MetLife Investment Management Agrees to Acquire Traditional Fixed Income and Equity Portfolio Management Teams Managing $6 Billion From Mesirow
MetLife, Inc. (MET)
Last metlife, inc. earnings: 2/5 04:15 pm
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Source: Business Wire
Acquisition includes high yield, strategic fixed income and small-cap equity teams WHIPPANY, N.J.--(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that it has reached a definitive agreement to acquire three investment teams and assets managed by Mesirow, an independent, employee-owned financial services firm. MIM is acquiring the high yield and bank loan, strategic fixed income and small-cap equity teams and certain related investment products.Under the terms of the transaction, about $6 billion of assets managed by the acquired teams will transfer to MIM, subject to customary approvals and consents. The acquisition is consistent with MetLife’s New Frontier strategy to accelerate growth in asset management and MIM’s efforts to expand offerings and channels and adding higher yield capabilities. MIM is a top 25 institutional investment manager globally by assets under management.1The acqui
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MET
News
- MetLife Declares First Quarter 2025 Common Stock DividendBusiness Wire
- MetLife, Inc. (NYSE: MET) had its price target raised by analysts at JPMorgan Chase & Co. from $86.00 to $88.00. They now have an "overweight" rating on the stock.MarketBeat
- MetLife, Inc. (NYSE: MET) had its price target raised by analysts at Barclays PLC from $90.00 to $96.00. They now have an "overweight" rating on the stock.MarketBeat
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- MetLife, Inc. (NYSE: MET) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
MET
Earnings
- 10/30/24 - Miss
MET
Sec Filings
- 1/7/25 - Form 144
- 1/6/25 - Form 4
- 1/6/25 - Form 4
- MET's page on the SEC website