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.
COPYRIGHT VIOLATION WARNING: This report was originally published by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/metlife-inc-nysemet-rating-reiterated-by-wells-fargo-company-updated.html.
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.
Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with MarketBeat.com's FREE daily email newsletter.