MetLife, Inc. (MET) Lowered to “Neutral” at FBR & Co

FBR & Co cut shares of MetLife, Inc. (NYSE:MET) from a buy rating to a neutral rating in a research note issued to investors on Tuesday morning, MarketBeat reports. FBR & Co currently has $52.00 price objective on the financial services provider’s stock, down from their prior price objective of $53.00. FBR & Co also issued estimates for MetLife’s Q3 2017 earnings at $0.92 EPS, FY2017 earnings at $4.25 EPS, FY2018 earnings at $4.75 EPS and FY2019 earnings at $5.10 EPS.

Several other research firms have also recently weighed in on MET. Royal Bank Of Canada reaffirmed a buy rating and set a $62.00 target price on shares of MetLife in a research note on Wednesday, July 12th. Credit Suisse Group reissued a neutral rating and issued a $53.00 price target (down previously from $64.00) on shares of MetLife in a research note on Monday, August 28th. Morgan Stanley boosted their price target on MetLife from $54.00 to $55.00 and gave the company an equal weight rating in a research note on Thursday, October 5th. Argus lowered their price target on MetLife from $60.00 to $55.00 and set a buy rating for the company in a research note on Wednesday, August 9th. Finally, ValuEngine raised MetLife from a buy rating to a strong-buy rating in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $57.38.

Shares of MetLife (NYSE MET) opened at 52.72 on Tuesday. The company has a 50 day moving average of $49.97 and a 200 day moving average of $47.90. MetLife has a 52-week low of $40.30 and a 52-week high of $53.30. The firm has a market capitalization of $56.03 billion, a PE ratio of 620.24 and a beta of 1.47.

MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The company had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. During the same quarter in the previous year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts anticipate that MetLife will post $4.62 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “MetLife, Inc. (MET) Lowered to “Neutral” at FBR & Co” was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://baseballnewssource.com/markets/metlife-inc-met-lowered-to-neutral-at-fbr-co/1705867.html.

A number of institutional investors have recently made changes to their positions in MET. Waldron LP boosted its position in MetLife by 5.1% during the first quarter. Waldron LP now owns 6,492 shares of the financial services provider’s stock worth $342,000 after purchasing an additional 315 shares during the period. ARGA Investment Management LP lifted its holdings in shares of MetLife by 201.6% during the first quarter. ARGA Investment Management LP now owns 57,600 shares of the financial services provider’s stock worth $3,043,000 after buying an additional 38,500 shares during the last quarter. Holderness Investments Co. lifted its holdings in shares of MetLife by 1.9% during the first quarter. Holderness Investments Co. now owns 5,379 shares of the financial services provider’s stock worth $284,000 after buying an additional 99 shares during the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of MetLife by 11.6% during the first quarter. State of Wisconsin Investment Board now owns 1,113,367 shares of the financial services provider’s stock worth $58,808,000 after buying an additional 115,511 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its holdings in shares of MetLife by 2.0% during the first quarter. Telos Capital Management Inc. now owns 40,173 shares of the financial services provider’s stock worth $2,122,000 after buying an additional 801 shares during the last quarter. 74.25% of the stock is owned by hedge funds and other institutional investors.

MetLife Company Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Analyst Recommendations for MetLife (NYSE:MET)

Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.