MetLife, Inc. MET recently announced its partnership with Workday, Inc. WDAY as a strategic partner in the newly launched Workday Wellness program. This partnership aligns MetLife, the largest U.S. Group Benefits carrier, with Workday’s innovative AI-powered solution to optimize employer benefit programs.
This move bodes well for MetLife as it will integrate its benefits offerings with Workday’s analytics-driven platform. The Workday Wellness program enables employers to analyze their employees’ benefit preferences and usage patterns, optimizing decision-making for more tailored and effective benefit solutions. This would aid MetLife, resulting in higher premiums in the future.
MetLife, through this partnership, will be able to enhance the appeal of its products, by addressing the evolving needs of employers and employees. This insight-driven approach is expected to deepen customer engagement and bolster MetLife’s position as a provider of comprehensive group benefits.
Moreover, this collaboration simplifies administrative processes for employers, which is a pain point in today’s increasingly complex benefits landscape. By offering seamless integration with Workday’s platform, MetLife can deliver a smoother client experience, potentially attracting new business and strengthening retention rates. Over the next three years, MetLife expects adjusted PFOs in the Group Benefits business to rise in the range of 4-6%.
MET’s Price Performance
MetLife’s shares have gained 26.7% in the past year, outperforming the 22.6% growth of the industry.
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MET’s Zacks Rank
MetLife currently has a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks in the Finance space are BrightSphere Investment Group Inc. BSIG and First Savings Financial Group, Inc. FSFG. Each stock presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BrightSphere Investment’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 20.07%. The Zacks Consensus Estimate for BSIG’s 2024 earnings indicates a rise of 45.5%, while the consensus mark for revenues implies growth of 16.6% from the corresponding year-ago figures. The consensus mark for BSIG’s 2024 earnings has moved 12.1% north in the past 60 days.
The bottom line of First Savings Financial beat estimates in three of the trailing four quarters and missed the mark once, the average surprise being 11.60%. The Zacks Consensus Estimate for FSFG’s 2024 earnings implies an improvement of 55.9%, while the consensus mark for revenues indicates growth of 8.5% from the corresponding year-ago figures. The consensus mark for FSFG’s 2024 earnings has moved 20.5% north in the past 60 days.
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