Metlife Inc (MET) Stock Rating Lowered by ValuEngine
Metlife Inc (NYSE:MET) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.
Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Metlife from a “b-” rating to a “c” rating in a research report on Tuesday, May 16th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Metlife in a research report on Saturday, July 1st. Langen Mcalenn reaffirmed a “buy” rating on shares of Metlife in a research report on Wednesday, August 16th. J P Morgan Chase & Co began coverage on shares of Metlife in a research report on Monday, July 24th. They issued a “hold” rating and a $78.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price target on shares of Metlife in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Metlife presently has a consensus rating of “Hold” and a consensus price target of $59.17.
Shares of Metlife (MET) opened at 47.99 on Friday. Metlife has a 12 month low of $37.17 and a 12 month high of $52.07. The company has a market capitalization of $51.01 billion, a price-to-earnings ratio of 564.59 and a beta of 1.46. The company has a 50-day moving average price of $48.46 and a 200-day moving average price of $47.25.
Metlife (NYSE:MET) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. Metlife had a net margin of 5.14% and a return on equity of 4.89%. The firm had revenue of $17.39 billion during the quarter, compared to analysts’ expectations of $17.11 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Metlife will post $4.83 EPS for the current year.
ILLEGAL ACTIVITY WARNING: “Metlife Inc (MET) Stock Rating Lowered by ValuEngine” was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://theolympiareport.com/2017/08/28/metlife-inc-met-stock-rating-lowered-by-valuengine.html.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC bought a new position in shares of Metlife during the first quarter worth about $107,000. Farmers National Bank bought a new position in shares of Metlife during the second quarter worth about $118,000. First Personal Financial Services raised its position in shares of Metlife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of Metlife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Metlife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.
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.
Receive News & Ratings for Metlife Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metlife Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.