Metlife CAO Sells $4,974,321 in Stock (MET)
Metlife (NYSE:MET) CAO Peter M. Carlson unloaded 91,625 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $54.29, for a total transaction of $4,974,321.25. Following the completion of the sale, the chief accounting officer now directly owns 15,015 shares of the company’s stock, valued at approximately $815,164. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Metlife (NYSE:MET) traded up 0.26% on Friday, hitting $54.47. The stock had a trading volume of 3,917,187 shares. Metlife has a one year low of $43.35 and a one year high of $55.40. The stock has a 50-day moving average of $51. and a 200-day moving average of $51.75. The company has a market cap of $61.310 billion and a price-to-earnings ratio of 17.03.
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 $5.66 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at S&P Equity Research reiterated a “buy” rating on shares of Metlife in a research note on Wednesday. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Metlife in a research note on Wednesday. They now have a $57.00 price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Metlife in a research note on Wednesday. They now have a $65.00 price target on the stock, up previously from $62.00. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Metlife has a consensus rating of “Buy” and a consensus price target of $57.13.
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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