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

Shares of MetLife, Inc. (NYSE:MET) have received an average recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $88.62.

Several equities research analysts have weighed in on the company. Piper Sandler increased their price target on MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen boosted their price target on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on shares of MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on shares of MetLife from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 27th.

Institutional Trading of MetLife

Several large investors have recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC boosted its holdings in shares of MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. boosted its stake in MetLife by 131.9% during the third quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after buying an additional 186 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after buying an additional 277 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of MetLife during the 3rd quarter valued at about $30,000. Finally, Fortitude Family Office LLC grew its holdings in shares of MetLife by 177.3% in the third quarter. Fortitude Family Office LLC now owns 416 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 266 shares during the period. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

MetLife Stock Down 0.1 %

MET stock opened at $81.78 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.16 and a quick ratio of 0.16. The firm’s fifty day simple moving average is $82.90 and its 200-day simple moving average is $78.44. MetLife has a 12 month low of $64.61 and a 12 month high of $89.05. The company has a market capitalization of $56.63 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.06.

MetLife Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Tuesday, November 5th were paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Tuesday, November 5th. MetLife’s dividend payout ratio is presently 43.95%.

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.