Metlife Sees Significant Increase in Short Interest (MET)
Shares of Metlife (NYSE:MET) were the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 21,739,235 shares, an increase of 12.2% from the April 15th total of 19,375,617 shares, AnalystRatingsNetwork.com reports. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,628,229 shares, the days-to-cover ratio is currently 3.9 days.
A number of analysts have recently weighed in on MET shares. Analysts at S&P Equity Research reiterated a “sector outperform” rating on shares of Metlife in a research note on Thursday, May 1st. Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of Metlife in a research note on Thursday, May 1st. They set an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Metlife in a research note on Tuesday, April 29th. They now have a $54.00 price target on the stock. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $56.93.
Metlife (NYSE:MET) opened at 50.22 on Thursday. Metlife has a one year low of $41.43 and a one year high of $54.80. The stock’s 50-day moving average is $51.17 and its 200-day moving average is $51.48. The company has a market cap of $56.526 billion and a price-to-earnings ratio of 15.53.
Metlife (NYSE:MET) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.37 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.40 by $0.03. Analysts expect that Metlife will post $5.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, May 7th. This is a positive change from Metlife’s previous quarterly dividend of $0.28.
MetLife, Inc (NYSE:MET) is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.
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