MetLife Inc. (NYSE:MET) has been given a consensus recommendation of “Buy” by the twenty-one ratings firms that are presently covering the stock. Seven analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have given 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 $52.62.
MET has been the topic of a number of research reports. Argus reissued a “buy” rating on shares of MetLife in a report on Monday, June 6th. Wells Fargo & Co. reissued an “outperform” rating on shares of MetLife in a report on Friday. Zacks Investment Research cut MetLife from a “hold” rating to a “sell” rating in a report on Monday, June 13th. FBR & Co raised their price objective on MetLife from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, August 29th. Finally, TheStreet cut MetLife from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th.
In other MetLife news, EVP Maria R. Morris sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $42.96, for a total value of $85,920.00. Following the sale, the executive vice president now directly owns 109,273 shares of the company’s stock, valued at $4,694,368.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its stake in MetLife by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 2,806 shares of the company’s stock valued at $112,000 after buying an additional 8 shares during the period. Manchester Capital Management LLC increased its stake in MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock valued at $115,000 after buying an additional 9 shares during the period. Private Bank & Trust Co. increased its stake in MetLife by 0.5% in the second quarter. Private Bank & Trust Co. now owns 7,515 shares of the company’s stock valued at $300,000 after buying an additional 40 shares during the period. Keeley Asset Management Corp increased its stake in MetLife by 0.8% in the second quarter. Keeley Asset Management Corp now owns 6,174 shares of the company’s stock valued at $246,000 after buying an additional 50 shares during the period. Finally, Atlantic Trust Group LLC increased its stake in MetLife by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 22,262 shares of the company’s stock valued at $887,000 after buying an additional 67 shares during the period. 74.80% of the stock is currently owned by institutional investors and hedge funds.
MetLife (NYSE:MET) traded up 0.541% during trading on Tuesday, hitting $43.635. The company’s stock had a trading volume of 3,100,341 shares. The firm has a market cap of $47.95 billion, a P/E ratio of 11.468 and a beta of 1.87. The firm has a 50 day moving average of $42.41 and a 200 day moving average of $43.02. MetLife has a 12 month low of $35.00 and a 12 month high of $52.45.
MetLife (NYSE:MET) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.35 by $0.52. The business had revenue of $17 billion for the quarter, compared to the consensus estimate of $17.35 billion. MetLife had a net margin of 6.49% and a return on equity of 6.18%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 EPS. Equities research analysts predict that MetLife will post $4.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Monday, August 8th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend was Thursday, August 4th. MetLife’s dividend payout ratio (DPR) is 42.11%.
MetLife Company Profile
MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).
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