MetLife, Inc. (MET) Stock Rating Upgraded by ValuEngine
MetLife, Inc. (NYSE:MET) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.
MET has been the topic of a number of other reports. TheStreet downgraded MetLife from a “b-” rating to a “c+” rating in a research report on Monday, August 21st. BidaskClub downgraded MetLife from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Wells Fargo & Company restated an “outperform” rating and set a $63.00 price objective (up from $61.00) on shares of MetLife in a research report on Wednesday, July 12th. UBS AG restated a “neutral” rating and set a $49.00 price objective (down from $57.00) on shares of MetLife in a research report on Friday, September 1st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $56.00 price objective on shares of MetLife in a research report on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. MetLife presently has a consensus rating of “Buy” and an average price target of $57.95.
MetLife (MET) opened at 51.86 on Tuesday. The company’s 50-day moving average price is $47.80 and its 200 day moving average price is $47.30. MetLife has a 52-week low of $38.17 and a 52-week high of $52.24. The company has a market capitalization of $55.12 billion, a price-to-earnings ratio of 610.12 and a beta of 1.44.
MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that MetLife will post $4.82 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. Farmers National Bank bought a new position in MetLife in the second quarter worth approximately $118,000. First Personal Financial Services grew its stake in MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 266 shares in the last quarter. Westside Investment Management Inc. grew its stake in MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after purchasing an additional 2,300 shares in the last quarter. Parallel Advisors LLC grew its stake in MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 924 shares in the last quarter. Finally, CI Investments Inc. bought a new position in MetLife in the first quarter worth approximately $158,000. 74.27% of the stock is currently owned by institutional investors.
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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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