FBR & Co downgraded shares of MetLife, Inc. (NYSE:MET) from a buy rating to a neutral rating in a research report report published on Tuesday morning, MarketBeat reports. They currently have $52.00 target price on the financial services provider’s stock, down from their previous target price 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.

A number of other research firms have also commented on MET. BidaskClub raised shares of MetLife from a sell rating to a hold rating in a research report on Wednesday, August 9th. ValuEngine lowered shares of MetLife from a strong-buy rating to a buy rating in a report on Tuesday. Zacks Investment Research lowered shares of MetLife from a hold rating to a sell rating in a report on Wednesday, August 9th. Wells Fargo & Company reissued a buy rating on shares of MetLife in a report on Saturday, July 1st. Finally, TheStreet raised shares of MetLife from a c+ rating to a b rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $57.38.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. MetLife’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of MetLife by 0.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 38 shares in the last quarter. Forward Management LLC raised its holdings in shares of MetLife by 0.4% during the 2nd quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 41 shares in the last quarter. Peoples Bank OH raised its holdings in shares of MetLife by 0.5% during the 1st quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 50 shares in the last quarter. Aspen Investment Management Inc raised its holdings in shares of MetLife by 0.7% during the 2nd quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 50 shares in the last quarter. Finally, Atria Investments LLC raised its holdings in shares of MetLife by 0.4% during the 2nd quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock worth $1,043,000 after acquiring an additional 72 shares in the last quarter. 74.25% of the stock is currently owned by institutional investors and hedge funds.

About MetLife

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)

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