Shares of MetLife, Inc. (NYSE:MET) have earned a consensus recommendation of “Buy” from the nineteen analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $58.86.

A number of brokerages recently weighed in on MET. Langen Mcalenn reaffirmed a “buy” rating on shares of MetLife in a research report on Wednesday. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Monday, August 7th. BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $59.00 price objective on shares of MetLife in a research report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded MetLife from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.

MetLife (NYSE MET) traded down 1.81% during trading on Friday, hitting $47.08. The stock had a trading volume of 5,231,391 shares. The stock’s 50-day moving average is $49.04 and its 200-day moving average is $51.56. MetLife has a 52-week low of $40.07 and a 52-week high of $58.09. The stock has a market capitalization of $50.04 billion, a PE ratio of 553.88 and a beta of 1.46.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.11 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that MetLife will post $4.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Monday, August 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s payout ratio is 1,777.98%.

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Several hedge funds and other institutional investors have recently made changes to their positions in MET. Signature Estate & Investment Advisors LLC purchased a new position in shares of MetLife during the first quarter valued at about $107,000. First Personal Financial Services boosted its position in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after buying an additional 266 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after buying an additional 2,300 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after buying an additional 924 shares during the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of MetLife during the first quarter valued at about $149,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.

MetLife Company Profile

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; Brighthouse Financial, 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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