MetLife Officially Announces 4Q Results, Outlines Operational Issues
About two weeks ago, MetLife provided preliminary fourth-quarter results but had to delay its full announcement because of accounting issues. The complete numbers released Feb. 13 contain no major surprises, and we maintain our $52 fair value estimate and no-moat rating.On the earnings call, management outlined the operational issues it uncovered, which led to a little over $500 million in reserve strengthening. The firm discovered that the processes by which it attempts to locate missing or un...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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