MetLife (MET) – Investment Analysts’ Weekly Ratings Changes

MetLife (NYSE: MET) recently received a number of ratings updates from brokerages and research firms:

  • 7/8/2024 – MetLife had its price target lowered by analysts at Keefe, Bruyette & Woods from $86.00 to $85.00. They now have an “outperform” rating on the stock.
  • 7/2/2024 – MetLife had its price target raised by analysts at JPMorgan Chase & Co. from $81.00 to $86.00. They now have an “overweight” rating on the stock.
  • 7/1/2024 – MetLife was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 6/28/2024 – MetLife had its price target lowered by analysts at Jefferies Financial Group Inc. from $88.00 to $83.00. They now have a “buy” rating on the stock.
  • 6/18/2024 – MetLife was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 5/22/2024 – MetLife had its price target raised by analysts at Argus from $77.00 to $80.00. They now have a “buy” rating on the stock.
  • 5/11/2024 – MetLife was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 5/10/2024 – MetLife had its price target lowered by analysts at Wells Fargo & Company from $86.00 to $85.00. They now have an “overweight” rating on the stock.

MetLife Stock Down 0.1 %

Shares of MetLife stock opened at $69.41 on Tuesday. The stock has a 50-day moving average price of $71.07 and a 200 day moving average price of $70.32. The company has a market cap of $49.36 billion, a P/E ratio of 23.85, a P/E/G ratio of 0.58 and a beta of 1.11. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.58. MetLife, Inc. has a 1 year low of $57.21 and a 1 year high of $74.68.

MetLife (NYSE:METGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. The firm had revenue of $17.02 billion during the quarter, compared to the consensus estimate of $17.73 billion. MetLife had a return on equity of 20.39% and a net margin of 3.50%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 EPS. As a group, analysts expect that MetLife, Inc. will post 8.65 EPS for the current fiscal year.

MetLife Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 7th were paid a $0.545 dividend. This is an increase from MetLife’s previous quarterly dividend of $0.52. This represents a $2.18 annualized dividend and a yield of 3.14%. The ex-dividend date was Monday, May 6th. MetLife’s dividend payout ratio is currently 74.91%.

Institutional Investors Weigh In On MetLife

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of MetLife by 678.4% during the 4th quarter. International Assets Investment Management LLC now owns 287,311 shares of the financial services provider’s stock worth $19,000,000 after purchasing an additional 250,402 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of MetLife during the 1st quarter worth about $7,012,000. AustralianSuper Pty Ltd raised its stake in shares of MetLife by 19.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,824,596 shares of the financial services provider’s stock worth $120,661,000 after purchasing an additional 293,925 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of MetLife by 9.9% during the 4th quarter. Nordea Investment Management AB now owns 2,664,012 shares of the financial services provider’s stock worth $176,304,000 after purchasing an additional 240,564 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of MetLife by 13.1% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 742,302 shares of the financial services provider’s stock worth $49,088,000 after purchasing an additional 86,091 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.

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