MetLife, Inc. (NYSE:MET) – B. Riley issued their Q4 2017 earnings per share (EPS) estimates for MetLife in a report issued on Monday. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $1.09 per share for the quarter. B. Riley currently has a “Neutral” rating on the stock.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. MetLife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The firm had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. MetLife’s quarterly revenue was up 1.7% on a year-over-year basis.

A number of other brokerages have also weighed in on MET. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $60.00 price objective (up previously from $56.00) on shares of MetLife in a report on Friday, November 3rd. Credit Suisse Group reissued a “neutral” rating and issued a $53.00 target price (down previously from $64.00) on shares of MetLife in a report on Monday, August 28th. Morgan Stanley upped their target price on MetLife from $54.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Sandler O’Neill lowered MetLife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Argus reduced their price objective on MetLife from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. MetLife currently has an average rating of “Buy” and a consensus price target of $58.40.

MetLife (MET) opened at $53.00 on Wednesday. MetLife has a twelve month low of $44.26 and a twelve month high of $55.91. The firm has a market capitalization of $55,813.94, a price-to-earnings ratio of 10.20, a P/E/G ratio of 1.33 and a beta of 1.49. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.31.

Hedge funds have recently added to or reduced their stakes in the business. Farmers National Bank bought a new position in shares of MetLife in the 2nd quarter valued at about $118,000. Ffcm LLC lifted its stake in MetLife by 2,020.8% in the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 2,142 shares during the last quarter. Cable Hill Partners LLC lifted its stake in MetLife by 246.6% in the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 1,716 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in MetLife in the 3rd quarter valued at about $151,000. Finally, First Mercantile Trust Co. lifted its stake in MetLife by 3.4% in the 2nd quarter. First Mercantile Trust Co. now owns 2,926 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

In related news, insider Christopher G. Townsend sold 82,731 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $54.60, for a total value of $4,517,112.60. Following the completion of the sale, the insider now owns 49,660 shares in the company, valued at approximately $2,711,436. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Christopher G. Townsend sold 55,712 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the transaction, the insider now owns 25,181 shares of the company’s stock, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Monday, November 6th will be paid a $0.40 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.60 annualized dividend and a dividend yield of 3.02%. MetLife’s dividend payout ratio is currently -320.00%.

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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.

Earnings History and Estimates for MetLife (NYSE:MET)

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