Metlife (MET) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Metlife (NYSE:MET)‘s stock had its “buy” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a report released on Friday. They currently have a $56.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 17.97% from the stock’s previous close.

MET has been the topic of several other research reports. ValuEngine lowered shares of Metlife from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of Metlife from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target (up previously from $56.00) on shares of Metlife in a research report on Friday, November 3rd. Deutsche Bank started coverage on shares of Metlife in a research report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 price target on the stock. Finally, Argus boosted their price target on shares of Metlife from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.58.

Shares of Metlife (NYSE MET) traded up $0.84 during mid-day trading on Friday, reaching $47.47. 4,341,881 shares of the company’s stock traded hands, compared to its average volume of 8,910,000. The company has a market capitalization of $49,950.00, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.31. The company has a current ratio of 0.15, a quick ratio of 0.16 and a debt-to-equity ratio of 0.29. Metlife has a twelve month low of $43.38 and a twelve month high of $55.91.

Metlife (NYSE:MET) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41). The company had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. Metlife had a return on equity of 8.62% and a net margin of 5.69%. During the same period in the prior year, the firm posted $1.28 EPS. analysts expect that Metlife will post 4.93 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of MET. TIAA FSB increased its holdings in Metlife by 50.6% during the 3rd quarter. TIAA FSB now owns 32,564 shares of the financial services provider’s stock worth $1,692,000 after acquiring an additional 10,941 shares during the period. Aperio Group LLC increased its holdings in Metlife by 0.6% during the 3rd quarter. Aperio Group LLC now owns 483,392 shares of the financial services provider’s stock worth $25,112,000 after acquiring an additional 2,948 shares during the period. Korea Investment CORP increased its holdings in Metlife by 30.0% during the 3rd quarter. Korea Investment CORP now owns 858,812 shares of the financial services provider’s stock worth $44,615,000 after acquiring an additional 198,100 shares during the period. Supplemental Annuity Collective Trust of NJ increased its holdings in Metlife by 7.2% during the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 20,000 shares of the financial services provider’s stock worth $1,039,000 after acquiring an additional 1,344 shares during the period. Finally, New Jersey Better Educational Savings Trust bought a new stake in Metlife during the 3rd quarter worth approximately $520,000. 76.25% of the stock is currently owned by institutional investors and hedge funds.

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About Metlife

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Analyst Recommendations for Metlife (NYSE:MET)

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