July 18, 2018

FBR & Co Comments on MetLife, Inc.'s Q3 2017 Earnings (MET)

12 October 2017, 07:33 | Glen Norman

There were 76 sold out positions, amounting to 9.73 million shares. (Y)'s stock declined 10.28%. Sentry Investment Management LLC now owns 82,321 shares of the financial services provider's stock valued at $4,523,000 after buying an additional 690 shares during the last quarter. The stock appeared $122.79 above its 52-week highs and is down -2.12% for the last five trades. Following the acquisition, the director now owns 59,443 shares in the company, valued at $3,039,320.59. Its share price has risen 6.45% in three months and is up 0.63% for the last five trades. It has underperformed by 8.76% the S&P500. ValuEngine upgraded shares of MetLife from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, June 27th. Therefore 53% are positive. MetLife has a 12 month low of $40.53 and a 12 month high of $53.30. The stock has an average rating of "Buy" and a consensus target price of $55.94. MetLife had 39 analyst reports since July 31, 2015 according to SRatingsIntel. (NYSE:MET) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning. RBC Capital Markets has "Buy" rating and $6200 target. Royal Bank Of Canada reissued a "buy" rating and set a $62.00 price target on shares of MetLife in a research report on Wednesday, July 12th. As per Monday, June 12, the company rating was maintained by GMP Securities. The stock of Metlife Inc (NYSE:MET) has "Hold" rating given on Friday, December 9 by Standpoint Research. Wells Fargo maintained Metlife Inc (NYSE:MET) on Monday, July 10 with "Buy" rating.

October 5 investment analysts at Morgan Stanley left the stock rating at "Equal-Weight" but lowered the price expectation to $55.00 from $56.00. The firm has "Overweight" rating by Barclays Capital given on Friday, August 11. The company was downgraded on Tuesday, January 26 by UBS.

MetLife (NYSE:MET) opened at 53.14 on Wednesday. It has underperformed by 16.70% the S&P500.

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Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.06, from 1 in 2017Q1. It fall, as 65 investors sold Metlife Inc shares while 349 reduced holdings. Vanguard Group Inc. raised its stake in shares of MetLife by 3.0% in the 1st quarter.

There are 1,096 institutional holders with active positions, accounting for 795.72 million shares in total. The original version of this report can be viewed at 42,407 are held by Trustmark Commercial Bank Department.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 2nd. Jacobs Levy Equity Mngmt reported 0.11% of its portfolio in Metlife Inc (NYSE:MET). California-based Checchi Capital Advisers Limited Liability Company has invested 0.04% in Metlife Inc (NYSE:MET). Cumberland Prns Ltd reported 290,100 shares or 2.25% of all its holdings. Skba Mngmt has invested 3.04% in Metlife Inc (NYSE:MET). Bb&T Lc reported 0.15% stake. Whittier Trust Of Nevada Inc invested in 25,264 shares or 0.13% of the stock. 151,319 are owned by Mai. Analysts have placed a $54.82 price target on MetLife, Inc., suggesting a 3.16% gain from recent close. Carl Domino reported 19,970 shares. Regentatlantic Capital Llc sold 14,859 shares as Metlife Inc (MET)'s stock declined 4.70%. Following the acquisition, the director now directly owns 41,951 shares in the company, valued at approximately $2,272,485.67.

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The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 69.96 million shares, VANGUARD GROUP INC with 66.72 million shares, STATE STREET CORP with 47.46 million shares, WELLINGTON MANAGEMENT GROUP LLP with 43.75 million shares, and DODGE & COX with 40.64 million shares.

Analysts await Metlife Inc (NYSE:MET) to report earnings on November, 1. On average, analysts forecast that Metlife Inc will post $5.38 earnings per share for the current fiscal year. MET's profit will be $1.10B for 12.68 P/E if the $1.04 EPS becomes a reality. It also reduced its holding in Willis Towers Watson Plc by 918,223 shares in the quarter, leaving it with 1.09M shares, and cut its stake in Aetna Inc.

MetLife, Inc. (MetLife), launched on August 10, 1999, is a provider of life insurance, annuities, employee benefits and asset management.

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