Metlife (NYSE:MET) had its target price decreased by research analysts at Morgan Stanley from $59.00 to $58.00 in a report released on Wednesday. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 28.32% from the company’s current price.
MET has been the topic of a number of other research reports. Goldman Sachs Group started coverage on Metlife in a research report on Wednesday, October 18th. They set a “conviction-buy” rating and a $61.00 price target on the stock. ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded Metlife from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 price objective (up from $56.00) on shares of Metlife in a research note on Friday, November 3rd. Finally, Deutsche Bank started coverage on Metlife in a research note on Tuesday, January 2nd. They set a “hold” rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $57.77.
Shares of Metlife (NYSE:MET) opened at $45.20 on Wednesday. Metlife has a 12-month low of $43.38 and a 12-month high of $55.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $46,953.58, a PE ratio of -90.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31.
Metlife (NYSE:MET) last released its quarterly earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.41). Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. During the same period in the previous year, the company posted $1.28 EPS. equities research analysts forecast that Metlife will post 4.42 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Dallas Securities Inc. bought a new stake in shares of Metlife in the fourth quarter worth about $111,000. Ffcm LLC grew its stake in shares of Metlife by 2,020.8% in 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 grew its stake in shares of Metlife by 495.2% in 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. Cable Hill Partners LLC grew its stake in shares of Metlife by 246.6% in the third quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares during the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Metlife in the third quarter worth about $151,000. 76.55% of the stock is currently owned by institutional investors.
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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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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