MetLife Stock Price, News & Analysis

MetLife Investment Management (MIM) and Norges Bank Investment Management (NBIM) have announced the acquisition of One Memorial Drive in Cambridge, Massachusetts, for $825.1 million, marking it the largest single-asset office transaction in the U.S. for 2021. This Class A office building spans 409,422 square feet and is fully occupied by InterSystems Corporation and Microsoft Corporation. MIM emphasizes sustainability with its MetZero™ program, aiming to reduce emissions over time. The joint venture between MIM and NBIM continues to focus on high-quality assets in strategic markets.

MetLife Investment Management (MIM) reported originating $6.4 billion in private placement debt and structured credit in the first half of 2021 across 107 transactions. Of this, $1.2 billion was for unaffiliated institutional clients. MIM's total assets under management reached $102.0 billion as of June 30, 2021. Key highlights include $4.0 billion in corporate debt, $1.5 billion in infrastructure, and $848 million in structured credit. MIM anticipates ongoing strong market activity and a commitment to responsible investing in areas like renewable energy.

The MetLife Pet Insurance survey reveals that 74% of working pet parents are worried about pet care costs as they prepare to return to in-person work. The survey highlights a concern for pets' routines and health, with 95% anticipating changes. Young respondents, especially Gen Z (85%), express heightened anxiety over expenses. Many plan to invest in pet care support, adjust work hours, or even take pay cuts. Notably, 67% of pet parents are considering job changes due to inadequate pet benefits, emphasizing the need for employers to enhance pet-related offerings to retain talent.

MetLife Investment Management (MIM) announced the topping out of the Mira luxury apartment complex at Midtown Union in Atlanta, set to feature 355 units across 26 stories. Construction began in November 2019, with leasing expected to start mid-2022. The project, part of a mixed-use development, aims to enhance the local community by creating jobs and supporting economic growth. MIM's real estate platform manages $106.6 billion in commercial assets as of June 30, 2021, showcasing its significant presence in real estate investment.

MetLife, Inc. (NYSE: MET) has announced an increase in its U.S. minimum wage to $20 an hour, aimed at enhancing employee financial security. CEO Michel Khalaf emphasized that the well-being of employees is crucial for delivering on company promises. This wage increase is part of ongoing investments in workforce development, including a $10 million fund established in 2018 for training and career development. MetLife continues to strengthen its workforce while fostering a culture of learning and innovation.

MetLife, Inc. (NYSE: MET) announced that CEO Michel Khalaf and CFO John McCallion will participate in a fireside chat at the 2021 Keefe, Bruyette & Woods Virtual Insurance Conference on September 10, 2021, at 11:20 a.m. (ET). A live audio webcast will be accessible online, urging attendees to log in 15 minutes early to ensure proper setup. The presentation replay will be available until September 17, 2021, at 11:59 p.m. (ET). MetLife, founded in 1868, operates globally, offering diverse financial services, including insurance and asset management.

MetLife, Inc. (NYSE: MET) has announced preferred stock dividends for various series of its non-cumulative preferred stock. Key details include:

• Quarterly dividend of $0.25555555 on Series A, payable on Sept. 15, 2021.
• Semi-annual dividend of $29.375 on Series D, with a liquidation preference of $1,000.
• Quarterly dividends of $351.5625 on Series E and $296.875 on Series F.
• Semi-annual dividend of $19.250 on Series G.

These dividends are payable to shareholders of record as of Aug. 31, 2021.

MetLife, in collaboration with the New York Jets and Giants, announced the winners of the MetLife Workforce Mural contest to honor essential workers in the Tri-State area. Winning artworks by Tiffany Loo and Tricia Reilly-Matthews will be featured as large-scale murals at MetLife Stadium. The initiative celebrated essential workers, including first responders and grocery staff, during the pandemic. Former NFL players Bart Scott and Victor Cruz assisted in selecting the artworks. The murals are on display at the stadium entrance throughout the season.