This move comes as MetLife’s stock price has been on a downward trend, falling from $58.00 to $52.00 in the past three months. The company’s recent earnings report, released in late July, showed a decline in earnings per share and revenue. Despite the recent downturn, Cornerstone Advisors LLC remains a significant shareholder in MetLife, holding a 1.5% stake in the company.
MetLife, Inc. (MET) is a leading provider of insurance and financial services. The company has been experiencing a period of growth and transformation, with a focus on digitalization and expanding its global reach. Analyst upgrades and downgrades are a significant factor in influencing investor sentiment and market performance.
MetLife Trading Up 1.6 % MET stock opened at $77.38 on Tuesday. The company’s 50-day simple moving average is $74.02 and its 200-day simple moving average is $72.37. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. MetLife, Inc. has a 52-week low of $57.91 and a 52-week high of $79.34. The firm has a market cap of $55.03 billion, a P/E ratio of 26.59, a PEG ratio of 0.61 and a beta of 1.04. MetLife (NYSE:MET – Get Free Report) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.15. The business had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 EPS. As a group, equities analysts forecast that MetLife, Inc. will post 8.67 EPS for the current fiscal year.
**Key Points:**
* **Dividend Announcement:** MetLife announced a quarterly dividend payment. * **Dividend Payment Date:** The dividend was paid on September 10th. * **Record Date:** Shareholders of record on August 6th received the dividend.
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