MetLife, Inc. (NYSE:MET) Receives Consensus Recommendation of “Moderate Buy” from Analysts

MetLife, Inc. (NYSE:METGet Free Report) has earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $77.23.

A number of research firms recently commented on MET. Keefe, Bruyette & Woods reduced their target price on MetLife from $79.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, December 7th. UBS Group reduced their target price on MetLife from $87.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Wells Fargo & Company reduced their target price on MetLife from $85.00 to $83.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 6th. Finally, The Goldman Sachs Group raised MetLife from a “neutral” rating to a “buy” rating and raised their price objective for the company from $70.00 to $80.00 in a research note on Monday, January 8th.

Read Our Latest Analysis on MET

MetLife Trading Down 0.6 %

Shares of MET stock opened at $73.23 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.16 and a current ratio of 0.16. MetLife has a 52-week low of $48.95 and a 52-week high of $74.39. The company has a market capitalization of $52.95 billion, a PE ratio of 40.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.04. The business’s fifty day moving average is $70.19 and its 200 day moving average is $66.09.

MetLife (NYSE:METGet Free Report) last released its earnings results on Wednesday, January 31st. The financial services provider reported $1.93 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.02). The firm had revenue of $18.72 billion during the quarter, compared to the consensus estimate of $18.07 billion. MetLife had a net margin of 2.36% and a return on equity of 19.48%. On average, equities research analysts anticipate that MetLife will post 8.81 EPS for the current fiscal year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 6th were issued a $0.52 dividend. The ex-dividend date was Monday, February 5th. This represents a $2.08 annualized dividend and a yield of 2.84%. MetLife’s dividend payout ratio (DPR) is presently 113.66%.

Insiders Place Their Bets

In other MetLife news, insider Ramy Tadros sold 4,026 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total value of $289,469.40. Following the completion of the sale, the insider now directly owns 146,981 shares in the company, valued at $10,567,933.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Bill Pappas sold 27,000 shares of MetLife stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $72.27, for a total transaction of $1,951,290.00. Following the completion of the transaction, the executive vice president now directly owns 57,768 shares in the company, valued at $4,174,893.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ramy Tadros sold 4,026 shares of MetLife stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $71.90, for a total transaction of $289,469.40. Following the transaction, the insider now owns 146,981 shares of the company’s stock, valued at $10,567,933.90. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MetLife

Several large investors have recently made changes to their positions in the business. IHT Wealth Management LLC lifted its holdings in shares of MetLife by 4.5% during the fourth quarter. IHT Wealth Management LLC now owns 3,466 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 150 shares during the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of MetLife by 26.4% during the first quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 160 shares in the last quarter. Harbour Investments Inc. increased its position in shares of MetLife by 3.2% during the fourth quarter. Harbour Investments Inc. now owns 5,269 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 162 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of MetLife by 1.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 8,898 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 167 shares in the last quarter. Finally, Eley Financial Management Inc increased its position in shares of MetLife by 1.0% during the third quarter. Eley Financial Management Inc now owns 16,348 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 168 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

MetLife Company Profile

(Get Free Report

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

See Also

Analyst Recommendations for MetLife (NYSE:MET)

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