Metlife Inc (MET) Receives Average Recommendation of “Hold” from Analysts
Shares of Metlife Inc (NYSE:MET) have received an average rating of “Hold” from the twenty-two research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $57.75.
MET has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target (up previously from $56.00) on shares of Metlife in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Metlife from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Morgan Stanley raised their price objective on shares of Metlife from $54.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Sandler O’Neill downgraded shares of Metlife from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Deutsche Bank started coverage on shares of Metlife in a research note on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 price objective on the stock.
Metlife (NYSE:MET) opened at $52.36 on Wednesday. Metlife has a twelve month low of $44.26 and a twelve month high of $55.91. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $55,100.00, a P/E ratio of 113.83, a price-to-earnings-growth ratio of 1.20 and a beta of 1.49.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.06%. Metlife’s dividend payout ratio is currently 347.83%.
In other Metlife news, insider Christopher G. Townsend sold 82,731 shares of Metlife stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the sale, the insider now owns 49,660 shares in the company, valued at $2,711,436. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher G. Townsend sold 55,712 shares of Metlife stock in a transaction on Monday, November 6th. The stock was sold at an average price of $54.29, for a total transaction of $3,024,604.48. Following the sale, the insider now owns 25,181 shares in the company, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Metlife during the fourth quarter valued at $1,279,000. Aurora Investment Counsel bought a new position in shares of Metlife during the fourth quarter valued at $2,379,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Metlife by 5.7% during the third quarter. Parametric Portfolio Associates LLC now owns 2,762,193 shares of the financial services provider’s stock valued at $143,496,000 after acquiring an additional 147,992 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Metlife during the third quarter valued at $867,000. Finally, First Fiduciary Investment Counsel Inc. lifted its holdings in shares of Metlife by 1.3% during the third quarter. First Fiduciary Investment Counsel Inc. now owns 306,685 shares of the financial services provider’s stock valued at $15,932,000 after acquiring an additional 3,975 shares during the period. Hedge funds and other institutional investors own 76.24% of the company’s stock.
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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.
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