MetLife, Inc. (MET) Upgraded by TheStreet to “B”
MetLife, Inc. (NYSE:MET) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Wednesday.
Several other equities analysts have also issued reports on MET. BidaskClub raised MetLife from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a report on Saturday, July 1st. Citigroup Inc. set a $51.00 price objective on MetLife and gave the stock a “sell” rating in a report on Friday, July 7th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price objective on shares of MetLife in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. MetLife currently has a consensus rating of “Hold” and an average price target of $57.45.
Shares of MetLife (MET) traded up 0.11% on Wednesday, reaching $52.58. The company had a trading volume of 3,601,050 shares. The firm’s 50 day moving average is $48.97 and its 200 day moving average is $47.62. MetLife has a 12 month low of $40.30 and a 12 month high of $53.01. The firm has a market capitalization of $55.89 billion, a PE ratio of 618.59 and a beta of 1.47.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to analyst estimates of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 earnings per share. On average, equities research analysts expect that MetLife will post $4.73 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in MET. Farmers National Bank acquired a new stake in MetLife in the second quarter valued at about $118,000. First Personal Financial Services lifted its position in MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 266 shares during the period. Westside Investment Management Inc. lifted its position in MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,300 shares during the period. Parallel Advisors LLC lifted its position in MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 924 shares during the period. Finally, CI Investments Inc. acquired a new stake in MetLife in the first quarter valued at about $158,000. Hedge funds and other institutional investors own 74.27% of the company’s stock.
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with MarketBeat.com's FREE daily email newsletter.