MetLife, Inc. (NYSE:MET) Receives $88.62 Consensus Price Target from Analysts

MetLife, Inc. (NYSE:MET) has been given an average rating of “Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Thirteen equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $88.62.

MET has been the topic of several recent research reports. Morgan Stanley decreased their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, August 19th. StockNews.com upgraded shares of MetLife from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Wells Fargo & Company boosted their target price on MetLife from $92.00 to $93.00 and gave the company an “overweight” rating in a research note on Tuesday, November 5th. Barclays cut their price objective on MetLife from $91.00 to $90.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, Piper Sandler raised their price target on shares of MetLife from $85.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd.

MetLife Price Performance

MetLife stock opened at $80.33 on Monday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. The stock has a market cap of $55.62 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.78 and a beta of 1.06. The business’s 50-day simple moving average is $83.78 and its 200 day simple moving average is $77.20. MetLife has a 12-month low of $64.61 and a 12-month high of $89.05.

MetLife Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be given a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Tuesday, November 5th. MetLife’s payout ratio is presently 43.95%.

Institutional Investors Weigh In On MetLife

A number of large investors have recently modified their holdings of MET. MeadowBrook Investment Advisors LLC grew its stake in shares of MetLife by 244.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 310 shares of the financial services provider’s stock worth $26,000 after buying an additional 220 shares during the last quarter. Carmichael Hill & Associates Inc. grew its position in MetLife by 131.9% during the 3rd quarter. Carmichael Hill & Associates Inc. now owns 327 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 186 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in MetLife by 374.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 351 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 277 shares in the last quarter. Peterson Financial Group Inc. bought a new position in MetLife in the third quarter valued at about $30,000. Finally, Fortitude Family Office LLC boosted its stake in shares of MetLife by 177.3% during the third 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 in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.