J P Morgan Chase & Co initiated coverage on shares of MetLife, Inc. (NYSE:Met) in a study take note released on Monday. The brokerage issued a keep rating and a $78.00 goal price tag on the financial companies provider’s inventory.
Other equities analysts also lately issued study reports about the organization. TheStreet downgraded MetLife from a b- rating to a c rating in a report on Tuesday, Could 16th. Wells Fargo & Company restated a get rating on shares of MetLife in a report on Saturday, July 1st. Royal Financial institution Of Canada restated a get rating and issued a $62.00 price tag aim on shares of MetLife in a report on Wednesday, July 12th. Zacks Investment Analysis downgraded MetLife from a get rating to a keep rating in a report on Thursday, April 20th. Ultimately, Citigroup Inc. established a $51.00 price tag aim on MetLife and gave the inventory a promote rating in a report on Friday, July 7th. Two study analysts have rated the inventory with a promote rating, six have provided a keep rating, six have assigned a get rating and one particular has provided a powerful get rating to the company’s inventory. The organization has an regular rating of Maintain and a consensus price tag goal of $59.03.
MetLife (NYSE:Met) opened at 54.73 on Monday. The firm’s marketplace capitalization is $58.89 billion. The firm’s 50-working day moving regular is $54.22 and its 200-working day moving regular is $53.04. MetLife has a 12 thirty day period reduced of $38.87 and a 12 thirty day period superior of $58.09.
MetLife (NYSE:Met) past released its quarterly earnings facts on Wednesday, Could 3rd. The financial companies company noted $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $.19. MetLife experienced a good return on fairness of 7.57% and a detrimental web margin of .95%. The company experienced income of $16.27 billion for the quarter, compared to the consensus estimate of $17.02 billion. In the course of the identical quarter in the prior yr, the organization posted $1.20 earnings for each share. The firm’s income was down 11.7% on a yr-around-yr basis. On regular, equities study analysts count on that MetLife will put up $5.38 EPS for the present yr.
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The company also lately disclosed a quarterly dividend, which will be compensated on Wednesday, September 13th. Stockholders of document on Monday, August 7th will be provided a $.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.92%. MetLife’s dividend payout ratio is -258.06%.
Massive investors have lately bought and offered shares of the inventory. Diamond Hill Money Management Inc. boosted its stake in MetLife by 2.8% in the second quarter. Diamond Hill Money Management Inc. now owns 7,033,812 shares of the financial companies provider’s inventory valued at $386,438,000 just after obtaining an supplemental 194,883 shares in the past quarter. Benjamin F. Edwards & Company Inc. boosted its stake in MetLife by 1.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 12,659 shares of the financial companies provider’s inventory valued at $695,000 just after obtaining an supplemental 181 shares in the past quarter. Prosperity Improvement Advisory Solutions LLC boosted its stake in MetLife by 160.3% in the second quarter. Prosperity Improvement Advisory Solutions LLC now owns 39,424 shares of the financial companies provider’s inventory valued at $2,196,000 just after obtaining an supplemental 24,279 shares in the past quarter. Steinberg Global Asset Management boosted its stake in MetLife by .9% in the second quarter. Steinberg Global Asset Management now owns 17,890 shares of the financial companies provider’s inventory valued at $983,000 just after obtaining an supplemental 157 shares in the past quarter. Ultimately, FineMark Nationwide Financial institution & Have confidence in acquired a new stake in MetLife through the second quarter valued at $208,000. 74.60% of the inventory is owned by institutional investors.
MetLife Company Profile
MetLife, Inc is a company of life insurance policies, annuities, employee added benefits and asset administration. The Company’s segments consist of U.S. Asia Latin The united states Europe, the Middle East and Africa (EMEA) MetLife Holdings Brighthouse Monetary, and Company & Other. Its U.S. phase is organized into Group Positive aspects, Retirement and Earnings Alternatives and Property & Casualty corporations.
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