Metlife Inc (NYSE:MET) – Research analysts at Langen Mcalenn issued their Q1 2018 EPS estimates for shares of Metlife in a research report issued on Tuesday. Langen Mcalenn analyst L. Greenberg expects that the financial services provider will earn $1.22 per share for the quarter. Langen Mcalenn also issued estimates for Metlife’s Q2 2018 earnings at $1.18 EPS, Q3 2018 earnings at $1.26 EPS and Q4 2018 earnings at $1.30 EPS.
Metlife (NYSE:MET) last released its earnings results on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). The firm had revenue of $15.79 billion during the quarter, compared to analyst estimates of $15.89 billion. Metlife had a net margin of 5.69% and a return on equity of 8.62%. During the same period in the prior year, the firm earned $1.28 earnings per share.
Several other research firms also recently weighed in on MET. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 target price (up from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Morgan Stanley lifted their target price on Metlife from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Argus lifted their target price on Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Zacks Investment Research downgraded Metlife from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Metlife in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.77.
Metlife (NYSE MET) opened at $46.64 on Friday. The firm has a market capitalization of $49,080.00, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.15 and a quick ratio of 0.16. Metlife has a 52-week low of $43.38 and a 52-week high of $55.91.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio is presently 39.41%.
Several institutional investors have recently made changes to their positions in MET. Advisory Services Network LLC boosted its holdings in Metlife by 19.8% in the second quarter. Advisory Services Network LLC now owns 9,665 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 1,596 shares in the last quarter. Griffin Asset Management Inc. acquired a new position in Metlife in the second quarter valued at approximately $2,424,000. Intl Fcstone Inc. acquired a new position in Metlife in the second quarter valued at approximately $383,000. PGGM Investments boosted its holdings in Metlife by 2.3% in the third quarter. PGGM Investments now owns 576,944 shares of the financial services provider’s stock valued at $29,972,000 after purchasing an additional 12,978 shares in the last quarter. Finally, Lincoln Capital Corp boosted its holdings in Metlife by 9.6% in the third quarter. Lincoln Capital Corp now owns 75,946 shares of the financial services provider’s stock valued at $3,945,000 after purchasing an additional 6,664 shares in the last quarter. 76.55% of the stock is owned by institutional investors and hedge funds.
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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.
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