage after the death benefit guarantee period ends. Additionally, MetLife Secure Flex Universal Life provides consumers with the ability to accumulate tax-deferred cash value in the policy. Compared to other current assumption universal life products with the same crediting rate, premium stream, and client attributes, MetLife Secure Flex Universal Life generally produces higher cash value. This cash value feature gives consumers the flexibility to maintain coverage, reduce premium payments, surrender the policy if no longer needed, or otherwise use the cash value as they see fit. The new product is part of the company's continuing drive to strengthen its life insurance portfolio and follows its decision to reduce rates on its Guaranteed Level Term policy in August.

Equity Group Reportedly Finds a Buyer For Normandale Lake Office Park

The investment arm of insurance giant MetLife, Inc. (NYSE:MET) will buy the Normandale Lake Office Park from Equity Group Investments, according to sources familiar with the matter that declined to be named. The sale price is expected to be between $370 million and $380 million, sources said. According to St. Paul Business Journal, a spokesman for MetLife declined to comment and a spokeswoman for Equity Group couldn't be reached. Tom O'Brien, Terry Kingston, Tom Tracy and Zach Pettus of Cushman & Wakefield acted as brokers in the deal.

MetLife Inc. Promotes Heather Wingate to Senior Vice President and Head of Global Government Relations

MetLife Inc. has promoted Heather Wingate to Senior Vice President and Head of Global Government Relations, effective immediately. Wingate will be responsible for managing MetLife's government relations organization and developing comprehensive strategies for the regulatory and policy challenges facing the company. Wingate was hired in 2012 to head MetLife's Washington, D.C.-based federal government relations office. She has been an advocate for the company on regulatory matters concerning federal insurance capital standards and the systemically important financial institution designation.

 

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MET Competitors

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Company Last Change
American International Group Inc $52.48 USD -0.4765
China Life Insurance Co Ltd CNY15.55 CNY -0.08
Muenchener Rueckversicherungs AG €151.72 EUR -2.95
WellPoint Inc $118.48 USD +0.33
Zurich Insurance Group AG SFr.284.10 CHF -0.80
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Industry Analysis

MET

Industry Average

Valuation MET Industry Range
Price/Earnings 13.7x
Price/Sales 0.9x
Price/Book 0.9x
Price/Cash Flow 13.2x
TEV/Sales NM Not Meaningful
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