Keefe, Bruyette & Woods restated their buy rating on shares of Metlife (NYSE:MET) in a report released on Friday morning. The brokerage currently has a $56.00 price objective on the financial services provider’s stock.
A number of other equities research analysts also recently weighed in on MET. Royal Bank of Canada reissued an outperform rating and issued a $60.00 price target (up from $56.00) on shares of Metlife in a report on Friday, November 3rd. Morgan Stanley upped their price target on shares of Metlife from $55.00 to $56.00 and gave the company an equal weight rating in a report on Friday, November 3rd. Argus upped their price target on shares of Metlife from $55.00 to $60.00 and gave the company a buy rating in a report on Monday, November 6th. B. Riley reissued a neutral rating on shares of Metlife in a report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Metlife from a hold rating to a buy rating and set a $60.00 price target for the company in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $57.58.
Metlife (MET) traded up $0.84 during mid-day trading on Friday, reaching $47.47. 4,341,881 shares of the company traded hands, compared to its average volume of 8,910,000. The firm has a market capitalization of $49,950.00, a P/E ratio of 11.69, a P/E/G ratio of 0.95 and a beta of 1.31. Metlife has a 1-year low of $43.38 and a 1-year high of $55.91. 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 (NYSE:MET) last issued 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 net margin of 5.69% and a return on equity of 8.62%. The business had revenue of $15.79 billion during the quarter, compared to analyst estimates of $15.89 billion. During the same period in the previous year, the company posted $1.28 earnings per share. sell-side analysts expect that Metlife will post 4.93 EPS for the current fiscal year.
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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Friday, February 2nd. Metlife’s dividend payout ratio is presently 39.41%.
A number of hedge funds have recently bought and sold shares of the business. Cowen Prime Services LLC lifted its stake in Metlife by 16.0% during the third quarter. Cowen Prime Services LLC now owns 7,250 shares of the financial services provider’s stock valued at $377,000 after buying an additional 1,000 shares in the last quarter. First National Trust Co. lifted its stake in Metlife by 1.6% during the third quarter. First National Trust Co. now owns 63,661 shares of the financial services provider’s stock valued at $3,307,000 after buying an additional 1,019 shares in the last quarter. Investment Centers of America Inc. lifted its stake in Metlife by 11.6% during the third quarter. Investment Centers of America Inc. now owns 9,874 shares of the financial services provider’s stock valued at $511,000 after buying an additional 1,026 shares in the last quarter. Intrust Bank NA lifted its stake in Metlife by 4.2% during the third quarter. Intrust Bank NA now owns 25,560 shares of the financial services provider’s stock valued at $1,328,000 after buying an additional 1,042 shares in the last quarter. Finally, OLD National Bancorp IN lifted its stake in Metlife by 8.8% during the third quarter. OLD National Bancorp IN now owns 12,881 shares of the financial services provider’s stock valued at $670,000 after buying an additional 1,043 shares in the last quarter. 76.25% of the stock is 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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