MetLife, Inc. (NYSE:MET – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday after Wells Fargo & Company raised their price target on the stock from $86.00 to $92.00. Wells Fargo & Company currently has an overweight rating on the stock. MetLife traded as high as $85.44 and last traded at $85.03, with a volume of 41241 shares traded. The stock had previously closed at $84.03.
Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of MetLife from a “buy” rating to a “hold” rating in a research report on Friday, October 4th. Morgan Stanley lowered their price target on shares of MetLife from $86.00 to $85.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Citigroup boosted their price target on shares of MetLife from $83.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America dropped their target price on MetLife from $99.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on MetLife from $81.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.46.
View Our Latest Report on MetLife
Institutional Investors Weigh In On MetLife
MetLife Price Performance
The company has a fifty day simple moving average of $76.57 and a two-hundred day simple moving average of $73.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.16 and a current ratio of 0.16. The company has a market capitalization of $59.89 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 0.69 and a beta of 1.04.
MetLife (NYSE:MET – Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.13 by $0.15. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The business had revenue of $17.82 billion for the quarter, compared to analyst estimates of $18.57 billion. During the same period in the previous year, the company posted $1.94 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. As a group, research analysts anticipate that MetLife, Inc. will post 8.61 earnings per share for the current year.
MetLife Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be issued a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, November 5th. MetLife’s payout ratio is 58.76%.
About MetLife
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.
Featured Articles
- Five stocks we like better than MetLife
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- ETF Screener: Uses and Step-by-Step Guide
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- How is Compound Interest Calculated?
- 4 Quirky ETFs With Big Potential for Impressive Gains
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.