MetLife, Inc. (NYSE:MET) Receives $84.54 Average Target Price from Analysts

MetLife, Inc. (NYSE:METGet Free Report) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and twelve have issued a 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 $85.23.

A number of analysts have recently weighed in on the stock. Jefferies Financial Group raised their price target on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, September 27th. Bank of America decreased their price objective on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Morgan Stanley reduced their target price on MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Citigroup raised their price target on MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of MetLife from $81.00 to $86.00 and gave the company an “overweight” rating in a report on Tuesday, July 2nd.

Read Our Latest Research Report on MetLife

Hedge Funds Weigh In On MetLife

A number of large investors have recently bought and sold shares of MET. CHURCHILL MANAGEMENT Corp acquired a new position in shares of MetLife during the 1st quarter worth approximately $7,012,000. National Bank of Canada FI raised its position in MetLife by 54.9% during the first quarter. National Bank of Canada FI now owns 371,062 shares of the financial services provider’s stock worth $26,983,000 after acquiring an additional 131,538 shares during the period. Stifel Financial Corp lifted its holdings in MetLife by 1.8% during the fourth quarter. Stifel Financial Corp now owns 2,005,738 shares of the financial services provider’s stock valued at $132,641,000 after purchasing an additional 35,782 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of MetLife in the first quarter valued at about $1,053,000. Finally, International Assets Investment Management LLC increased its stake in shares of MetLife by 2,313.7% during the first quarter. International Assets Investment Management LLC now owns 104,877 shares of the financial services provider’s stock worth $7,772,000 after purchasing an additional 100,532 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

MetLife Price Performance

Shares of MET opened at $81.81 on Wednesday. The stock has a market capitalization of $58.18 billion, a PE ratio of 28.11, a PEG ratio of 0.66 and a beta of 1.04. The company has a 50 day moving average price of $75.54 and a 200-day moving average price of $73.12. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.16 and a current ratio of 0.16. MetLife has a fifty-two week low of $57.91 and a fifty-two week high of $82.99.

MetLife (NYSE:METGet Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.15. The business had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $18.57 billion. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.94 EPS. Equities analysts predict that MetLife will post 8.68 earnings per share for the current fiscal year.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Tuesday, August 6th. MetLife’s payout ratio is currently 74.91%.

MetLife Company Profile

(Get Free Report

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

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Analyst Recommendations for MetLife (NYSE:MET)

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