MetLife, Inc. (NYSE:MET) Receives Average Rating of “Buy” from Brokerages

Shares of MetLife, Inc. (NYSE:MET) have earned a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Thirteen analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $88.46.

Several research analysts recently weighed in on MET shares. Bank of America dropped their price target on MetLife from $99.00 to $96.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Jefferies Financial Group upped their target price on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company upped their target price on MetLife from $92.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Barclays dropped their target price on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com raised MetLife from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.

Institutional Trading of MetLife

Several hedge funds have recently added to or reduced their stakes in MET. MeadowBrook Investment Advisors LLC boosted its stake in MetLife by 244.4% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 220 shares during the period. Carmichael Hill & Associates Inc. boosted its stake in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 186 shares during the period. Wolff Wiese Magana LLC boosted its stake in MetLife by 374.3% during the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 277 shares during the period. Peterson Financial Group Inc. bought a new stake in MetLife during the 3rd quarter valued at approximately $30,000. Finally, Fortitude Family Office LLC boosted its stake in MetLife by 177.3% during the 3rd 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. Institutional investors own 89.81% of the company’s stock.

MetLife Stock Up 0.0 %

NYSE:MET opened at $83.37 on Thursday. The firm has a market capitalization of $57.73 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.76 and a beta of 1.05. MetLife has a 1-year low of $61.85 and a 1-year high of $86.94. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $81.76 and its 200 day moving average price is $75.71.

MetLife Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.545 per share. The ex-dividend date is Tuesday, November 5th. This represents a $2.18 annualized dividend and a dividend yield of 2.61%. MetLife’s dividend payout ratio (DPR) is presently 43.95%.

About MetLife

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.