Metlife Inc (MET) Expected to Earn Q4 2017 Earnings of $1.10 Per Share
Metlife Inc (NYSE:MET) – Research analysts at Langen Mcalenn decreased their Q4 2017 earnings per share (EPS) estimates for shares of Metlife in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings of $1.10 per share for the quarter, down from their previous estimate of $1.12.
MET has been the topic of several other research reports. Goldman Sachs Group began coverage on Metlife in a report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 target price on the stock. B. Riley reiterated a “neutral” rating on shares of Metlife in a report on Monday, November 6th. Wells Fargo & Co reiterated a “buy” rating on shares of Metlife in a report on Wednesday, October 18th. ValuEngine cut Metlife from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $57.90.
Metlife (NYSE:MET) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.90 by $0.19. The company had revenue of $16.10 billion for the quarter, compared to analysts’ expectations of $15.47 billion. Metlife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is currently 347.83%.
In other Metlife news, insider Christopher G. Townsend sold 82,731 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the transaction, the insider now owns 49,660 shares in the company, valued at $2,711,436. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christopher G. Townsend sold 55,712 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the transaction, 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 currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. National Pension Service raised its position in shares of Metlife by 0.8% during the fourth quarter. National Pension Service now owns 797,519 shares of the financial services provider’s stock worth $40,323,000 after purchasing an additional 6,497 shares during the period. RNC Capital Management LLC raised its position in shares of Metlife by 1.4% during the fourth quarter. RNC Capital Management LLC now owns 798,341 shares of the financial services provider’s stock worth $40,364,000 after purchasing an additional 10,697 shares during the period. Bank of Montreal Can raised its position in shares of Metlife by 7.4% during the fourth quarter. Bank of Montreal Can now owns 1,729,278 shares of the financial services provider’s stock worth $87,434,000 after purchasing an additional 119,158 shares during the period. First United Bank Trust raised its position in shares of Metlife by 4.5% during the fourth quarter. First United Bank Trust now owns 35,223 shares of the financial services provider’s stock worth $1,781,000 after purchasing an additional 1,515 shares during the period. Finally, Atria Investments LLC raised its position in shares of Metlife by 264.0% during the fourth quarter. Atria Investments LLC now owns 77,083 shares of the financial services provider’s stock worth $3,897,000 after purchasing an additional 55,909 shares during the period. Hedge funds and other institutional investors own 76.27% 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.
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