MetLife Stock Price, News & Analysis

MetLife, in collaboration with the New York Jets and New York Giants, has launched the MetLife All-Pet Team contest starting September 26 through October 24. Pet owners can submit photos and descriptions to feature their pets as top players for a chance to win tickets to a game and other prizes. The contest emphasizes the bond between pets and their owners in the context of football culture. Additionally, MetLife Pet Insurance provides various benefits for pet health, including short wait periods for coverage and telehealth services.

MetLife Bangladesh and Citibank have launched the first Host-to-Host (H2H) payment processing platform in Bangladesh, utilizing the Central Bank's Electronic Fund Transfer Debit network. This innovative platform allows consumers to pay insurance premiums directly from their bank accounts, enhancing payment efficiency for over 1 million MetLife customers. The technology integration was facilitated through Citi's CitiDirect BE online banking platform, aiming to strengthen payment channels for customers preferring electronic transactions.

MetLife has launched Upwise™, a new free mobile app aimed at helping consumers manage financial stress. According to a recent study, 86% of working consumers identify finances as a significant stressor. Upwise™ connects users’ emotions with financial habits, offering tools like a Money Mood assessment, budgeting assistance, and subscription management. The app provides personalized challenges and recommendations to boost financial wellness. Employers are encouraged to include Upwise™ in their wellness offerings, as financially healthy employees are 37% more productive.

MetLife's recent study highlights the challenges Millennial managers face in supporting employee well-being, often at the expense of their health. The study reveals that 42% of Millennial managers report feeling burned out, compared to lower percentages in other generations. In contrast, employees with supportive Millennial managers show better overall health. The findings emphasize the need for employers to provide adequate training and benefits to support these managers, who are crucial to organizational success. Key benefits include financial planning tools, pet insurance, and legal services.

MetLife, Inc. (NYSE: MET) announces the appointment of Michael Roberts as executive vice president and chief marketing officer, effective November 2, 2021. He will lead Global Brand and Marketing, succeeding Esther Lee. Roberts previously held the CMO position at The Vanguard Group, managing over $2 trillion in assets, and has a strong track record of driving growth. His focus will be on creating value-driven marketing solutions to bolster customer relationships and enhance MetLife’s market presence.

MetLife is commemorating the 20th anniversary of the September 11 attacks by contributing a total of $375,000 to various organizations. The funds will support the 9/11 Day, the 9/11 Memorial and Museum, and the FDNY Foundation. MetLife employees will also volunteer for meal packing events to assist first responders and those in need. This initiative continues MetLife's long-standing commitment to community service and disaster recovery, building upon its significant contributions in the aftermath of the attacks.

MetLife Investment Management (MIM) has announced the arrangement of GBP 122.5 million in loan notes for Triple Point Social Housing REIT plc to refinance existing debt and bolster future growth. This financing is part of a GBP 195 million placement program tied to sustainability targets. MIM emphasizes its commitment to addressing the U.K. housing crisis by investing in sustainable housing for vulnerable adults. As of June 30, 2021, MIM managed $131.9 billion in private capital and $666.7 billion in total assets.

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.