Barclays analyst Alex Scott maintains $MetLife (MET.US)$ with a buy rating, and maintains the target price at $96.
According to TipRanks data, the analyst has a success rate of 57.1% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $MetLife (MET.US)$'s main analysts recently are as follows:
The long-term fundamental outlook for the life insurance sector is seen as downbeat, yet the near-term prospects for stocks remain positive. Factors such as a favorable macroeconomic environment, strong balance sheets, and the capacity for share buybacks among insurers, along with current valuations, are anticipated to support further outperformance in life insurance stocks. However, a potential decline in corporate credit is viewed as a significant risk to this optimistic view.
The outlook for the insurance industry as we approach 2025 includes a more positive view on life insurers, credited to improving free cash flow, benefits derived from higher interest rates, substantial excess capital positions, robust group benefits earnings, and the potential for additional reinsurance and merger activities. Although the property and casualty sector maintains long-term quality, current challenges in property coverage underwriting and casualty loss cost trends present risks that could deter more favorable developments. Consequently, selectivity in stock selections is advised.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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