MetLife Inc. (NYSE:MET) has been assigned a $51.00 price target by research analysts at Bank of America Corp. in a research note issued to investors on Thursday. The firm currently has a a “buy” rating on the stock. Bank of America Corp.’s price objective would indicate a potential upside of 8.01% from the stock’s current price.

Several other research analysts have also issued reports on MET. Argus set a $54.00 target price on shares of MetLife and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of MetLife from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Credit Suisse Group AG began coverage on shares of MetLife in a research note on Friday. They issued a “neutral” rating and a $51.00 target price on the stock. Citigroup Inc. reduced their target price on shares of MetLife from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Finally, Deutsche Bank AG reduced their target price on shares of MetLife from $47.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, July 7th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. MetLife presently has a consensus rating of “Buy” and an average target price of $51.95.

Analyst Recommendations for MetLife (NYSE:MET)

MetLife (NYSE:MET) opened at 47.22 on Thursday. The firm has a 50-day moving average of $43.58 and a 200 day moving average of $43.10. MetLife has a 1-year low of $35.00 and a 1-year high of $52.45. The firm has a market cap of $51.89 billion, a price-to-earnings ratio of 12.41 and a beta of 1.84.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.52. The business earned $17 billion during the quarter, compared to the consensus estimate of $17.35 billion. MetLife had a net margin of 6.49% and a return on equity of 6.18%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.56 EPS. Analysts expect that MetLife will post $4.64 earnings per share for the current fiscal year.

In related news, EVP Maria R. Morris sold 8,800 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $45.00, for a total transaction of $396,000.00. Following the transaction, the executive vice president now directly owns 116,409 shares in the company, valued at $5,238,405. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria R. Morris sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $42.96, for a total transaction of $85,920.00. Following the transaction, the executive vice president now owns 109,273 shares in the company, valued at $4,694,368.08. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company’s stock.

Institutional investors have recently modified their holdings of the company. ClariVest Asset Management LLC boosted its position in MetLife by 0.3% in the second quarter. ClariVest Asset Management LLC now owns 2,806 shares of the company’s stock worth $112,000 after buying an additional 8 shares during the period. Manchester Capital Management LLC boosted its position in MetLife by 0.3% in the second quarter. Manchester Capital Management LLC now owns 2,891 shares of the company’s stock worth $115,000 after buying an additional 9 shares during the period. Private Bank & Trust Co. boosted its position in MetLife by 0.5% in the second quarter. Private Bank & Trust Co. now owns 7,515 shares of the company’s stock worth $300,000 after buying an additional 40 shares during the period. Keeley Asset Management Corp boosted its position in MetLife by 0.8% in the second quarter. Keeley Asset Management Corp now owns 6,174 shares of the company’s stock worth $246,000 after buying an additional 50 shares during the period. Finally, Atlantic Trust Group LLC boosted its position in MetLife by 0.3% in the second quarter. Atlantic Trust Group LLC now owns 22,262 shares of the company’s stock worth $887,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 74.80% of the company’s stock.

About MetLife

MetLife, Inc (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA).

5 Day Chart for NYSE:MET

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