MetLife, Inc. (NYSE:MET) Stock Rating Reaffirmed by Wells Fargo & Company

MetLife, Inc. (NYSE:MET)‘s stock had its “buy” rating reissued by equities researchers at Wells Fargo & Company in a note issued to investors on Monday, August 7th.

MET has been the topic of a number of other reports. Zacks Investment Research raised shares of MetLife from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Tuesday, April 11th. BidaskClub cut shares of MetLife from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. ValuEngine raised shares of MetLife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. FBR & Co raised shares of MetLife from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $54.00 to $58.00 in a research note on Thursday, May 25th. Finally, Citigroup Inc. set a $51.00 target price on shares of MetLife and gave the stock a “sell” rating in a research note on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. MetLife has an average rating of “Buy” and an average price target of $59.17.

MetLife (NYSE MET) traded up 0.15% during midday trading on Monday, hitting $47.02. The stock had a trading volume of 7,662,137 shares. The company has a market cap of $49.98 billion, a price-to-earnings ratio of 553.18 and a beta of 1.46. MetLife has a 1-year low of $35.72 and a 1-year high of $51.77. The company’s 50 day moving average is $48.77 and its 200 day moving average is $47.24.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $17.39 billion for 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 firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. On average, equities analysts anticipate that MetLife will post $4.88 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in MET. Alpha Windward LLC raised its position in MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock valued at $174,000 after buying an additional 29 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in MetLife by 0.7% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock valued at $302,000 after buying an additional 38 shares during the last quarter. Forward Management LLC raised its position in MetLife by 0.4% in the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock valued at $531,000 after buying an additional 41 shares during the last quarter. Peoples Bank OH raised its position in shares of MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after buying an additional 50 shares in the last quarter. Finally, Aspen Investment Management Inc raised its position in shares of MetLife by 0.7% in the second quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock valued at $394,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

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; Brighthouse Financial, 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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