MetLife, Inc. (NYSE:MET) Given Average Rating of “Buy” by Analysts
MetLife, Inc. (NYSE:MET) has been given an average rating of “Buy” by the sixteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $56.85.
Several equities analysts have recently issued reports on the stock. Citigroup Inc set a $51.00 target price on shares of MetLife and gave the company a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 target price on shares of MetLife in a report on Wednesday, July 12th. Wells Fargo & Company reiterated an “outperform” rating and set a $63.00 target price (up from $61.00) on shares of MetLife in a report on Wednesday, July 12th. BidaskClub upgraded shares of MetLife from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, J P Morgan Chase & Co lowered their target price on shares of MetLife from $57.00 to $54.00 and set an “overweight” rating for the company in a report on Monday, April 3rd.
A number of large investors have recently bought and sold shares of MET. Alpha Windward LLC increased its stake in MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock worth $174,000 after buying an additional 29 shares during the period. Peoples Bank OH increased its stake in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after buying an additional 50 shares during the period. Atria Investments LLC increased its stake in MetLife by 0.4% in the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 72 shares during the period. LVM Capital Management Ltd. MI increased its stake in MetLife by 1.4% in the second quarter. LVM Capital Management Ltd. MI now owns 5,395 shares of the financial services provider’s stock worth $296,000 after buying an additional 75 shares during the period. Finally, Chemung Canal Trust Co. increased its stake in MetLife by 1.8% in the first quarter. Chemung Canal Trust Co. now owns 4,898 shares of the financial services provider’s stock worth $259,000 after buying an additional 85 shares during the period. 74.51% of the stock is owned by institutional investors and hedge funds.
Shares of MetLife (NYSE:MET) traded down 1.07% during mid-day trading on Tuesday, reaching $54.76. The company’s stock had a trading volume of 3,806,369 shares. MetLife has a 12 month low of $38.87 and a 12 month high of $58.09. The company’s market cap is $58.92 billion. The company has a 50-day moving average of $51.91 and a 200-day moving average of $52.97.
MetLife (NYSE:MET) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.19. MetLife had a negative net margin of 0.95% and a positive return on equity of 7.57%. The firm had revenue of $16.27 billion during the quarter, compared to analyst estimates of $17.02 billion. During the same period last year, the business earned $1.20 earnings per share. The business’s revenue was down 11.7% on a year-over-year basis. Equities research analysts forecast that MetLife will post $5.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.92%. MetLife’s payout ratio is currently -258.06%.
MetLife Company Profile
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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