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UBS has raised its price target for MetLife, Inc. to $98 from $94 while maintaining a Buy rating. MetLife is a leading American insurance group, with 61.3% of its premiums from life insurance, 38.4% from accident and health insurance, and 0.3% from property and casualty insurance. Geographically, 73.7% of premiums are generated in the United States, followed by Asia (11.9%), Latin America (9.7%), and Europe/Middle East/Africa (4.6%).
Deutsche Bank has raised its price target on MetLife, Inc. to $87 from $81 while maintaining a hold rating. MetLife is a prominent American insurance group, with 61.3% of its premiums from life insurance, 38.4% from accident and health insurance, and 0.3% from property and casualty insurance. Geographically, 73.7% of premiums are generated in the United States, followed by Asia (11.9%), Latin America (9.7%), and Europe/Middle East/Africa (4.6%).
A former JPMorgan Chase employee has filed a lawsuit claiming the bank's 401(k) plan offered an underperforming stable value investment, alleging a failure to adequately review investment options and fulfill fiduciary duties under ERISA. The complaint highlights that the plan, with over $44 billion in assets, could have negotiated better crediting rates from insurance companies, which profited from low returns on investments. The plaintiff seeks to have JPMorgan declared in breach of its fiduciary responsibilities and to recover losses incurred by plan participants.
A former employee has filed a lawsuit against JPMorgan Chase Bank, claiming the bank's 401(k) plan underperformed due to poor investment choices and inadequate fiduciary oversight. The complaint alleges that the JPMorgan Stable Value Fund, which invested in synthetic guaranteed investment contracts, carried excessive risk and low crediting rates, benefiting insurance companies at the expense of plan participants. The plaintiff seeks to have the court declare JPMorgan breached its fiduciary duties and to recover losses from imprudent investments.
MetLife's CFO, John McCallion, forecasts a positive outlook for commercial real estate in 2025, driven by improving returns and favorable economic conditions. He noted that the sector, excluding office spaces, appears to have reached its lowest point, supported by healthy growth and stronger transaction activity. In the third quarter, MetLife sold five properties, generating gains between $120 million and $150 million.
MetLife, Inc.
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ubs raises metlife price target to ninety eight maintains buy rating
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