Metlife Target of Unusually High Options Trading (MET)
Metlife (NYSE:MET) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 11,640 call options on the stock, American Banking & Market News reports. This represents an increase of 365% compared to the typical daily volume of 2,503 call options.
Several analysts have recently commented on the stock. 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. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $61.71.
Shares of Metlife (NYSE:MET) traded up 1.10% on Tuesday, hitting $55.34. 6,326,499 shares of the company’s stock traded hands. Metlife has a 52 week low of $45.75 and a 52 week high of $57.57. The stock’s 50-day moving average is $53.88 and its 200-day moving average is $52.87. The company has a market cap of $62.242 billion and a P/E ratio of 13.93.
Metlife (NYSE:MET) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Metlife will post $5.59 earnings per share for the current fiscal year.
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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