I'm holding on long term so we will see but when int rates rise normally insurance gets a boost. Still these idiots and the selloffs keep messing with it.
Idiot money-managers who should not have ACCESS to anybody's money is why it went down there................It is much better for the company to low-ball estimates than hype them.
Long Term Care Insurance is GNW's problem, and I think it might be the only company selling that product...............MET actually helped rescue AIG back in 2008.
This type of regulatory question will kill this stock. Take a look at GNW which had the same questions posed just a few months ago. Lost over 50% of value.
Beware of the regulators for they are omnipotent.
Why is it that MET Life needs to borrow so much money when it is a profitable company. Where did all that money go? Although I don't like what the government did, it kind of makes sense.
I agree. Many cos including Prudential and I believe AiG are systematically important and they can cope. They should focus on getting the stock up to $60+ now and returning shareholder value.
send that money to me instead of giving it to Lawyers to defend this designation. The Court will just side with the government because SCOTUS is the third branch of government so it defends UN-constitutional #$%$ that gets passed as constitutional.
has been trading lately like they have $6B there............Russian Ruble has depreciated like 50% against US dollar and interest rates are 17% there-not good.
Merry Christmas.................and don't forget it is about Christ!
.....Why is it called Christmas? Christ!
.....Why do we give presents? Christ the baby was given presents by wise men!
Got a monster pick three days ago from Ultimate Stock Alerts (find them in google).
Bagged $450 in 20 mins and I am buying more!
Same for me. Was hoping for $63-65. There's nothing wrong with the company or sector. Its a market wide panic based on global econ fears and oil. Systematic label is nonsense as Prudential and othershad this and shares were not affected . Hopefully by end of week we see $54+ again. Its a shame too because I could have bought back lower today...
I don't think the systemic risk label would do this since the company had already been labeled that so it must be falling with the market. But, why down 4% with a $1B buyback announcement since they already bought back $1B............Less shares means higher net income so MET stock goes higher once this stuff stops.
I am looking to sell my shares well above $60 next year!
What bad news makes MET drop so hard today? Just getting dumped with the overall market?
The fundamentals looks strong for MET. Should be going to $60 rather than $50.
Any information at the analyst meeting today?
MET is undervalued, compared to industry and MET historical norms. Book value is $62 and growing. MET is profitable, and profits are rising. MET going to $62 soon as the economy is firm and getting better. The drop in the price of oil is a plus for all sectors except energy. Buy!
Sentiment: Strong Buy
Between Sun Life and Manulife, I definitely will go for Manulife for its higher ROE at 14.x, Met is at 8.x, Sun Life is at 8,x with more debt. Manulife has lot of cash and will increase dividend again and is also trading at half price. Now, if what is on the book of Metlife recovers, then arguably the lower price to book is attractive, but I would go for a co. earning ROE 14 now than hope for a company with lower ROE of 8 to earn more. Just my humble opinion.
What about Travellers, it has the highest ROE of 14 with strong balance sheet. It has continuously buying back shares tradeing P/E 10.x for the last 3 years. With the latest earning number, it is growing earning 3.5 billions FCF, a 165 stock trading at 105.
Just did some quick research and Met trades at much better valuations. Met has lower price to earnings, price to sales, price to book value and a lower peg ratio. Also, Met seems to have better free cash flow and stronger inside ownership. Going to look into both a little more cause I'm looking for another good insurance company.