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MET

MetLife

$53.56

-0.29 (-0.54%)

12:31
01/23/18
01/23
12:31
01/23/18
12:31

MetLife issues statement on court decision to dismiss appeal in SIFI litigation

MetLife chairman, president and CEO Steven Kandarian issued the following statement on the decision by the U.S. Court of Appeals for the District of Columbia Circuit to dismiss FSOC's appeal of the district court decision rescinding MetLife's decision as a non-bank systemically important financial institution: "This is the right outcome not only for MetLife's customers, employees and shareholders, but for the broader financial system as well. MetLife has always supported prudent regulation of the insurance industry and is effectively regulated at the state level, but FSOC's 2014 designation of MetLife had was a textbook case of regulatory overreach. MetLife wants a level playing field where we are neither advantaged nor disadvantaged by regulation. We are not 'too big to fail' and never have been. We do not want the burdens that come with that label and, to the extent it has any benefits, we do not want those either. For nearly 150 years, MetLife has stood on its own two feet without any need for a government backstop. Regulating companies reasonably is critical to fueling robust economic growth and creating jobs. If systemically important activities are taking place anywhere in the insurance industry, primary regulators should focus on those activities directly, as we have advocated since 2009."

  • 14

    Feb

  • 12

    Jun

MET MetLife
$53.56

-0.29 (-0.54%)

11/10/17
SDLR
11/10/17
DOWNGRADE
SDLR
Hold
MetLife downgraded to Hold from Buy at Sandler O'Neill
11/10/17
11/10/17
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. MetLife (MET) downgraded to Hold from Buy at Sandler O'Neill. 2. Johnson Controls (JCI) downgraded to Hold from Buy at Vertical Research with analyst Jeffery Sprague telling investors shares are "stuck in Purgatory." 3. Trovagene (TROV) downgraded to Hold from Buy at Maxim with analyst Jason Kolbert saying Trovagene needs to raise capital in order to gain a stronger position to transition to a therapeutics company focused on PCM-075. 4. Esterline (ESL) was downgraded to Hold from Buy at Drexel Hamilton and to Hold from Buy at SunTrust. 5. Marathon Oil (MRO) downgraded to Neutral from Buy at Citi with analyst Robert Morris citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/18
DBAB
01/02/18
INITIATION
Target $55
DBAB
Hold
MetLife initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Joshua Shanker started MetLife with a Hold rating and $55 price target. The analyst sees limited share upside until the company can generate a consistency of earnings growth.
01/19/18
SBSH
01/19/18
NO CHANGE
Target $63
SBSH
Buy
Citi removes Voya Financial, adds Prudential to Focus List
Citi analyst Suneet Kamath removed Voya Financial (VOYA) from his firm's Focus List saying the sale of its Annuity operation, a significant positive catalyst, is largely reflected in the valuation. The analyst keeps a Buy rating on the shares with a $63 price target. Kamath added Prudential (PRU) to the Focus List and keeps a Buy rating on the shares with a $130 price target. He believes the company could replace MetLife (MET) as the "default, large-cap life insurer in the space for investors to own." The analyst keeps a Sell rating on MetLife with a $48 price target.

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