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.

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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.

Analyst Recommendations for Metlife (NYSE:MET)

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