Key Developments: Metlife Inc (MET)
45.22USD
19 Jun 2013
$-0.19 (-0.42%)
$45.41
$45.36
$46.16
$44.74
10,185,978
7,884,005
$46.16
$28.33
Latest Key Developments (Source: Significant Developments)
Metlife Inc Reaffirms FY 2013 EPS Guidance-Conference Call
Metlife Inc reaffirmed fiscal 2013 guidance and expects earnings guidance to be toward the high end of range that the Company gave for the full year of $5.35. So it would not recommend annualizing at the $1.48 at this point. Full Article
Metlife Inc Merging Offshore Reinsurance Unit With Three U.S. Subsidiaries-DJ
Dow Jones reported that Metlife Inc is merging an offshore reinsurance unit with three of the parent company's U.S. subsidiaries. The offshore MetLife unit, named Exeter Reassurance Co. and based in the Cayman Islands, will be consolidated with insurance subsidiaries in Connecticut, Delaware and Missouri. Full Article
Metlife Inc Declares Second Quarter 2013 Preferred Stock Dividends
Metlife Inc announced that it has declared second quarter 2013 dividends of $0.2555555 per share on the Company`s floating rate non-cumulative preferred stock, Series A , and $0.4062500 per share on the Company`s 6.50% non-cumulative preferred stock, Series B . Both dividends are payable June 17, 2013 to shareholders of record as of May 31, 2013. Full Article
Manulife Financial Corp, Metlife Inc Said To Bid For AMMB Holdings Bhd Life Insurance Unit-Reuters
Reuters reported that Manulife Financial Corp and Metlife Inc are among companies that have made bids for a controlling stake in the life insurance unit of Malaysian lender, AMMB Holdings Bhd. Officials with AMMB Holdings declined comment. All suitors mentioned in the story declined comment. Full Article
Metlife Inc Reaffirms FY 2013 EPS Guidance-Conference Call
Metlife Inc announced that for fiscal 2013, it expects operating earnings to be between $4.95 to $5.35 per share. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $5.29 for fiscal 2013. Full Article
Metlife Inc Declares Second Quarter 2013 Common Stock Dividend
Metlife Inc announced that it has declared a second quarter 2013 common stock dividend of $0.275 per share. The dividend will be payable on June 13, 2013 to shareholders of record as of May 9, 2013. Full Article
Metlife Inc Confirms First Quarter 2013 Preferred Stock Dividends
Metlife Inc announced that it confirmed its previously announced declaration of the first quarter 2013 dividends of $0.2500000 per share on the Company`s floating rate non-cumulative preferred stock, Series A, and $0.4062500 per share on the Company`s 6.50% non-cumulative preferred stock, Series B. Both dividends will be payable on March 15, 2013 to shareholders of record as of February 28, 2013. Full Article
Moody's Investors Service Affirms Senior Debt Credit Rating On Metlife Inc-DJ
Dow Jones reported that Moody's Investors Service has affirmed MetLife Inc's senior debt credit rating at A3 and changed the outlook for the long-term ratings of the Company. The outlook of the short-term ratings of the Company remains stable. Full Article
Metlife Inc's MetLife India And Punjab National Bank Announces Partnership
Metlife Inc announced that MetLife India has completed a partnership agreement with Punjab National Bank (PNB). Under the agreement PNB obtained a 30% ownership in the Company. MetLife India will be known as PNB MetLife India Insurance Company Limited (PNB MetLife). Full Article
Banco Bilbao Vizcaya Argentaria S.A. Reaches Agreement with Metlife Inc Concerning Sale of its 64.3% share capital Administradora de Fondos de Pensiones Provida S.A.
Banco Bilbao Vizcaya Argentaria S.A. (BBVA) announced that it has reached an agreement (the "Agreement") with MetLife, Inc, for the sale of the 64.3% share capital that BBVA holds in the Chilean pension fund manager "Administradora de Fondos de Pensiones Provida S.A.' ("AFP Provida" or the "Company"). Pursuant to the terms of the Agreement and subject to the satisfaction of the conditions set forth therein: MetLife, Inc has agreed to cause one or more of its wholly-owned affiliates to commence, both in the Republic of Chile and in the United States of America, a tender offer in cash (the "Tender Offer") for 100% of the issued and outstanding shares of AFP Provida; and BBVA has agreed to transfer the entirety of its 64.3% interest in AFP Provida to such affiliates of MetLife, Inc either (i) directly through the Tender Offer, or (ii) partially directly through the Tender Offer and partially indirectly through the sale to MetLife, Inc of a newly incorporated BBVA affiliate in Chile. In this case, BBVA shall be paid the same price that it would be paid by the transfer of the shares of AFP Provida through the Tender Offer. BBVA estimates that the total cash amount that the shareholders of the Company could be paid upon completion of this Agreement, taking into account the purchase price and the dividends that could be distributed, could amount to USD 2,365 million, of which USD 1,521 million would correspond to the BBVA's 64.3% interest in the Company. Full Article
Metlife, Manulife said to bid for Malaysia AMMB life insurance unit
HONG KONG/SINGAPORE, May 9 - Manulife Financial Corp and Metlife Inc are among the suitors to submit first-round bids for the life insurance unit of Malaysian lender AMMB Holdings Bhd, people familiar with the matter told Reuters, in a deal that could be worth up to $350 million.
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