MetLife, Inc. (NYSE:MET) Receives $92.46 Average PT from Brokerages

Shares of MetLife, Inc. (NYSE:MET) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $92.46.

A number of brokerages recently issued reports on MET. Wells Fargo & Company dropped their price objective on MetLife from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. Keefe, Bruyette & Woods dropped their price objective on MetLife from $98.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Piper Sandler lifted their price target on MetLife from $92.00 to $94.00 and gave the company an “overweight” rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. cut their price target on shares of MetLife from $88.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a report on Thursday, January 9th.

Institutional Trading of MetLife

Institutional investors have recently modified their holdings of the company. CX Institutional lifted its holdings in MetLife by 15.9% in the 4th quarter. CX Institutional now owns 68,005 shares of the financial services provider’s stock worth $5,568,000 after buying an additional 9,337 shares during the period. Bank of New York Mellon Corp increased its position in MetLife by 109.2% during the 4th quarter. Bank of New York Mellon Corp now owns 8,826,658 shares of the financial services provider’s stock valued at $722,727,000 after purchasing an additional 4,606,748 shares during the period. Smartleaf Asset Management LLC raised its holdings in MetLife by 27.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 13,692 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 2,940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of MetLife by 1.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 776,244 shares of the financial services provider’s stock valued at $63,559,000 after buying an additional 12,723 shares during the period. Finally, Kingswood Wealth Advisors LLC purchased a new stake in MetLife in the fourth quarter worth about $259,000. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

MetLife Stock Up 1.1 %

MetLife stock opened at $72.49 on Friday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $49.38 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.65 and a beta of 0.89. The firm has a 50 day moving average price of $79.41 and a 200-day moving average price of $82.19. MetLife has a twelve month low of $65.21 and a twelve month high of $89.05.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. As a group, equities analysts predict that MetLife will post 9.65 EPS for the current year.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.