MetLife, Inc. (NYSE:MET) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of MetLife, Inc. (NYSE:METGet Rating) have been given a consensus recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $78.08.

A number of research analysts have recently weighed in on MET shares. Raymond James started coverage on shares of MetLife in a research report on Wednesday, September 21st. They set a “market perform” rating for the company. Wells Fargo & Company lowered their price objective on shares of MetLife from $75.00 to $74.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 12th. TheStreet upgraded shares of MetLife from a “c+” rating to a “b-” rating in a research report on Thursday, September 15th. Credit Suisse Group upped their price target on shares of MetLife from $68.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, August 22nd. Finally, StockNews.com started coverage on shares of MetLife in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

MetLife Price Performance

Shares of NYSE MET opened at $76.72 on Friday. The firm’s 50-day moving average price is $68.57 and its 200-day moving average price is $65.66. MetLife has a 1-year low of $57.05 and a 1-year high of $77.10. The firm has a market capitalization of $60.20 billion, a P/E ratio of 28.84, a P/E/G ratio of 6.03 and a beta of 1.07. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. MetLife’s dividend payout ratio is currently 75.19%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in MetLife by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 57,252,623 shares of the financial services provider’s stock valued at $4,023,714,000 after acquiring an additional 300,898 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of MetLife by 1.0% during the first quarter. Wellington Management Group LLP now owns 40,275,298 shares of the financial services provider’s stock worth $2,830,548,000 after purchasing an additional 396,060 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MetLife by 41.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 20,165,769 shares of the financial services provider’s stock worth $1,225,676,000 after acquiring an additional 5,876,930 shares during the period. Bank of New York Mellon Corp grew its holdings in MetLife by 93.3% in the first quarter. Bank of New York Mellon Corp now owns 11,393,164 shares of the financial services provider’s stock valued at $800,713,000 after purchasing an additional 5,499,871 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of MetLife by 13.1% during the first quarter. Invesco Ltd. now owns 6,721,766 shares of the financial services provider’s stock valued at $472,405,000 after acquiring an additional 777,164 shares during the last quarter. Hedge funds and other institutional investors own 86.53% of the company’s stock.

MetLife Company Profile

(Get Rating)

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; 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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Analyst Recommendations for MetLife (NYSE:MET)

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