MetLife (MET) Set to Announce Earnings on Wednesday

MetLife (NYSE:METGet Rating) will be announcing its earnings results after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $1.76 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

MetLife (NYSE:METGet Rating) last announced its earnings results on Wednesday, November 2nd. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.18 by $0.03. MetLife had a return on equity of 13.60% and a net margin of 3.26%. The company had revenue of $23.69 billion for the quarter, compared to analyst estimates of $19.89 billion. On average, analysts expect MetLife to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

MetLife Stock Up 0.4 %

Shares of MetLife stock opened at $70.97 on Wednesday. MetLife has a one year low of $57.41 and a one year high of $77.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. The stock’s 50-day moving average is $73.23 and its 200 day moving average is $68.44. The firm has a market cap of $55.68 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.13 and a beta of 1.07.

MetLife Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 14th. Shareholders of record on Tuesday, February 7th will be issued a $0.50 dividend. The ex-dividend date is Monday, February 6th. This represents a $2.00 annualized dividend and a yield of 2.82%. MetLife’s payout ratio is currently 75.19%.

Insider Transactions at MetLife

In other news, EVP Susan M. Podlogar sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $71.91, for a total value of $215,730.00. Following the completion of the sale, the executive vice president now directly owns 46,193 shares of the company’s stock, valued at $3,321,738.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Susan M. Podlogar sold 3,000 shares of the stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $71.91, for a total transaction of $215,730.00. Following the completion of the sale, the executive vice president now directly owns 46,193 shares of the company’s stock, valued at $3,321,738.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bill Pappas sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $75.55, for a total value of $377,750.00. Following the sale, the executive vice president now directly owns 65,147 shares of the company’s stock, valued at $4,921,855.85. The disclosure for this sale can be found here. Insiders sold a total of 37,401 shares of company stock valued at $2,706,824 over the last ninety days. 0.26% of the stock is currently owned by insiders.

Institutional Trading of MetLife

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC purchased a new stake in shares of MetLife during the second quarter valued at approximately $28,000. Clearstead Advisors LLC grew its holdings in MetLife by 48.9% during the third quarter. Clearstead Advisors LLC now owns 694 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 228 shares during the period. Carolinas Wealth Consulting LLC grew its holdings in MetLife by 26.4% during the first quarter. Carolinas Wealth Consulting LLC now owns 767 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 160 shares during the period. Covestor Ltd grew its holdings in MetLife by 75.9% during the first quarter. Covestor Ltd now owns 2,127 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 918 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in MetLife by 20.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,656 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 449 shares during the period. 88.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MET has been the topic of several recent research reports. Wells Fargo & Company increased their price target on MetLife from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Wednesday, January 18th. Citigroup increased their price target on MetLife from $77.00 to $84.00 in a report on Wednesday, November 16th. Morgan Stanley increased their price target on MetLife from $87.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, January 10th. The Goldman Sachs Group lowered MetLife from a “buy” rating to a “neutral” rating and cut their price target for the stock from $80.00 to $78.00 in a report on Monday, January 9th. Finally, StockNews.com initiated coverage on MetLife in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $80.18.

MetLife Company Profile

(Get Rating)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. 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, 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.

Read More

Earnings History for MetLife (NYSE:MET)

Receive News & Ratings for MetLife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife and related companies with MarketBeat.com's FREE daily email newsletter.