MetLife, Inc. (NYSE:MET) Receives $88.62 Average Target Price from Brokerages

MetLife, Inc. (NYSE:MET) has been assigned a consensus recommendation of “Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $90.00.

Several research analysts have recently weighed in on MET shares. Barclays boosted their price objective on shares of MetLife from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Monday. Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Jefferies Financial Group lifted their price objective on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their target price on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, StockNews.com upgraded MetLife from a “hold” rating to a “buy” rating in a research note on Wednesday, January 1st.

MetLife Price Performance

Shares of NYSE:MET opened at $82.12 on Friday. The business has a 50-day simple moving average of $82.85 and a two-hundred day simple moving average of $78.81. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $56.86 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.76 and a beta of 1.07. MetLife has a fifty-two week low of $64.61 and a fifty-two week high of $89.05.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 4th will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.65%. MetLife’s payout ratio is 43.95%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. TIAA Trust National Association grew its position in shares of MetLife by 4.0% during the second quarter. TIAA Trust National Association now owns 8,169 shares of the financial services provider’s stock worth $573,000 after purchasing an additional 317 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in MetLife during the 2nd quarter valued at approximately $229,000. Founders Financial Securities LLC raised its position in shares of MetLife by 5.0% during the second quarter. Founders Financial Securities LLC now owns 13,727 shares of the financial services provider’s stock valued at $963,000 after buying an additional 649 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of MetLife by 72.6% in the second quarter. Larson Financial Group LLC now owns 568 shares of the financial services provider’s stock worth $40,000 after buying an additional 239 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in shares of MetLife by 44.1% during the second quarter. Deseret Mutual Benefit Administrators now owns 4,952 shares of the financial services provider’s stock worth $348,000 after acquiring an additional 1,515 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.

MetLife Company Profile

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.