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Shares of Metlife (NYSE:MET) have received an average recommendation of “Buy” from the eighteen brokerages that are presently covering the company, Stock Ratings News reports. Three investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $61.71.

A number of analysts have recently weighed in on MET shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Metlife in a research note on Tuesday, August 5th. They now have a $65.00 price target on the stock, down previously from $67.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Metlife from $65.00 to $64.00 in a research note on Monday, August 4th. Finally, analysts at RBC Capital raised their price target on shares of Metlife from $57.00 to $59.00 in a research note on Thursday, July 31st. They now have a “sector perform” rating on the stock.

Shares of Metlife (NYSE:MET) opened at 52.48 on Thursday. Metlife has a 52 week low of $45.52 and a 52 week high of $57.57. The stock’s 50-day moving average is $54.40 and its 200-day moving average is $52.48. The company has a market cap of $59.026 billion and a P/E ratio of 13.46. Metlife also was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 18,864,856 shares, a decline of 12.6% from the July 15th total of 21,587,224 shares. Based on an average daily volume of 5,483,476 shares, the short-interest ratio is currently 3.4 days. Currently, 2.0% of the shares of the company are short sold.

Metlife (NYSE:MET) last announced its earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.41 by $0.02. The company had revenue of $17.80 billion for the quarter, compared to the consensus estimate of $17.54 billion. During the same quarter last year, the company posted $1.44 earnings per share. Metlife’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Metlife will post $5.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders of record on Friday, August 8th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, August 6th.

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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