Rating On Watch: FBR & Co. Gives MetLife (NYSE:MET) Lower Rating. What Is Next?

November 28, 2016 - By Linda Rogers

Rating On Watch:  FBR & Co. Gives MetLife (NYSE:MET) Lower Rating. What Is Next?

MetLife (NYSE:MET) Downgrade

FBR & Co. has cut MetLife (NYSE:MET) stock to “Mkt Perform” in an analyst note shared with investors on Monday morning, and has set a 12month PT at $54. MET’s old rating was “Outperform”.

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 rating was downgraded by Citigroup on Tuesday, January 5 to “Neutral”. Macquarie Research upgraded Metlife Inc (NYSE:MET) on Thursday, January 14 to “Outperform” rating. The stock has “Neutral” rating given by Credit Suisse on Friday, October 7. Morgan Stanley downgraded Metlife Inc (NYSE:MET) rating on Wednesday, November 11. Morgan Stanley has “Equal-Weight” rating and $56 price target. The stock of Metlife Inc (NYSE:MET) earned “Buy” rating by Deutsche Bank on Friday, July 31. The company was upgraded on Monday, June 27 by Sandler O’Neill. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, July 13 report. RBC Capital Markets maintained Metlife Inc (NYSE:MET) on Tuesday, January 19 with “Outperform” rating. Raymond James upgraded the shares of MET in a report on Friday, January 22 to “Strong Buy” rating. The firm earned “Outperform” rating on Monday, August 29 by FBR Capital.

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 earnings per share, up 9.76% or $0.12 from last year’s $1.23 per share. MET’s profit will be $1.49 billion for 10.27 P/E if the $1.35 EPS becomes a reality. After $1.28 actual earnings per share 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 2016 Q2. Its down 0.11, from 1.04 in 2016Q1. The ratio dropped, 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.

Moreover, Raymond James Na has 0.17% invested in Metlife Inc (NYSE:MET) for 50,142 shares. Suffolk Capital Management Lc accumulated 122,818 shares or 0.63% of the stock. Dumont Blake Advsr Ltd Liability Company last reported 0.95% of its portfolio in the stock. Pictet Asset Management Ltd, a United Kingdom-based fund reported 523,297 shares. Samsung Asset Management (New York) holds 0.8% or 26,060 shares in its portfolio. Carl Domino holds 0.75% or 20,025 shares in its portfolio. Sumitomo Life Insur Co owns 23,029 shares or 0.13% of their US portfolio. Sunbelt Securities accumulated 403 shares or 0% of the stock. Private Mgmt Gru accumulated 2.46% or 939,605 shares. Markston Int Limited Com has invested 0.61% of its portfolio in Metlife Inc (NYSE:MET). Moreover, Teacher Retirement System Of Texas has 0.25% invested in Metlife Inc (NYSE:MET) for 912,571 shares. Holderness holds 0.21% of its portfolio in Metlife Inc (NYSE:MET) for 5,280 shares. Clearbridge Lc holds 0.52% of its portfolio in Metlife Inc (NYSE:MET) for 11.06M shares. Americafirst Cap Limited Liability Com has invested 0% of its portfolio in Metlife Inc (NYSE:MET). Selway Asset holds 35,100 shares or 0.9% of its 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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