MetLife (MET) Receives $56.36 Average PT from Brokerages

Shares of MetLife (NYSE:MET) have been given an average recommendation of “Hold” by the twenty-two analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $56.36.

MET has been the topic of a number of recent research reports. Wells Fargo set a $60.00 price objective on shares of MetLife and gave the stock a “buy” rating in a report on Tuesday, February 13th. ValuEngine cut shares of MetLife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs restated a “buy” rating on shares of MetLife in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of MetLife from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Thursday, January 18th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $56.00 price objective on shares of MetLife in a report on Friday, February 23rd.

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Shares of MET opened at $47.75 on Friday. The stock has a market capitalization of $49,230.18, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.15 and a current ratio of 0.15. MetLife has a fifty-two week low of $43.38 and a fifty-two week high of $55.91.

MetLife (NYSE:MET) last announced its quarterly earnings data 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). The business had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. MetLife had a return on equity of 8.59% and a net margin of 5.69%. During the same quarter last year, the company posted $1.28 EPS. equities analysts predict that MetLife will post 4.91 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of MET. Cowen Prime Services LLC lifted its position in MetLife by 13.8% during the fourth quarter. Cowen Prime Services LLC now owns 8,250 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 1,000 shares during the period. Jolley Asset Management LLC lifted its position in MetLife by 1.4% during the fourth quarter. Jolley Asset Management LLC now owns 76,446 shares of the financial services provider’s stock valued at $3,865,000 after purchasing an additional 1,085 shares during the period. DnB Asset Management AS lifted its position in MetLife by 1.2% during the fourth quarter. DnB Asset Management AS now owns 93,039 shares of the financial services provider’s stock valued at $4,704,000 after purchasing an additional 1,100 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co lifted its position in MetLife by 3.6% during the fourth 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 purchasing an additional 1,142 shares during the period. Finally, Boys Arnold & Co. Inc. lifted its position in MetLife by 6.4% during the fourth 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 period. Hedge funds and other institutional investors own 77.66% of the company’s stock.

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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.

Analyst Recommendations for MetLife (NYSE:MET)

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