Jefferies analyst Suneet Kamath maintains $MetLife (MET.US)$ with a buy rating, and adjusts the target price from $81 to $95.
According to TipRanks data, the analyst has a success rate of 71.0% and a total average return of 9.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MetLife (MET.US)$'s main analysts recently are as follows:
MetLife is anticipated to unveil its upcoming five-year strategic plan, dubbed 'New Frontier', on December 12. Observations based on recent commentary and financial outcomes indicate that the company may establish a new benchmark for a sustainable 16-18% return on equity (ROE), considered quite remarkable in the US Life sector since the Global Financial Crisis (GFC). This level of sustainable ROE, along with the decreasing concerns related to variable investment income (VII) and commercial real estate (CRE), is expected to garner investor interest and contribute to potential appreciation in the company's share value.
Many investors have perceived MetLife as a non-dynamic stock for a considerable portion of the year, with concerns stemming from spread compression in Retirement Income Solutions, persistently subpar alternative investment returns, a disproportionately large commercial mortgage loan portfolio in the office sector, and intensifying rivalry in its fundamental group benefits segment. However, upon reviewing these factors over the next 6-12 months and comparing MetLife with major peers in the industry, there appears to be a compelling argument for MetLife's potential relative valuation improvement.
Note:
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