MetLife, Inc. (NYSE:MET) Receives Consensus Recommendation of “Hold” from Brokerages
MetLife, Inc. (NYSE:MET) has been assigned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $58.86.
MET has been the topic of several research reports. TheStreet lowered MetLife from a “b-” rating to a “c” rating in a research report on Tuesday, May 16th. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. set a $51.00 target price on MetLife and gave the stock a “sell” rating in a research report on Friday, July 7th. BidaskClub raised MetLife from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Thursday, May 4th.
Several hedge funds have recently made changes to their positions in MET. Graybill Bartz & Assoc Ltd. increased its stake in shares of MetLife by 1.6% in the first quarter. Graybill Bartz & Assoc Ltd. now owns 56,154 shares of the financial services provider’s stock valued at $2,966,000 after buying an additional 898 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of MetLife by 40.8% in the first quarter. Tompkins Financial Corp now owns 7,789 shares of the financial services provider’s stock valued at $342,000 after buying an additional 2,258 shares in the last quarter. Baldwin Brothers Inc. MA increased its stake in shares of MetLife by 42,751.8% in the first quarter. Baldwin Brothers Inc. MA now owns 107,558 shares of the financial services provider’s stock valued at $5,681,000 after buying an additional 107,307 shares in the last quarter. Atria Investments LLC increased its stake in shares of MetLife by 2.6% in the first quarter. Atria Investments LLC now owns 18,914 shares of the financial services provider’s stock valued at $999,000 after buying an additional 488 shares in the last quarter. Finally, BKD Wealth Advisors LLC acquired a new stake in shares of MetLife during the first quarter valued at $210,000. Institutional investors own 74.83% of the company’s stock.
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MetLife (NYSE MET) traded up 0.15% during midday trading on Friday, reaching $46.81. The company’s stock had a trading volume of 6,437,764 shares. MetLife has a 1-year low of $35.64 and a 1-year high of $51.77. The company has a 50 day moving average price of $48.80 and a 200 day moving average price of $47.31. The firm has a market cap of $49.75 billion, a price-to-earnings ratio of 550.71 and a beta of 1.46.
MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. On average, equities research analysts expect that MetLife will post $4.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.42%. MetLife’s dividend payout ratio is presently 1,777.98%.
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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