MetLife (NYSE:MET) – Analysts at B. Riley issued their Q1 2018 earnings per share estimates for MetLife in a report released on Monday, April 16th. B. Riley analyst R. Binner expects that the financial services provider will earn $1.10 per share for the quarter.
MET has been the subject of several other reports. Zacks Investment Research lowered MetLife from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Wells Fargo reissued a “buy” rating and issued a $60.00 price objective on shares of MetLife in a research report on Friday, March 16th. Bank of America started coverage on MetLife in a research report on Monday, March 26th. They issued a “neutral” rating and a $50.00 price objective for the company. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Finally, Deutsche Bank started coverage on MetLife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. MetLife has a consensus rating of “Hold” and a consensus target price of $56.75.
MET stock opened at $46.90 on Tuesday. MetLife has a 1-year low of $43.38 and a 1-year high of $55.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $48,639.29, a PE ratio of 10.42, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24.
MetLife (NYSE:MET) last posted its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.41). MetLife had a return on equity of 8.59% and a net margin of 5.69%. The business had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. During the same period last year, the business posted $1.28 earnings per share.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cowen Prime Services LLC grew its stake in shares of MetLife by 13.8% in the 4th quarter. Cowen Prime Services LLC now owns 8,250 shares of the financial services provider’s stock valued at $417,000 after buying an additional 1,000 shares during the period. Jolley Asset Management LLC grew its stake in shares of MetLife by 1.4% in the 4th quarter. Jolley Asset Management LLC now owns 76,446 shares of the financial services provider’s stock valued at $3,865,000 after buying an additional 1,085 shares during the period. DnB Asset Management AS grew its stake in shares of MetLife by 1.2% in the 4th quarter. DnB Asset Management AS now owns 93,039 shares of the financial services provider’s stock valued at $4,704,000 after buying an additional 1,100 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of MetLife by 3.6% in the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 32,742 shares of the financial services provider’s stock valued at $1,655,000 after buying an additional 1,142 shares during the period. Finally, Boys Arnold & Co. Inc. boosted its stake in MetLife by 6.4% during the 4th quarter. Boys Arnold & Co. Inc. now owns 19,964 shares of the financial services provider’s stock valued at $1,009,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 77.68% of the company’s stock.
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MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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