MetLife (NYSE:MET) Rating Increased to Buy at StockNews.com

MetLife (NYSE:MET) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other brokerages also recently commented on MET. Bank of America cut their price objective on shares of MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Piper Sandler increased their price target on shares of MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Barclays reduced their price target on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. TD Cowen started coverage on MetLife in a research report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Fourteen analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $88.46.

MetLife Trading Up 0.5 %

NYSE MET opened at $87.77 on Monday. MetLife has a 12 month low of $62.81 and a 12 month high of $87.88. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock’s fifty day moving average price is $82.87 and its 200-day moving average price is $76.29. The stock has a market cap of $60.77 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.79 and a beta of 1.05.

Institutional Trading of MetLife

Several large investors have recently added to or reduced their stakes in MET. Swedbank AB purchased a new position in shares of MetLife during the 1st quarter worth $131,456,000. Acadian Asset Management LLC lifted its position in MetLife by 7,837.0% during the second quarter. Acadian Asset Management LLC now owns 1,129,353 shares of the financial services provider’s stock valued at $79,250,000 after purchasing an additional 1,115,124 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in MetLife during the third quarter valued at about $91,771,000. Dimensional Fund Advisors LP increased its position in MetLife by 22.4% in the second quarter. Dimensional Fund Advisors LP now owns 5,396,274 shares of the financial services provider’s stock worth $378,799,000 after buying an additional 988,666 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in MetLife by 79.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,726,209 shares of the financial services provider’s stock worth $142,378,000 after buying an additional 762,291 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

MetLife Company Profile

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.