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.
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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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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