News stories about MetLife (NYSE:MET) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MetLife earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.0034865107129 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of MetLife traded down $0.45, hitting $48.00, during midday trading on Thursday, Marketbeat Ratings reports. The company had a trading volume of 4,649,182 shares, compared to its average volume of 6,426,807. The company has a market cap of $49.26 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.84 and a beta of 1.24. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.30. MetLife has a 1-year low of $43.38 and a 1-year high of $55.91.
MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.19. The business had revenue of $15.15 billion for the quarter, compared to the consensus estimate of $15.52 billion. MetLife had a net margin of 6.48% and a return on equity of 8.70%. MetLife’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. research analysts forecast that MetLife will post 5.07 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 13th. Stockholders of record on Monday, May 7th will be paid a $0.42 dividend. This is an increase from MetLife’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.68 annualized dividend and a dividend yield of 3.50%. MetLife’s dividend payout ratio (DPR) is presently 37.33%.
MetLife announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 22nd that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of MetLife from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Thursday, May 10th. Wells Fargo & Co reaffirmed a “buy” rating on shares of MetLife in a research report on Tuesday, May 8th. Deutsche Bank cut their price objective on shares of MetLife from $51.00 to $48.00 and set a “hold” rating on the stock in a research report on Friday, May 4th. ValuEngine lowered shares of MetLife from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Credit Suisse Group assumed coverage on shares of MetLife in a research report on Wednesday, April 25th. They set an “outperform” rating and a $67.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $56.81.
In related news, Director Gerald L. Hassell acquired 10,000 shares of the stock in a transaction dated Wednesday, May 9th. The shares were acquired at an average price of $46.18 per share, for a total transaction of $461,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.
MetLife Company Profile
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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