Brokers Set Expectations for MetLife, Inc.’s Q4 2022 Earnings (NYSE:MET)

MetLife, Inc. (NYSE:METGet Rating) – Analysts at Jefferies Financial Group reduced their Q4 2022 EPS estimates for shares of MetLife in a research note issued to investors on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now expects that the financial services provider will post earnings of $1.80 per share for the quarter, down from their prior forecast of $1.85. The consensus estimate for MetLife’s current full-year earnings is $7.12 per share. Jefferies Financial Group also issued estimates for MetLife’s Q2 2023 earnings at $2.08 EPS and Q3 2023 earnings at $2.06 EPS.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of MetLife from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, November 3rd. Credit Suisse Group boosted their price objective on shares of MetLife from $68.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Citigroup boosted their price objective on shares of MetLife from $77.00 to $84.00 in a report on Wednesday, November 16th. Raymond James began coverage on shares of MetLife in a report on Wednesday, September 21st. They set a “market perform” rating on the stock. Finally, Evercore ISI boosted their price objective on shares of MetLife to $81.00 in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, MetLife currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.08.

MetLife Stock Down 0.3 %

MetLife stock opened at $76.72 on Thursday. The firm has a market cap of $60.20 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 6.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. MetLife has a fifty-two week low of $57.05 and a fifty-two week high of $77.10. The firm has a fifty day moving average price of $68.57 and a two-hundred day moving average price of $65.66.

Institutional Trading of MetLife

Several large investors have recently added to or reduced their stakes in MET. Price T Rowe Associates Inc. MD grew its stake in MetLife by 41.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 20,165,769 shares of the financial services provider’s stock worth $1,225,676,000 after buying an additional 5,876,930 shares during the last quarter. Bank of New York Mellon Corp grew its stake in MetLife by 93.3% during the first quarter. Bank of New York Mellon Corp now owns 11,393,164 shares of the financial services provider’s stock worth $800,713,000 after buying an additional 5,499,871 shares during the last quarter. Barclays PLC grew its stake in MetLife by 92.5% during the third quarter. Barclays PLC now owns 5,264,670 shares of the financial services provider’s stock worth $319,989,000 after buying an additional 2,530,149 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in MetLife by 3,664.1% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,959,014 shares of the financial services provider’s stock worth $123,007,000 after buying an additional 1,906,969 shares during the last quarter. Finally, Viking Global Investors LP bought a new stake in MetLife during the first quarter worth about $95,733,000. 86.53% of the stock is owned by institutional investors.

MetLife Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Investors of record on Tuesday, November 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 7th. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. MetLife’s payout ratio is currently 75.19%.

About MetLife

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MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through five segments: U.S.; 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.

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Earnings History and Estimates for MetLife (NYSE:MET)

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