Shares of MetLife (NYSE:MET) have received an average rating of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $57.23.
Several equities research analysts have weighed in on MET shares. Morgan Stanley lowered their target price on shares of MetLife from $59.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 14th. Zacks Investment Research upgraded shares of MetLife from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, January 18th. Goldman Sachs restated a “buy” rating on shares of MetLife in a research note on Wednesday, January 31st. Bank of America started coverage on shares of MetLife in a research note on Monday, March 26th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 7th.
Several large investors have recently bought and sold shares of MET. First Dallas Securities Inc. purchased a new position in shares of MetLife during the fourth quarter worth $111,000. Ffcm LLC raised its holdings in shares of MetLife by 2,020.8% during the third quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares during the last quarter. Sandy Spring Bank raised its holdings in shares of MetLife by 495.2% during the fourth quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares during the last quarter. Wagner Wealth Management LLC purchased a new position in shares of MetLife during the fourth quarter worth $126,000. Finally, Avestar Capital LLC purchased a new position in shares of MetLife during the fourth quarter worth $135,000. Institutional investors and hedge funds own 77.69% of the company’s stock.
MetLife (NYSE:MET) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.41). The business had revenue of $15.79 billion for the quarter, compared to analysts’ expectations of $15.89 billion. MetLife had a net margin of 5.69% and a return on equity of 8.59%. During the same period in the previous year, the business earned $1.28 earnings per share. analysts anticipate that MetLife will post 4.91 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.60 annualized dividend and a dividend yield of 3.55%. MetLife’s payout ratio is currently 35.56%.
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MetLife Company Profile
MetLife, Inc, through its subsidiaries, engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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