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Get MetLife alerts: Analysts Set New Price Targets A number of analysts have recently issued reports on MET shares. Bank of America dropped their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Jefferies Financial Group upped their price objective on MetLife from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Wells Fargo & Company raised their price objective on MetLife from $85.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, August 12th. Citigroup upped their target price on MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.54.
MetLife Trading Up 1.0 % MET opened at $76.19 on Friday. The firm has a market capitalization of $54.18 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 0.61 and a beta of 1.04. MetLife, Inc. has a one year low of $57.91 and a one year high of $79.34. The business has a 50 day simple moving average of $73.86 and a two-hundred day simple moving average of $72.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.16 and a quick ratio of 0.16. MetLife (NYSE:MET – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.15. MetLife had a net margin of 4.23% and a return on equity of 21.41%. The business had revenue of $17.82 billion for the quarter, compared to the consensus estimate of $18.57 billion. During the same period in the previous year, the firm earned $1.94 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Analysts predict that MetLife, Inc. will post 8.67 EPS for the current year.
MetLife Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 6th were paid a $0.545 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $2.18 annualized dividend and a dividend yield of 2.86%. MetLife’s dividend payout ratio is presently 74.91%. MetLife Profile (Free Report) 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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