MetLife, Inc. (MET) Given Consensus Rating of “Buy” by Analysts
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%.
COPYRIGHT VIOLATION WARNING: “MetLife, Inc. (MET) Given Consensus Rating of “Buy” by Analysts” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/08/17/metlife-inc-met-given-consensus-rating-of-buy-by-analysts.html.
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.
Receive News & Stock Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related stocks with our FREE daily email newsletter.