Rating Alert: Will FBR & Co. Downgrade Harm Metlife Inc (NYSE:MET) Stock Price Today?

November 28, 2016 - By Hazel Jackson

Rating Alert:  Will FBR & Co. Downgrade Harm Metlife Inc (NYSE:MET) Stock Price Today?

Metlife Inc (NYSE:MET) Downgrade

Metlife Inc (NYSE:MET)‘s Outperform rating is no longer valid. The firm rating was lowered by analysts at FBR & Co. to Mkt Perform. They have a PT of $54.00 on MET.

Metlife Inc (NYSE:MET) Ratings Coverage

Out of 12 analysts covering MetLife (NYSE:MET), 7 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 58% are positive. $65.0 is the highest target while $46 is the lowest. The $55 average target is -0.81% below today’s ($55.45) stock price. MetLife has been the topic of 16 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, January 19. On Friday, January 22 the stock rating was upgraded by Raymond James to “Strong Buy”. The firm has “Buy” rating by Deutsche Bank given on Friday, July 31. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, July 13 report. The rating was initiated by Credit Suisse with “Neutral” on Friday, October 7. Wells Fargo reinitiated Metlife Inc (NYSE:MET) on Friday, September 23 with “Outperform” rating. The firm has “Outperform” rating by FBR Capital given on Monday, August 29. Morgan Stanley downgraded Metlife Inc (NYSE:MET) on Wednesday, November 11 to “Equal-Weight” rating. The rating was upgraded by Macquarie Research to “Outperform” on Thursday, January 14. As per Monday, June 27, the company rating was upgraded by Sandler O’Neill.

The stock increased 0.18% or $0.1 on November 25, hitting $55.45. Metlife Inc (NYSE:MET) has risen 19.92% since April 25, 2016 and is uptrending. It has outperformed by 13.90% the S&P500.

Analysts await Metlife Inc (NYSE:MET) to report earnings on February, 1. They expect $1.35 EPS, up 9.76% or $0.12 from last year’s $1.23 per share. MET’s profit will be $1.49B for 10.27 P/E if the $1.35 EPS becomes a reality. After $1.28 actual EPS reported by Metlife Inc for the previous quarter, Wall Street now forecasts 5.47% EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.11, from 1.04 in 2016Q1. The ratio fall, as 55 funds sold all Metlife Inc shares owned while 343 reduced positions. 81 funds bought stakes while 334 increased positions. They now own 797.11 million shares or 0.92% less from 804.49 million shares in 2016Q1.

Palladium Prtnrs Llc, a Virginia-based fund reported 126,779 shares. Atalanta Sosnoff Capital Lc, a New York-based fund reported 38,560 shares. Glenmede Tru Communications Na holds 0.03% or 136,956 shares in its portfolio. Veritable Limited Partnership accumulated 20,413 shares or 0.02% of the stock. Utd Automobile Association has 0.14% invested in the company for 1.00M shares. First Houston Cap Inc owns 54,300 shares or 2% of their US portfolio. Whittier accumulated 0.15% or 82,722 shares. Guggenheim Capital holds 0.14% of its portfolio in Metlife Inc (NYSE:MET) for 1.12M shares. Loeb Corp has 0.55% invested in the company for 42,250 shares. Stellar Ltd Liability Corporation last reported 2.7% of its portfolio in the stock. State Of New Jersey Common Pension Fund D has 0.27% invested in the company for 1.49 million shares. Walleye Trading Ltd Limited Liability Company has 57,577 shares for 0.02% of their US portfolio. Addenda Capital reported 25,312 shares or 0.07% of all its holdings. Pggm Investments last reported 0.13% of its portfolio in the stock. Congress Asset Communications Ma has 61,680 shares for 0.06% of their US portfolio.

MetLife, Inc. is a provider of life insurance, annuities, employee benefits and asset management. The company has a market cap of $61.06 billion. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). It has a 17.02 P/E ratio. The Company’s Retail segment is organized into two businesses: Life & Other, and Annuities.

According to Zacks Investment Research, “Metlife Inc. is a leading provider of insurance and financial services to a broad spectrum of individual and institutional customers. The company currently provides individual insurance, annuities and investment products. The company also provides group insurance and retirement and savings products and services to corporations and other institutions. The company believes that their unparalleled franchises and brand names uniquely position them to be the preeminent provider of insurance and financial services in the U.S.”

MET Company Profile

MetLife, Inc. (MetLife), incorporated on August 10, 1999, is a well-known provider of life insurance, annuities, employee benefits and asset management. The Company’s divisions include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLife’s Corporate & Other contains the surplus portfolios for the enterprise, the portfolios used to fund the capital needs of the Company and various reinsurance agreements. In the United States, the Company provides a range of insurance and financial services products, including life, dental, disability, property and casualty, guaranteed interest, stable value and annuities, through both proprietary and independent retail distribution channels, as well as at the workplace. Outside the United States, the Company provides life, medical, dental, credit and other accident and health insurance, as well as annuities, endowment and retirement and savings products to both individuals and groups.

Another recent and important Metlife Inc (NYSE:MET) news was published by Investorplace.com which published an article titled: “Metlife Inc (MET) Is Starting Its Run” on November 17, 2016.

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