Bullish options flow was detected in MET stock on January 10, 2020.
A whopping 29,684 call options traded with a strike of $55 and an expiration date of March 20, 2020.
We also detected two dark pool trades in MET stock on January 10, 2020.
On January 8, 2020, MetLife, Inc. (NYSE: MET) today announced that it has become the first life insurance company to earn Fitwel certifications for its commitment to healthy workplaces.
Operated by the Center for Active Design, Fitwel is a joint initiative of the U.S. Centers for Disease Control and Prevention and the General Services Administration. It is the leading global health certification system providing effective design and operational strategies to support occupant health and productivity.
Fitwel measures the health impact of a building based on several factors, including how it promotes occupant safety, how it increases physical activity, and how it affects the health of the surrounding community.
“MetLife is proud that our offices and amenities help people live healthier lives and feel more connected to the work they do,” said Timothy O’Brien, MetLife’s senior vice president of real estate and corporate services.
To date, MetLife has obtained Fitwel certifications for three offices in the United States with more than 4,000 employees covering over 1.3 million square feet of real estate, including its global headquarters at 200 Park Avenue in New York City. Amenities include meditation rooms, sit-stand desks, fitness centers, healthy dining options, nursing mother rooms, and treadmill desk meeting rooms.
The company’s institutional asset management business, MetLife Investment Management (MIM), has also obtained certifications for three properties held in its real estate equity investment portfolio. Representing more than 2 million square feet of office space combined across the three locations, the certifications underscore MIM’s commitment to promoting wellness in the communities it serves across the U.S.
“MetLife Investment Management is committed to sustainable building practices, including healthy tenant environments, and we’ve used the lessons learned from our own Fitwel-certified corporate assets to promote wellness across our real estate equity investment portfolio,” said Robert Merck, senior managing director and global head of real estate and agriculture for MIM.
On January 7, 2020, Morgan Stanley analyst Nigel Dally upgraded MetLife to Overweight from Equal Weight with a price target of $60, up from $55. Nigel said he is confident in the meaningful benefits coming from the company’s drive toward simplicity and cash generation. He sees “ample room” for multiple expansion for MetLife shares.
MetLife will also benefit from the SECURE Act President Trump will sign into law. On December 20, 2019, MetLife issued the following statement today from Graham Cox, executive vice president and head of MetLife’s Retirement & Income Solutions group, on the SECURE Act being signed into law as part of the Further Consolidated Appropriations Act, 2020:
“We applaud the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This legislation modernizes the nation’s retirement system by expanding access to solutions that will help workers live more confidently in retirement. It’s no longer enough that employees save for retirement ˗ they need help understanding how to generate a steady level of income. Through the provisions of the SECURE Act, employees can better understand the potential danger of outliving their savings and reduce the risk that they run out of money in retirement.”