MetLife (NYSE:MET) Price Target Raised to $94.00

MetLife (NYSE:MET) had its price objective boosted by Piper Sandler from $92.00 to $94.00 in a research report report published on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

MET has been the topic of several other reports. Barclays decreased their target price on shares of MetLife from $96.00 to $95.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. StockNews.com lowered MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. Keefe, Bruyette & Woods cut their target price on MetLife from $100.00 to $98.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on MetLife from $92.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley increased their price objective on MetLife from $101.00 to $109.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, MetLife presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.85.

MetLife Trading Down 9.5 %

MetLife stock opened at $68.71 on Wednesday. The business has a 50 day moving average price of $82.41 and a two-hundred day moving average price of $82.90. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54. MetLife has a 12 month low of $67.30 and a 12 month high of $89.05. The stock has a market cap of $46.81 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a net margin of 6.19% and a return on equity of 20.42%. As a group, equities analysts forecast that MetLife will post 9.65 EPS for the current year.

MetLife Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th were given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.17%. The ex-dividend date was Tuesday, February 4th. MetLife’s payout ratio is presently 36.52%.

Institutional Trading of MetLife

Hedge funds have recently modified their holdings of the stock. Atom Investors LP bought a new position in MetLife in the 3rd quarter valued at $358,000. Benjamin Edwards Inc. boosted its holdings in MetLife by 556.9% in the third quarter. Benjamin Edwards Inc. now owns 15,910 shares of the financial services provider’s stock valued at $1,313,000 after acquiring an additional 13,488 shares during the last quarter. Holocene Advisors LP acquired a new stake in MetLife in the third quarter worth about $4,355,000. Hilltop Holdings Inc. acquired a new stake in MetLife in the third quarter worth about $223,000. Finally, Janus Henderson Group PLC raised its holdings in MetLife by 13.9% during the 3rd quarter. Janus Henderson Group PLC now owns 90,092 shares of the financial services provider’s stock worth $7,430,000 after purchasing an additional 11,000 shares during the last quarter. 94.99% of the stock is 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.