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MET

MetLife

$47.04

1.05 (2.28%)

11:20
10/06/16
10/06
11:20
10/06/16
11:20

Heavy option volume in MetLife suggests hedge liquidation

Heavy option volume in MetLife suggests hedge liquidation. Customer sold 4K March 42.5 puts for $1.43 and sold 2K March 40p for $1 on the PHLX against a sale of 150K shares at $47.31. 40s appear to close a position opened in Aug near $3 with shares $6 lower while the 42.5s were also opened near $3 over the past 45 days.

  • 03

    Nov

MET MetLife
$47.04

1.05 (2.28%)

07/13/16
DBAB
07/13/16
DOWNGRADE
Target $44
DBAB
Hold
MetLife downgraded to Hold from Buy at Deutsche Bank
Deutsche Bank analyst Yaron Kinar downgraded MetLife to Hold saying balance sheet risk is enhanced ahead of the company's separation and in light of low yields. The analyst does not expect the separation to be executed before year-end, and therefore does expect buybacks before 2017. He sees a lack of near-term catalysts for MetLife and lowered his price target for the shares to $44 from $47.
07/13/16
07/13/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Yelp (YELP) downgraded to Underperform from Market Perform at Wells Fargo with analyst Peter Stabler saying consensus expectations "embed too much optimism" for 2017 and 2018. 2. Starbucks (SBUX) downgraded to Mixed from Positive at OTR Global with the firm citing manager checks that indicate weaker-than-expected food and Frappuccino sales, impact from poor weather, and cannibalization. 3. SQM (SQM) downgraded to Sell from Neutral at Citi analyst Juan Tavarez saying the risk/reward is unfavorable with the stock up 42% year-to-date. 4. Robert Half (RHI) downgraded to Neutral from Buy at BofA/Merrill with the firm citing expectations of weaker fundamentals, FX headwinds, and increased concerns around the timing of the cycle. 5. MetLife (MET) downgraded to Hold from Buy at Deutsche Bank with analyst Yaron Kinar saying balance sheet risk is enhanced ahead of the company's separation and in light of low yields. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/22/16
WELS
09/22/16
INITIATION
WELS
Outperform
MetLife coverage resumed with an Outperform at Wells Fargo
09/23/16
WELS
09/23/16
INITIATION
WELS
Outperform
MetLife coverage resumed at Wells Fargo
As noted earlier, Wells Fargo resumed coverage of MetLife with an Outperform rating. The firm says that , in the wake of the company's decision to separate its retail business, it "should be less impacted by equity market movement and interest rates." As a result, the firm thinks that the stock's multiple should rise, while the company should require less capital, enabling it to buy back its shares. Wells set a $51-$53 price target on the stock.

TODAY'S FREE FLY STORIES

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ROSE

Rosehill Resources

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COP

ConocoPhillips

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  • 01

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HES

Hess Corp.

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  • 05

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OXY

Occidental Petroleum

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  • 14

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JUNO

Juno Therapeutics

$69.25

23.65 (51.86%)

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WP

Worldpay

$77.89

-0.37 (-0.47%)

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FRAC

Keane Group

$18.51

0.63 (3.52%)

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  • 18

    Jan

BOOT

Boot Barn

$18.00

-1.1 (-5.76%)

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  • 18

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PGH

Pengrowth Energy

$0.82

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INTC

Intel

$44.39

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OBE

Obsidian Energy

$1.21

-0.03 (-2.42%)

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TOSBF

Toshiba, also use TOSYY

, TOSYY

Toshiba, also use TOSBF

$16.95

-0.01 (-0.06%)

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BAM

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RDS.A

Royal Dutch Shell

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BP

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AAPL

Apple

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MPVD

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WAC

Walter Investment

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TM

Toyota

$140.72

2.75 (1.99%)

, KBSTY

Kobe Steel

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TM

Toyota

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2.75 (1.99%)

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Kobe Steel

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CBOE

Cboe Global Markets

$131.52

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, BTC

Bitcoin

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$131.52

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BTC

Bitcoin

BITCOIN

Bitcoin

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  • 09

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GWRE

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AAPL

Apple

$179.10

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  • 01

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OBE

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SN

Sanchez Energy

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SN

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