BUZZ-Street View: MetLife's sales trends remain fairly strong

Reuters
Feb 05
BUZZ-Street View: MetLife's sales trends remain fairly strong

** MetLife MET.N reported a rise in fourth-quarter adjusted profit on Wednesday, helped by a stronger return on its investment portfolio

** Median PT of 17 brokerages covering the stock is $95 - LSEG-compiled data

ALL SIGNS POINT TO STRONG QUARTER

** J.P. Morgan ("overweight," PT: $93) expects MET's results to benefit from healthy variable investment income, higher interest rates, and stabilization in commercial real estate

** Morgan Stanley("overweight," PT: $101) says given MET's current trajectory, it has substantial upside potential and the insurer's ability to maintain its earnings momentum will be key in the future

** Evercore ISI ("in line," PT: $97) sees a solid quarter for MET, with sales trends remaining fairly strong overall; while this is not yet translating into earnings upside, the lack of a guidance cut should be reassuring, even though the guidance is technically below consensus

** Morningstar (fair value: $75) says MET has made progress toward its medium‑term targets, but views its double‑digit EPS growth and 15% to 17% adjusted ROE goals as ambitious based on normalized earnings

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10