Today’s Rating On Watch: FBR & Co. Reports Downgrade of MetLife (NYSE:MET) with $54.0 Target Price

November 28, 2016 - By Darrin Black

Today's Rating On Watch:  FBR & Co. Reports Downgrade of MetLife (NYSE:MET) with $54.0 Target Price

MetLife (NYSE:MET) Downgrade

MetLife (NYSE:MET)‘s stock was lowered to a Mkt Perform by stock analysts at FBR & Co., who have a TP of $54.0 on MET. The firm’s Outperform rating is no longer valid.

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 of Metlife Inc (NYSE:MET) has “Buy” rating given on Monday, June 27 by Sandler O’Neill. Citigroup downgraded the stock to “Neutral” rating in Tuesday, January 5 report. The firm has “Strong Buy” rating by Raymond James given on Friday, January 22. On Tuesday, January 19 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Metlife Inc (NYSE:MET) earned “Neutral” rating by Credit Suisse on Friday, October 7. The stock of Metlife Inc (NYSE:MET) has “Outperform” rating given on Thursday, January 14 by Macquarie Research. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 11. On Friday, September 23 the stock rating was reinitiated by Wells Fargo with “Outperform”. The rating was maintained by Deutsche Bank on Friday, July 31 with “Buy”. The firm earned “Hold” rating on Wednesday, July 13 by Deutsche Bank.

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 $1.49 billion 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 worsened, 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.

Hills Natl Bank And Tru has 0.2% invested in the company for 13,923 shares. The Massachusetts-based Clough L P has invested 0.53% in Metlife Inc (NYSE:MET). Moneta Grp Incorporated Advsrs Limited Liability Com last reported 0.2% of its portfolio in the stock. Systematic Finance Management Lp has 477,270 shares for 0.26% of their US portfolio. Shell Asset Management accumulated 148,362 shares or 0.14% of the stock. Comm Financial Bank accumulated 28,088 shares or 0.02% of the stock. Eagle Glob Limited Liability Company accumulated 0.01% or 12,189 shares. Mizuho Trust Banking Company Ltd holds 0.2% of its portfolio in Metlife Inc (NYSE:MET) for 1.65M shares. Arizona State Retirement Systems reported 269,482 shares or 0.15% of all its holdings. Cim Inv Mangement accumulated 21,511 shares or 0.36% of the stock. Wesbanco Bankshares last reported 0.02% of its portfolio in the stock. Godshalk Welsh Cap Mgmt Inc holds 0.94% of its portfolio in Metlife Inc (NYSE:MET) for 22,300 shares. Pggm Invests has 634,775 shares for 0.13% of their US portfolio. The North Carolina-based First Citizens Bancorp has invested 0.04% in Metlife Inc (NYSE:MET). First Personal Financial owns 775 shares or 0.01% 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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