MetLife, Inc. (NYSE:MET) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also recently issued reports on MET. BidaskClub upgraded shares of MetLife from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Wells Fargo & Company reiterated a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the stock a “sell” rating in a research report on Friday, July 7th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price objective on shares of MetLife in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $57.45.

Shares of MetLife (MET) traded up 0.11% during mid-day trading on Wednesday, reaching $52.58. 3,601,050 shares of the company’s stock traded hands. MetLife has a 12 month low of $40.30 and a 12 month high of $53.01. The firm has a 50 day moving average price of $48.97 and a 200-day moving average price of $47.62. The stock has a market cap of $55.89 billion, a PE ratio of 618.59 and a beta of 1.47.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS. On average, analysts predict that MetLife will post $4.73 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of MET. Farmers National Bank bought a new stake in shares of MetLife in the 2nd quarter valued at $118,000. First Personal Financial Services boosted its stake in shares of MetLife by 11.5% in the 1st quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 266 shares during the last quarter. Westside Investment Management Inc. boosted its stake in shares of MetLife by 583.8% in the 1st quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock valued at $140,000 after purchasing an additional 2,300 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of MetLife by 50.7% in the 1st quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 924 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in shares of MetLife in the 1st quarter valued at $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.

Analyst Recommendations for MetLife (NYSE:MET)

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