FBR Capital Maintains an 'Outperform' on MetLife (MET); 1Q11 in Line; Focus Now on Alico and Capital Management
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Price: $69.95 +1.49%
Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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FBR Capital maintains an 'Outperform' on MetLife (NYSE: MET), raises PT from $52 to $54.
FBR analyst says, "If VA sales and international growth come in as we forecast, we believe MetLife will appear to be a "growthier" story in 2H11. These two segments represent around 12% and 40%, respectively, of estimated earnings for MetLife. With the AIG ownership overhang risk past, attention should be more focused on core business results and capital management. Our analysis shows that MetLife will have $4.3 billion of excess capital through year-end 2012. An increasing growth profile and capital management could lead to 10% to 20% of P/BV multiple expansion, in addition to book value growth...We keep our 2011E EPS unchanged at $5.15, along with our 2012E EPS of $5.65."
For more ratings news on MetLife click here and for the rating history of MetLife click here.
Shares of MetLife closed at $46.15 yesterday.
FBR analyst says, "If VA sales and international growth come in as we forecast, we believe MetLife will appear to be a "growthier" story in 2H11. These two segments represent around 12% and 40%, respectively, of estimated earnings for MetLife. With the AIG ownership overhang risk past, attention should be more focused on core business results and capital management. Our analysis shows that MetLife will have $4.3 billion of excess capital through year-end 2012. An increasing growth profile and capital management could lead to 10% to 20% of P/BV multiple expansion, in addition to book value growth...We keep our 2011E EPS unchanged at $5.15, along with our 2012E EPS of $5.65."
For more ratings news on MetLife click here and for the rating history of MetLife click here.
Shares of MetLife closed at $46.15 yesterday.
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