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

Cornelia Mascio
Ottobre 13, 2017

After having $-0.40 EPS previously, Everspin Technologies Inc's analysts see -2.50% EPS growth. Shares saw a steep decrease in trading volume of 63.40% under the normal average daily volume. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider's stock valued at $394,000 after buying an additional 50 shares during the last quarter. It has underperformed by 16.70% the S&P500.

Cullen/Frost Bankers, Inc.is a financial holding firm and a bank holding company. Jvl Advisors Llc who had been investing in Encana Corp for a number of months, seems to be bullish on the $11.20 billion market cap company. The Company, through its subsidiaries, provides a range of services and products throughout Texas markets. The P/E Ratio for MET is 588.78.

Investors sentiment decreased to 0.94 in Q2 2017. The financial services provider reported $1.46 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.27 by $0.19. Of those insider trades, 10,465 shares of MetLife, Inc. were purchased and 0 shares were sold.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. now owns 65,364,620 shares of the financial services provider's stock valued at $3,452,559,000 after purchasing an additional 1,885,246 shares in the last quarter. Catalyst Capital Advsrs Limited Liability Corporation accumulated 4,100 shares. Jfs Wealth Limited Com stated it has 252 shares. State Of Tennessee Treasury Department holds 0.24% or 918,839 shares in its portfolio.

Diamond Hill Capital Management Inc, which manages about $12.19B and $18.54B US Long portfolio, decreased its stake in Live Nation Entertainment Inc (NYSE:LYV) by 126,965 shares to 1.40 million shares, valued at $48.88M in 2017Q2, according to the filing. Balyasny Asset Mgmt Lc invested in 0.14% or 605,557 shares. Buckingham Mngmt has 0.36% invested in Metlife Inc (NYSE:MET). First Personal Financial Services now owns 2,588 shares of the financial services provider's stock valued at $137,000 after buying an additional 266 shares in the last quarter. Minnesota-based Leuthold Ltd Liability has invested 0.49% in Metlife Inc (NYSE:MET). First Personal Fincl Serv reported 2,588 shares. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0.21% invested in Metlife Inc (NYSE:MET) for 393,371 shares. Bb&T Secs Limited Liability Corp reported 184,100 shares or 0.15% of all its holdings. Bailard Inc stated it has 4,114 shares or 0.02% of all its holdings. Therefore 60% are positive.

Investment analysts at FBR & Co dropped their Q3 2017 earnings per share (EPS) estimates for shares of MetLife in a report released on Tuesday. The firm earned "Sell" rating on Thursday, January 26 by Citigroup. The stock has "Outperform" rating by FBR Capital on Monday, August 29. The stock has "Overweight" rating by JP Morgan on Wednesday, February 15. On Wednesday, August 2 the stock rating was maintained by Wells Fargo with "Buy". Four analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The company was upgraded on Friday, January 22 by Raymond James. Finally, Keefe, Bruyette & Woods reissued a "buy" rating and issued a $59.00 price target on shares of MetLife in a report on Thursday, August 3rd. The company was maintained on Tuesday, September 5 by RBC Capital Markets. RBC Capital Markets maintained the shares of MET in report on Monday, June 5 with "Buy" rating. The firm earned "Hold" rating on Wednesday, July 13 by Deutsche Bank.

MetLife, Inc. (MetLife), launched on August 10, 1999, is a provider of life insurance, annuities, employee benefits and asset management. The total amount of shares outstanding is 1.06 billion, giving the company a market capitalization of about 56.32 billion. The Company's divisions include U.S.; Asia; Latin America; Europe, the Middle East and Africa; MetLife Holdings, and Corporate & Other. The Company's USA segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Kempner Capital Management Inc. holds 7.5% of its portfolio in Cullen Frost Bankers, Inc. for 121,413 shares. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider's stock worth $140,000 after purchasing an additional 2,300 shares in the last quarter. Jvl Advisors Llc bought 602,568 shares as the company's stock declined 8.34% while stock markets rallied. MetLife had a net margin of 0.30% and a return on equity of 8.51%. MetLife has a 52 week low of $40.53 and a 52 week high of $53.30. The stock ended last trade at $116.05 a share and the price is up more than 47.35% so far this year. It is down 13.92% since October 11, 2016 and is uptrending. The firm has "Outperform" rating given on Friday, September 23 by Wells Fargo. The firm has "Neutral" rating by FBR Capital given on Tuesday, October 10. The stock has "Hold" rating by Standpoint Research on Friday, December 9. Ally Financial Inc acquired 30,000 shares as Metlife Inc (MET)'s stock declined 4.70%.

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