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Enter Symbol:
Rating: MET
Outperform $60

Metlife, Inc. (NYSE: MET) reiterated to Outperform with price target $60 by FBR Capital

Thursday,  Jan 9, 2014  11:25 AM ET by Lynn Gilbert

FBR Capital reiterated Metlife, Inc. (NYSE: MET) to Outperform with price target
$60. Previously, FBR Capital rated Metlife, Inc. (NYSE: MET) to Outperform with price target $55 on 05/07/2013, when the stock price was valued at $40.97.

MetLife, Inc. (MetLife) is a provider of insurance and other financial services with operations throughout the United States, and the regions of Latin America, Europe and Asia Pacific. Through the Company?s domestic and international subsidiaries and affiliates, it offers life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals, as well as group insurance, reinsurance and retirement and savings products and services to corporations, and other institutions. MetLife operates in four business segments: Institutional, Individual, International and Auto & Home, as well as Corporate & Other. In May 2008, MetLife Bank, N.A., a unit of the Company, completed the acquisition of EverBank Reverse Mortgage LLC, from its parent, EverBank Financial Corp. EverBank Reverse Mortgage will be a wholly owned subsidiary of MetLife Bank. In May 2009, the Company sold Cova Corp., which is the parent company of Texas Life Insurance Co.

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.

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