MetLife, Inc. (MET) Upgraded at BidaskClub
MetLife, Inc. (NYSE:MET) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other equities analysts also recently commented on MET. Zacks Investment Research upgraded shares of MetLife from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, April 11th. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a research note on Tuesday, April 18th. TheStreet downgraded shares of MetLife from a “b-” rating to a “c” rating in a research note on Tuesday, May 16th. FBR & Co upgraded shares of MetLife from a “market perform” rating to an “outperform” rating and upped their price target for the company from $54.00 to $58.00 in a research note on Thursday, May 25th. Finally, ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. MetLife has a consensus rating of “Hold” and a consensus price target of $59.10.
MetLife (MET) traded down 1.21% during trading on Wednesday, hitting $48.18. 533,573 shares of the stock were exchanged. The firm has a 50-day moving average of $54.67 and a 200-day moving average of $53.10. MetLife has a 52 week low of $39.50 and a 52 week high of $58.09. The stock has a market capitalization of $52.38 billion, a price-to-earnings ratio of 541.35 and a beta of 1.46.
MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.02. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. During the same period in the prior year, the company posted $0.83 earnings per share. MetLife’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that MetLife will post $4.93 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of MET. Signature Estate & Investment Advisors LLC bought a new position in MetLife during the first quarter worth approximately $107,000. First Personal Financial Services boosted its position in MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the period. Westside Investment Management Inc. boosted its position in MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the period. Parallel Advisors LLC boosted its position in MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the period. Finally, First Mercantile Trust Co. bought a new position in MetLife during the first quarter worth approximately $149,000. 74.83% of the stock is owned by hedge funds and other institutional investors.
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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