MetLife, Inc. (NYSE:MET)‘s stock had its “outperform” rating reissued by analysts at Wells Fargo & Company in a note issued to investors on Tuesday. They presently have a $60.00 price objective on the financial services provider’s stock, up from their prior price objective of $55.00. Wells Fargo & Company’s price target indicates a potential upside of 15.07% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other research analysts also recently issued reports about the company. Citigroup Inc. set a $51.00 target price on MetLife and gave the stock a “sell” rating in a report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $62.00 price target on shares of MetLife in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $59.00 price target on shares of MetLife in a research note on Thursday, August 3rd. TheStreet raised MetLife from a “c” rating to a “b-” rating in a research note on Monday, July 24th. Finally, BidaskClub downgraded MetLife from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. MetLife has a consensus rating of “Buy” and an average price target of $57.74.

Shares of MetLife (NYSE:MET) opened at 52.14 on Tuesday. The company has a market cap of $55.42 billion, a P/E ratio of 613.41 and a beta of 1.47. The company has a 50-day moving average price of $48.56 and a 200-day moving average price of $47.51. MetLife has a 12-month low of $39.45 and a 12-month high of $52.30.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. MetLife’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. On average, analysts predict that MetLife will post $4.82 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in MetLife by 0.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after buying an additional 38 shares during the period. Forward Management LLC boosted its holdings in MetLife by 0.4% in the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 41 shares in the last quarter. Peoples Bank OH boosted its holdings in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 50 shares in the last quarter. Aspen Investment Management Inc boosted its holdings in MetLife by 0.7% in the second quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 50 shares in the last quarter. Finally, Atria Investments LLC grew its stake in MetLife by 0.4% in the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after acquiring an additional 72 shares during the period. Institutional investors own 74.27% of the company’s stock.

MetLife Company Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Analyst Recommendations for MetLife (NYSE:MET)

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