Metlife Inc (NYSE:MET) – Investment analysts at Langen Mcalenn upped their Q3 2018 EPS estimates for Metlife in a research report issued on Friday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $1.28 per share for the quarter, up from their prior estimate of $1.26. Langen Mcalenn also issued estimates for Metlife’s Q4 2018 earnings at $1.34 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $1.29 EPS, Q3 2019 earnings at $1.38 EPS, Q4 2019 earnings at $1.45 EPS and FY2019 earnings at $5.45 EPS.
Metlife (NYSE:MET) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.41). Metlife had a return on equity of 8.62% and a net margin of 5.69%. The company had revenue of $15.79 billion for the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter last year, the business earned $1.28 earnings per share.
Other equities research analysts also recently issued reports about the company. Argus lifted their target price on Metlife from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 6th. ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, November 9th. Wells Fargo & Co set a $62.00 target price on Metlife and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.77.
Shares of Metlife (MET) traded up $0.46 on Monday, hitting $47.35. The stock had a trading volume of 547,898 shares, compared to its average volume of 8,046,118. The company has a market capitalization of $48,645.52, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.29. Metlife has a 52 week low of $43.38 and a 52 week high of $55.91.
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Metlife by 1.5% in the fourth quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock valued at $3,700,792,000 after buying an additional 1,097,982 shares during the period. Geode Capital Management LLC raised its holdings in Metlife by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 10,504,468 shares of the financial services provider’s stock valued at $529,964,000 after acquiring an additional 174,242 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock valued at $534,623,000 after acquiring an additional 6,954,917 shares during the last quarter. American Century Companies Inc. raised its holdings in Metlife by 10.3% in the 4th quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock valued at $335,010,000 after acquiring an additional 619,487 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in Metlife by 20.5% in the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after acquiring an additional 1,067,700 shares during the last quarter. 76.25% of the stock is owned by hedge funds and other institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. Metlife’s dividend payout ratio (DPR) is presently 46.92%.
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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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