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Ori lost in the storm4/5/2023 ![]() ![]() The consensus mark for CNO’s 2023 earnings has moved 15.5% north in the past 30 days. ![]() The Zacks Consensus Estimate for CNO’s 2023 earnings suggests an improvement of 15.5%, while the same for revenues indicates growth of 3.5% from the corresponding year-ago reported figures. The bottom line of CNO Financial outpaced estimates in two of the trailing four quarters, met the same in one and missed on the other occasion, the average surprise being 14.2%. You can see the complete list of today’s Zacks #1 Rank stocks here. Some better-ranked stocks from the same space are CNO Financial Group CNO, Goosehead Insurance GSHD and Old Republic International ORI.All these companies sport a Zacks Rank #1 (Strong Buy) at present. MetLife Inc currently carries a Zacks Rank #3 (Hold). The top five areas of investment in 2022 included renewable power, communication, water utilities and social housing assets and projects. Infrastructure origination in 2022 was diversified across assets related to transportation like rail, airport, marine projects, ports and toll roads. MIM also provides capital for social and economic infrastructure development projects, benefiting from stable and predictable cash flows. ![]() Due to the increasing volatility of public-market pricing and increasing financial regulations, issuers are turning to private debt, which will increase private placement assets under MIM management and further increase MIM management fees. MIM’s private structured credit investments were well diversified across commercial property assessed clean energy, low-income housing, residential credit, alternative financing and energy. Credit tenant leases origination volume grew 50% from 2021, indicating MIM’s efforts on executing the opportunities in this sector. It accounted for 37% of total origination for 2022. With the core focus being diversification, corporate private placement origination of $3.1 billion was spread across U.K. This was achieved despite a slowdown in capital markets. The corporate private placements team achieved growth in origination volume in the past year, owing to the strength of sourcing capabilities and relationships with agent banks, boutique advisory firms and its direct origination platform. This aligns with MIM’s objective of diversifying across different issuers to protect its client’s wealth. It also added 94 new issuers to the portfolio. MIM originated $8.5 billion, $1.9 billion and $4.7 billion worth of private placement in corporate, structured credit and infrastructure, respectively. The above amount includes $4.1 billion of investments made for unaffiliated institutional clients. MetLife Inc’s MET asset management business MetLife Investment Management (“MIM”) has announced that it originated $15.1 billion of private placement debt and structured credit in 2022. ![]()
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