Metlife (MET) PT Lowered to $58.00 at Morgan Stanley

Metlife (NYSE:MET) had its target price lowered by investment analysts at Morgan Stanley from $59.00 to $58.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 24.20% from the stock’s previous close.

A number of other research analysts have also weighed in on MET. Wells Fargo & Co set a $60.00 price target on shares of Metlife and gave the company a “buy” rating in a research report on Tuesday. ValuEngine lowered shares of Metlife from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Goldman Sachs Group reissued a “buy” rating on shares of Metlife in a research report on Wednesday, January 31st. B. Riley reissued a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. Finally, Argus raised their price target on shares of Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have assigned a buy rating to the company’s stock. Metlife presently has an average rating of “Hold” and a consensus target price of $57.77.

Shares of Metlife (NYSE:MET) traded up $1.50 during midday trading on Wednesday, hitting $46.70. 9,649,303 shares of the stock were exchanged, compared to its average volume of 8,375,181. The firm has a market capitalization of $49,140.00, a PE ratio of 10.76, a P/E/G ratio of 1.00 and a beta of 1.31. Metlife has a 52-week low of $43.38 and a 52-week high of $55.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16.

Metlife (NYSE:MET) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41). The business had revenue of $15.79 billion for the quarter, compared to analyst estimates of $15.89 billion. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. During the same quarter in the prior year, the business earned $1.28 earnings per share. research analysts forecast that Metlife will post 4.42 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Dallas Securities Inc. bought a new stake in Metlife during the 4th quarter valued at $111,000. Ffcm LLC raised its holdings in Metlife by 2,020.8% during the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after buying an additional 2,142 shares during the last quarter. Sandy Spring Bank raised its holdings in Metlife by 495.2% during the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock valued at $120,000 after buying an additional 1,976 shares during the last quarter. Cable Hill Partners LLC raised its holdings in Metlife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after buying an additional 1,716 shares during the last quarter. Finally, Avestar Capital LLC bought a new stake in Metlife during the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 76.55% of the company’s stock.

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About Metlife

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.

Analyst Recommendations for Metlife (NYSE:MET)

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