MetLife Investment Management Acquires PineBridge, Managing $734.7 Billion in Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Businesswire
- Acquisition Completed: MetLife Investment Management (MIM) has finalized its acquisition of PineBridge Investments, resulting in a combined asset management total of $734.7 billion, significantly enhancing its competitive position in the global asset management market.
- Strategic Objective: This acquisition is a pivotal move in MIM's New Frontier strategy to accelerate growth in asset management, merging MIM's institutional strength with PineBridge's global reach to address market challenges and seize future investment opportunities.
- Leadership Team Integration: MIM has announced a new leadership team composed of top talent from both firms, with Brian Funk as the President of the combined business, ensuring that expertise and shared vision are maintained to generate greater long-term value for clients.
- International Client Base: More than half of the client assets acquired in this transaction are held by investors outside the U.S., with one-third located in Asia, indicating MIM's potential for global market expansion and its appeal to international investors.
MET
$79.99+Infinity%1D
Analyst Views on MET
Wall Street analysts forecast MET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MET is 92.42 USD with a low forecast of 84.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
10 Buy
2 Hold
0 Sell
Strong Buy
Current: 80.300
Low
84.00
Averages
92.42
High
100.00
Current: 80.300
Low
84.00
Averages
92.42
High
100.00
About MET
MetLife, Inc. is a financial services company, providing insurance, annuities, employee benefits and asset management to individual and institutional customers. Its segments include Group Benefits; Retirement and Income Solutions (RIS); Asia; Latin America; Europe, the Middle East and Africa (EMEA); and MetLife Holdings. Group Benefits segment offers life insurance, dental, group short- and long-term disability, paid family and medical leave, individual disability, accidental death and dismemberment insurance, accident and health insurance, and vision, as well as prepaid legal plans and pet insurance. RIS segment provides funding and financing solutions that help institutional customers mitigate and manage liabilities primarily associated with their employee benefit programs using a spectrum of life and annuity-based insurance and investment products. It operates across EMEA in both developed (Western Europe) and emerging (Central and Eastern Europe, Middle East and Africa) markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
