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

Metlife Inc (NYSE:MET) has risen 13.92% since October 11, 2016 and is uptrending. MET's profit would be $1.11 billion giving it 12.69 P/E if the $1.04 EPS is correct. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $0.86 per share for the quarter, down from their prior estimate of $1.05. The total number of shares traded in the last 90-day period is 10,465. Encana Corp (USA) (NYSE:ECA) has risen 50.13% since October 11, 2016 and is uptrending. It has underperformed by 2.78% the S&P500.

Cullen/Frost Bankers, Inc.is a financial holding firm and a bank holding company. The Company, through its subsidiaries, provides a range of services and products throughout Texas markets.

On Oct. 11, 2017 MET saw a significant decline, closing the day at $53.14, or a decline of $0.29 or (0.55%). The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. 81 funds opened positions while 307 raised stakes. Atria Investments LLC now owns 18,986 shares of the financial services provider's stock valued at $1,043,000 after purchasing an additional 72 shares during the last quarter.

Palladium Partners Llc decreased its stake in Metlife Inc Com (MET) by 37.05% based on its latest 2017Q2 regulatory filing with the SEC. Jfs Wealth Limited Com stated it has 252 shares. Caisse De Depot Et Placement Du Quebec has invested 0.18% in Metlife Inc (NYSE:MET).

Regentatlantic Capital Llc increased Hewlett Packard Enterprise C stake by 34,813 shares to 425,271 valued at $7.06M in 2017Q2. Bnp Paribas Asset Mgmt Hldgs owns 264,504 shares for 0.13% of their portfolio. Moreover, Grace White has 0.06% invested in Metlife Inc (NYSE:MET). Opus Inv owns 10 shares or 0% of their U.S. portfolio. City Holdings holds 0.02% in Metlife Inc (NYSE:MET) or 1,077 shares. Finally, First Mercantile Trust Co. bought a new stake in shares of Metlife during the first quarter valued at about $149,000. Aspen Investment Management Inc boosted its stake in MetLife by 0.7% during the second quarter. Univest Of Pennsylvania reported 9,584 shares or 0.22% of all its holdings. Breton Hill Ltd invested 0.13% in Metlife Inc (NYSE:MET). Hsbc Hldg Public Ltd Company has 0.02% invested in Alleghany Corporation (NYSE:Y) for 16,791 shares.

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Among 15 analysts covering MetLife (NYSE:MET), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 75% are positive. Royal Bank Of Canada restated a "buy" rating and issued a $62.00 target price on shares of MetLife in a research report on Wednesday, July 12th. The firm earned "Hold" rating on Tuesday, December 1 by Jefferies. The firm has "Outperform" rating by RBC Capital Markets given on Tuesday, January 19. The stock has "Overweight" rating by JP Morgan on Wednesday, February 15. Keefe, Bruyette & Woods restated a "buy" rating and issued a $59.00 target price on shares of MetLife in a research report on Thursday, August 3rd. The stock has "Buy" rating by RBC Capital Markets on Monday, June 5. The legal version of this article can be viewed at https://www.truebluetribune.com/2017/10/11/metlife-inc-met-stock-rating-upgraded-by-zacks-investment-research.html. The company was maintained on Tuesday, September 5 by RBC Capital Markets. On the opposite side of that transaction from Geode Capital Management, Llc stood Vanguard Group Inc which added 333 shares to its existing stake, bringing total stake held in MET to 18790 shares. First Fiduciary Investment Counsel Inc who had been investing in Metlife for a number of months, seems to be bullish on the $56.15 billion market cap company. It has a 544.48 P/E ratio. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses. Gulf Bank (Uk) Limited reported 290,267 shares. Dumont & Blake Invest Advsr Llc owns 43,539 shares for 1.06% of their portfolio. About 3.30M shares traded. Guardian Advisors Limited Partnership invested in 0.03% or 4,070 shares. MetLife had a return on equity of 8.51% and a net margin of 0.30%. MetLife has a 12 month low of $40.30 and a 12 month high of $53.30.

Several other brokerages have also recently weighed in on MET. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the stock a "sell" rating in a research note on Friday, July 7th. Raymond James initiated Cullen Frost Bankers, Inc. The firm has "Buy" rating by Argus Research given on Wednesday, August 9. As per Monday, June 27, the company rating was upgraded by Sandler O'Neill. The stock has "Neutral" rating by Credit Suisse on Friday, October 7.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $2.00 million activity. It has outperformed by 14.03% the S&P500.

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