MetLife, Inc. (NYSE:MET) Receives $92.46 Consensus Price Target from Analysts

Shares of MetLife, Inc. (NYSE:MET) have been assigned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $92.46.

Several equities analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of MetLife from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Thursday, April 10th. BMO Capital Markets initiated coverage on MetLife in a research note on Thursday, January 23rd. They set a “market perform” rating and a $97.00 price target on the stock. Piper Sandler raised their price target on MetLife from $92.00 to $94.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 2nd. Cowen reiterated a “buy” rating on shares of MetLife in a report on Friday, March 7th. Finally, UBS Group raised their target price on MetLife from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, April 2nd.

MetLife Price Performance

MET stock opened at $72.65 on Friday. MetLife has a 52-week low of $65.21 and a 52-week high of $89.05. The business has a fifty day moving average of $79.86 and a two-hundred day moving average of $82.33. The stock has a market cap of $49.49 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.65 and a beta of 0.89. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.54.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.05). MetLife had a return on equity of 20.42% and a net margin of 6.19%. As a group, research analysts anticipate that MetLife will post 9.65 earnings per share for the current year.

Institutional Investors Weigh In On MetLife

Large investors have recently modified their holdings of the company. Anchor Investment Management LLC raised its stake in MetLife by 12.5% in the third quarter. Anchor Investment Management LLC now owns 6,115 shares of the financial services provider’s stock valued at $504,000 after buying an additional 681 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of MetLife by 50.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 136,462 shares of the financial services provider’s stock valued at $11,816,000 after acquiring an additional 45,900 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of MetLife during the 3rd quarter worth about $336,000. Wilmington Savings Fund Society FSB purchased a new stake in MetLife during the third quarter worth approximately $701,000. Finally, Tidal Investments LLC boosted its holdings in MetLife by 3.9% in the third quarter. Tidal Investments LLC now owns 19,282 shares of the financial services provider’s stock valued at $1,590,000 after purchasing an additional 718 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.

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.