Insider trading

Following insiders.

Send me real-time posts from this site at my email
William L. Moore

Legal Uncertainty Weighs On Metlife Shares

Argus analyst Jacob Kilstein believes Metlife Inc  shares face uncertainty following the Treasury Department's move to appeal a federal judge decision to rescind the company's SIFI designation. The analyst feels rescinding the SIFI status would free up capital, and such capital could be used to return to shareholders and enhance operations.

The brokerage believes the stock looks favorably valued compared to rivals, after Metlife shares dropped approximately 10 percent after January. Argus reiterated its Buy rating and price objective of $54 on the company's shares, implying 9.3 times multiple of its EPS estimate of 2017.

The lead analyst believes Metlife merits increased multiple and that it has a steady dividend growth offering about 3.7 percent yield.

Source

Cancel