NEW YORK (TheStreet) -- MetLife (MET) - Get Report stock is advancing by 5.37% to $44.74 in late-morning trading on Wednesday, after the company won a court ruling that defeats the government's decision to treat it as "too big to fail," Bloomberg reports.

A federal judge in Washington rejected the Financial Stability Oversight Council's arguments that MetLife should be classified as a systemically important institution, though the reasons for the ruling are sealed, Bloomberg adds.

The label would have placed the insurance giant under heightened government scrutiny and required it to put additional money in reserves.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.

MetLife's strengths such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: MET

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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