MetLife, Inc. (NYSE:MET)‘s stock had its “buy” rating reissued by research analysts at Wells Fargo & Company in a report issued on Monday.

Several other brokerages also recently commented on MET. Citigroup Inc. set a $51.00 target price on MetLife and gave the stock a “sell” rating in a research note on Friday, July 7th. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 target price on shares of MetLife in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $59.00 target price on shares of MetLife in a research note on Thursday, August 3rd. TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Finally, BidaskClub downgraded MetLife from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. MetLife has an average rating of “Hold” and an average price target of $59.02.

Shares of MetLife (NYSE:MET) opened at 48.77 on Monday. MetLife has a 12 month low of $39.50 and a 12 month high of $58.09. The company has a market cap of $53.03 billion, a PE ratio of 547.98 and a beta of 1.46. The stock has a 50 day moving average of $54.67 and a 200-day moving average of $53.10.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. During the same quarter last year, the company earned $0.83 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that MetLife will post $4.93 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Atria Investments LLC increased its stake in MetLife by 2.6% in the first quarter. Atria Investments LLC now owns 18,914 shares of the financial services provider’s stock worth $999,000 after buying an additional 488 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in MetLife during the first quarter worth $1,525,000. Tompkins Financial Corp increased its stake in MetLife by 40.8% in the first quarter. Tompkins Financial Corp now owns 7,789 shares of the financial services provider’s stock worth $342,000 after buying an additional 2,258 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in MetLife by 1.3% in the first quarter. Aberdeen Asset Management PLC UK now owns 469,645 shares of the financial services provider’s stock worth $24,807,000 after buying an additional 6,188 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in MetLife by 4.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 393,208 shares of the financial services provider’s stock worth $20,769,000 after buying an additional 15,716 shares during the last quarter. Institutional investors own 74.83% of the company’s stock.

About MetLife

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.

Analyst Recommendations for MetLife (NYSE:MET)

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