MetLife Inc. Reaches New 12-Month High at $54.49 (MET)
MetLife (NYSE:MET)’s share price reached a new 52-week high during trading hours on Wednesday, Stock Ratings News reports. The company traded as high as $54.49 and last traded at $54.04, with a volume of 3,688,339 shares traded. The stock had previously closed at $53.37.
A number of analysts have recently weighed in on MET shares. Analysts at Zacks reiterated a “neutral” rating on shares of MetLife in a research note to investors on Wednesday. They now have a $56.00 price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of MetLife from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. Finally, analysts at Barclays raised their price target on shares of MetLife from $58.00 to $62.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $54.71.
MetLife (NYSE:MET) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.34. The company had revenue of $16.90 billion for the quarter, compared to the consensus estimate of $17.23 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, March 13th. Stockholders of record on Thursday, February 6th will be given a dividend of 0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, February 4th.
MetLife, Inc (NYSE:MET), is a provider of insurance, annuities and employee benefit programs.
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